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Last Wednesday in Lomé, the 18th general assembly of the association of industrial players of oleaginous sector across the West African Economic and Monetary Union (AIFO-Uemoa) was held. On this occasion, participants discussed new challenges rising due to the “Asian unfair competition” in the regional market.
To tackle this issue, the association’s first vice-chairman also MD of...
In the framework of its Elite BRVM Lounge, the West African stock market will add a second batch of 10 SMEs to the project, after a first batch of 10 firms, including Togolese firm Sodigaz, selected previously.
Presentation ceremony will be held on December 10, in Abidjan, Côte d’Ivoire.
The second batch’s addition is subsequent to a deal signed by BRVM, London Stock Exchange and the...
In Togo, mid-term financial and accounting audit of the 2016-2020 Mining Governance and Development Project (PDGM) will be carried out.
In its notice disclosing the information, the ministry of mining and energy said the audit should consist in getting professional advice relating to PDGM’s financial status at the end of every fiscal year.
The audit will also analyze the project’s financial...
Two years after electronic filling was launched by the Togolese Revenue Office (OTR), the tax institution partnered with Ecobank on December 5, 2018, to initiate pilot phase of online tax payment by big companies. This is a major step towards OTR’s digitalization since electronic filling without online payment is inefficient.
“Electronic tax payment contributes to the modernization of tax...
Under its 2019 State budget, Togo’s government will spend CFA1.5 billion on fertilizer subsidies for farmers, Togo First learnt.
The sum will in effect be managed by the agricultural input management and supply center (CAGIA) and be used to purchase 35,400 tons of fertilizers.
The move should benefit 125,000 vulnerable farmers, authorities promised.
In Africa, Togo is one of the countries...
Togo’s government will rehabilitate the Lomé-Cinkassé-Ouagadougou axis. The project which will ease traffic along the major axis is financed by the African Development Bank (AfDB).
According to a document released by the Togolese ministry of infrastructures and transport, the project involves the construction of three bridges along the corridor. The various bridges will be located in Anié...
In Togo, the youth employment director, Anala Telata, pled for the extension of the Youth Insertion and Employment Support Project in Promising Sectors (PAIEJ-SP) to transports, logistics and mechanization.
Doing so will, according to Telata, enable professional insertion of some youths and optimize conditions needed to achieve the goals of PAIEJ-SP in regards to job creation.
Actually,...
In the WAEMU, 75% of adults should have access to appropriate and cheap financial services over the next five years. The region’s central bank, BCEAO, is doing everything to achieve this objective.
In Togo, on the sidelines of the financial inclusion week, Kossi Tenou, national director of the BCEAO, declared: “Our regional financial inclusion strategy mainly aims at ensuring, over the next...
Last Monday in Lomé, the construction of Togo’s first data processing and business incubation center began.
Carrier Hotel is a data center that provides businesses (both big and SMEs) a space with access to electricity and a cooling system where they can store their network equipment and servers. According to Togolese authorities, the infrastructure is a tool that perfectly responds to the...
Over the past 11 months, Togo’s government paid back to private firms CFA55 billion of arrears it owed them. According to the authorities, this aligns with a huge domestic debt clearance program.
The program’s primary goal is to increase private sector’s investment capacity as the sector is the driver of the national development plan (PND). Indeed, private sector should contribute 65% of...
On Monday, December 3, Togo officially joined the Africa Finance Corporation (AFC), a multilateral institution that finances infrastructure development in Africa.
The nation is the twentieth across the whole continent to join the organization. In West Africa however, it is the twelfth and comes after Nigeria, Guinea Bissau, Ghana, Sierra Leone, Gambia, Liberia, Guinea, Chad, Cabo Verde, Benin...
Togo.tg is the new open data website launched by the Togolese government.
The portal should enable free access to data related to public institutions, ministries, public services, etc.
Commenting on the launch, Cina Lawson, minister of posts and digital economy said: “Towards its modernization, Togo proceeded to the remodeling of its digital ecosystem and developed a single institutional...
Togo exported 15,000 metric tons (Mt) of cashew nuts during the 2018 agricultural campaign. This was disclosed by Robert Sedjro, head of cashew exporters. Compared to the previous season’s output (12,000 Mt), this year’s exports are up by about 3,000 Mt.
While the current output meets forecast announced by the N’kalo magazine, it should not hide the fact that “Togo is the least cashew...
Marc Ably-Bidamon, Togo’s minister of energy, is the new president of the ministers’ committee steering the West African Gas Pipeline Project. The official was appointed the position last week, on the sidelines of the 18th meeting of the committee, for a one-year mandate.
Over the period, Togo should, with its neighbors, launch initiatives to protect subsea gas pipelines and conclude...
For an African citizen, Togo is the third country which is easiest to visit in Africa. This information was disclosed by AfDB’s 2018 Africa Visa Openness Index.
Like in all ECOWAS countries, West African citizens can visit Togo without a visa. Besides these countries, Togo provides visa-on-arrival to non-ECOWAS African citizens. This includes about 40 nations.
Topping the AfDB’s index...
Yesterday, Nov 29, the minister of trade and private sector promotion, Bernadette Legzim-Balouki, inaugurated two new reservoirs of Société Togolaise d’Entreposage (Togo’s Storage Society).
The reservoirs (tank n°5 and tank n°1) which cost two billion CFA, and meet international safety and environmental standards, have a total capacity of 4,400 m3. “They will be used to store super...