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Internet Services Provider (ISP) Teolis SA revealed in a statement released recently that it signed a partnership with Microsoft to distribute and support the tech giant’s products in Togo.
Teolis which entered the Togolese market after securing its operating licence, initiated six months ago a process to certify equipment needed to deploy and support Microsoft’s services in the...
Yesterday, a five-day workshop to reinforce capacities of commerce chambers’ magistrates regarding the OHADA legislation started.
This meeting is expected to help the magistrates know more about the OHADA uniform act organizing securities and the other organizing simplified recovery procedures and measures of execution.
Adding to OHADA’s other legislations, these laws are safe tools to...
Initially positioned on the 4G (FH/LTE) market, Teolis, one of the new internet services providers in Togo, has just added fiber optics to its offers. Henceforth, fiber optics internet options are available for Teolis’ clients, the company which was launched in February 2018 announces.
In that regard, an agreement has recently been made with Compagnie d’Energie Electrique du Togo...
Foufoumix SA, subsidiary of Logou Concept Togo (LCT) which holds operating licence for foufou-making machine Foufoumix, recently announced the opening of its capital to private investors.
Overall, 48,200 shares with a nominal value of CFA10,000 will be issued for CFA482 million, thus nearly 36% of the startup’s restructured capital which will now be raised to CFA1.4 billion.
Following the...
Togolese government has just kicked off the Infrastructure and Urban Development Project (PIDU), we learnt. Financed up to CFA16 billion by the World Bank, the project is expected to improve access to basic urban infrastructure. It covers the towns of Lomé, Kara and Dapaong.
In detail, this project set to end in 2023 includes the construction/rehabilitation of road networks, deployment of water...
The forum on clean energy organized by BOAD on the sidelines of its 45th anniversary recently ended. Here, Christian Adovelande, the institution’s head, reviews its actions so far and projections. Togo First : The BOAD is 45-years old. What is your review of its actions so far?
Christian Adovelande : Over the past 45 years, we have financed 1030 projects for CFA5,300 billion...
A hundred thousand direct jobs per year and a million (both direct and indirect) over the next five years. That is the goal aimed at by Togo’s actual government. A laudable objective but is it truly achievable or will this path lead to a white elephant? How do authorities plan to finance this goal? What types of jobs will be generated? Will they be sustainable? Decent? Temporary? These are some...
After Benin, Burkina Faso and Côte d’Ivoire, Togo has also adopted a tax on cashew exports, baptized Cashew Nuts Tax (PNC).
The tax which was established in line with a decree issued on October 3, 2018, amounts to CFA40 per kg of raw nuts and CFA5 for processed nuts.
The fee, perceived by the tax administration, will be transferred to a special account, opened at the Public Treasury, named...
Last Wednesday, Togo’s National Civil Aviation Agency celebrated the Yamoussokro Decision.
Placed under the theme “Plead for Laws Regulating the Yamoussokro Decision, Tools Contributing to the Good Functioning of MUTAA”, this event according to Togo Presse, aims to inform various actors of the civil aviation, about advantages derived from implementing the Yamoussokro Decision and the...
Developed by Schneider Electric and its partners, following an agreement with the WAEMU commission and the African Biofuel and Renewable Energy Company (ABREC), Microsol-UEMOA is a system that helps produce, simultaneously, power and heat for agricultural uses (irrigation, fish farming, drying, processing, pasteurization, etc.).
At the end of a two-day regional meeting to review the...
The West African Development Bank (BOAD) and WAEMU States must prioritize projects focusing on skills transfer, research and development, in regards to clean energy financing. This was declared by Benin’s Minister of Finance, Romuald Wadagni, also Chairman of WAEMU’s ministers’ council, on November 14, on the sidelines of the 45th anniversary of the regional bank.
“I urge BOAD to focus...
The University of Lomé, in line with its objective to become a home of innovation and technology transfer, will soon have an incubator for entrepreneurs with innovative projects.
These entrepreneurs will receive at the facility a tailored technical training, benefit from support of experts as well as from funds needed to bring their ideas to fruition.
The incubator, according to the source...
In line with its goal to become one of West Africa’s leading airport hubs, Togo’s government plans to make the country’s second airport, the Niamtougou airport, “a reference platform for airport logistics, especially for cargo traffic to hinterland countries”.
According to authorities, this will be achieved through the rehabilitation and modernization of facilities as well as upgrading...
Yesterday, Togo’s minister of agriculture, Ouro-Koura Agadazi, officially launched in Lomé a project to improve the system for phytosanitary control and certification of fruits and vegetables in the country.
Valued at CFA478 million, this project boosts existing regulatory and institutional framework related to phytosanitary control and certification of fruits and vegetables in Togo, and aims...
In Togo, under phase 3 of its development, the Lomé Urban Environment Project will rehabilitate and valorize the old landfill site of Agoè-Nyivé, in the periphery of the capital. According to a document released by the project’s carrier, a special delegation of Lomé's township, projected works will cost €6.9 million.
Overall, these will focus on ensuring environmental preservation,...
“In line with a tax relief measure,” Togo’s revenue office (OTR) will “offer special conditions at the end of this year”. This, the institution disclosed in a statement published last week.
In effect, OTR will allow reduction of up to 45% of customs value, in some cases, for used cars and clearance of goods.
This offer will be valid until December 31, 2018. Through this promotional...