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In Togo, there are more than 36,000 organic farmers, according to the latest survey of the Research Institute of Organic Agriculture (FIBL) on global organic production. This figure represents about 4.83% of all African farmers operating in this field.
According to the same survey, close to 40,000 ha of lands, which is only 1% of lands exploited in Togo, are dedicated to organic farming in the...
The Togo-EU economic forum will focus on promoting seven key sectors, in line with the National Development Plan (PND 2018-2022).
The first sector on which investors will focus is agriculture-agribusiness. This sector contributes 40% of Togo’s GDP and authorities plan over the 2018-2022 period to locally process agricultural products prior to their export.
The second sector is industry. The...
From 2014 to 2018, the percentage of Togolese adults (more than 15 years old) having access to finance institutions grew from 18.3% to 45.3%. Last year’s figure represents almost half of the country’s adult population, according to the World Bank 2018 report on financial inclusion.
The rise, a quite impressive one compared to 2011 where the figure stood at 10%, aligns with a general trend...
On March 4, 2019, Togo will officially launch its national development plan (2018-2022) in Lomé.
Adopted at a ministers’ council, the plan sets strategic goals for economic and social development, but also for growth over the 2018-2022 period. It revolves around three axes ; the first which aims at creating a top-class logistics hub and a business center of reference in the region ; the...
Togo eyes a cashew output of 24,000 tons this year and 30,000 tons in the next four years. This target falls under a program-agreement signed between the government and the sector’s actors.
This program aims at creating more than 200,000 jobs during the period.
The related agreement was signed in the framework of the third cashew sales campaign, launched by the minister of agriculture last...
Togo’s minister of foreign affairs, Robert Dussey, is presently in Apia, Samoa Islands, for the Africa-Caribbean-Pacific (ACP) summit currently being held there.
During the meeting, participants will review the policies put in place by the ACP regions, and also assess how far advanced are talks related to laws regulating partnership with the European Union. These laws should substitute the...
Over the past year, the number of mobile subscriptions and internet users in Togo rose by 12%. This is according to Hootsuite’s latest report in the global digital state.
The surge, in exact figures, correspond respectively to +716,000 subscriptions and +107,000 users. In the first case, the country recorded a total of 6.68 million mobile subscriptions in 2018, which is 83% of the whole...
International Business Bank (IBB), former Banque de l’Habitat du Burkina Faso will enter the Togolese market, and others in the sub-region, in line with its expansion strategy.
The bank’s interest in Togo could be explained by the recent improvements in the country’s business environment. Indeed, many African and global firms have come to the country, thus making its banking sector more...
Motor vehicles are now taxed in Togo. This tax which was part of the former tax code was amended and reintegrated into the new tax regime, Togo’s Revenue Office (OTR) confirmed last Wednesday.
In detail, 85% of the tax proceeds will go to the country’s autonomous road maintenance financing company (SAFER). This tax is imposed on cars, trucks, mini-trucks, road tractors as well bikes of more...
In Hootsuite’s latest global digital report, last year, 6.6% of the Togolese population carried out transactions online.
In detail, this included 5.1% of women living in the country, and 8.1% of men.
While these rates are modest, they are proof of the progress made by Togo in the e-commerce sector over the recent years.
“Also, in the region, Togo is among the first in regards to internet...
From 16 digits, account numbers of Ecobank Togo’s customers have now been reduced to 12 digits. However, old account numbers are still valid for the moment but no information filtered about until when.
The change was made in the framework of upgrading of the bank’s systems, to make their “services more efficient”.
Starting next March 1, 2019, the identification number of the client...
Philippe Kokou Tchodie, previously in charge of General Services, is the new general commissioner of the Togolese Revenue Office (OTR). He was appointed by decree on February 20, 2019, following a ministers’ council in Lomé.
The new commissioner general replaced Kodjo Sevon-Tepe Adedze, recently appointed minister of trade, transport, industry, private sector development and local...
Seven billion CFA. That was the sum paid by the Togolese government to the country’s power utility (CEET) in 2018 as part of arrears valued at nine billion. The information was disclosed by Togo’s energy director, Abas Aboulaye.
The arrears were accumulated as a result of populations not paying their bills regularly. To reverse this trend and reorganize public lighting maintenance, the...
The EU-TOGO economic forum announced to be held in Lomé on June 13-14, 2019 could allow holders of 100 well-thought projects related to the 2018-2022 national development plan an opportunity to win fundings.
Very soon, the steering committee of that forum should launch a call for proposals for bankable projects via a dedicated web portal (being developed).
A committee...
Next June, on the 13th and 14th, Lomé will host the first Togo-EU economic forum. The event will gather 400 participants and its theme will be : “Building sustainable economic relations between Togo and the European Union.”
During a press conference held in preparation of the forum, Togo’s state secretary and coordinator of the country’s business climate cell, Sandra Ablamba...
At Q4 2018, Moov Togo had more than 3.4 million active users.
According to Maroc Telecom, the parent company of the operator, which disclosed the figure last Monday in its annual financial report, this represents a 15.7% increase of its pool of active users. In effect, Moov Togo won more than 500,000 subscribers over the year that just ended.
While Maroc Telecom did not provide details...