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Togo’s revenues authority (Office Togolais des Recettes-OTR) is planning to implement the integrated public finance management system (Système Intégré de Gestion des Finances Publiques-SIGFIP). The institution in charge of tax and customs revenues collection is thus conforming to the new dynamic for a better management of public funds.
Indeed, this management system is said to have...
In preparation for the opening ceremony of FOCAC, the forum on Africa-China cooperation, Togo’s delegation led by the president Faure Gnassingbé, continued meetings with investors on Monday 3, September 2018 in Beijing. The stated objective of these meetings is to invite those investors into participating in the implementation of Togo’s 5- year action plan which is mainly focused on the...
Every year, China and Togo boost their bilateral trade and cooperation relationship. According to the public development aid report (Aide Publique au Développement-APD) published by Togo’s ministry of planning and development in 2017, China is Togo’s second-largest lender with $19.85 million lent to the country.
This amount represents 24.92% of the overall loans ($79 million)...
To promote company creation and digital inclusion in Togo, the ministry of digital economy launched a campaign to promote the country’s top-level domain (.tg). This campaign which started on September 1, 2018, will end on September 30, 2018.
The initiative is supported by the ministry of commerce and private sector development, the chamber of industry and commerce, the business registration...
Today September 3, 2018, in Beijing, in his opening speech during the Forum on China-Africa Cooperation (FOCAC), Xi Jinping (photo), China’s president announced that his country would provide $60 billion to Africa.
The president explained that these funds will be granted as government aids and investments via financial institutions and companies.
He also announced some measures aimed at...
Togo, via the Projet d’Appui à la mobilisation des ressources et au renforcement des capacités institutionnelles (PAMOCI), will interconnect decentralised financial audit centers with the main site of Système Intégré de Gestion des Finances Publiques (SIGFIP), the integrated public finance management system.
In the framework of that project, computer equipment will be set up in the...
A delegation of Togo’s finance and foreign affairs ministers along with high officials is announced in China for a series of meetings in the framework of FOCAC. These include the 13th meeting of high officials and the 7th ministerial conference which will be held respectively on September 1 and September 2, 2018.
At the end of those preparatory meetings, a high-level discussion...
Lomé will host as of tomorrow September 1 the Innovation and Technology Fair (STIL) which aims to showcase technological advances in Togo and also stimulate participants’ creativity.
During the event, best initiatives will be rewarded through a competition centered on high-impact projects called “J'INNOVE”. Candidates will have to defend their project before a jury of experts.
In...
Togo’s National Agency for Food Security (ANSAT) has just purchased 15 tons of corn (valued at CFA2.4 million) from Kpessi famers in the Eastern Mono prefecture. Under this move, the agency aims to strengthen its security stock to prevent shortages and better support local producers in increasing production. However, ANSAT would be able to supply the grain market in the event of shortages which...
The promoters of Lomé international fair (Foire Internationale de Lomé) announced on August 30, 2018, during a press conference that the 15th edition of that fair will be held from November 23 to December 1, 2018. This year, Burkina Faso, Togo’s second largest client apart from Benin, is the special guest.
Placed under the theme: “La chaine de valeur vecteur économique du...
French Group Canal+ announced August 29, 2018, the launch of a new package, baptized “Essentiel+”. This was during a press conference in Lomé.
With 130 channels, 17 of which are in high definition (HD), the new offer replaces Canal+’s former package which had only 12 channels. “Based on a survey of our customers, we wanted to improve this package with new channels, namely Canal+...
Started in 2016, works to rehabilitate the 57km-long Notsé-Tohoun-Benin border road have been completed. They cost CFA35 billion.
Financed by the State and the West African Development Bank (BOAD), the road plays a major economic role for the Moyen-Mono prefecture in the Plateau region. It will indeed open up the landlocked prefecture and thus ease access to the Moyen-Mono hydrographic basin...
In Togo, the implementation of the strategy for rapid growth and job promotion (SCAPE) advanced significantly last year.
In line with this strategy, the rate of national roads rehabilitated soared to 64%, from 60% in 2016.
Also, the mobile and landline penetration rate grew from 77.5% to 85.5%, while broadband’s rose to 27.8% (from 20.8%), according to the latest review of SCAPE, validated in...
Next September 7, 2018, Togo’s Chamber of Commerce and Industry (CCIT) will organize an Open day dedicated to Portugal. This is an initiative of Nalmok Consulting, a language promotion centre backed by the CCIT.
The event, according to its promoters, should help promote Portugal as an export market in Europe and showcase business opportunities and products that the country has to offer, in the...
In July, Togo’s ministry in charge of development planning, and the United Nations Development Programme (UNDP) released a report on official development assistance (ODA) in 2017. The document provides precise statistics on official development assistance and remittances in 2017. Here, we provide a brief analysis of remittances sent by the Togolese diaspora in 2017.
In 2017, the diaspora...
In Togo, the national social security fund (CNSS) gathered on August 27, 200 local business chiefs in Lomé, for a workshop to raise their awareness regarding the creation of safety and health committee, at their firms. Themed Methods, prevention and productivity for a sustainable development, the workshop aims to inform the business owners about the need to create “this committee where issues...