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Togo’s Revenue Office (OTR) just released on its website the registry of firms that are fiscally up-to-date.
This release aims at informing business owners about their status in regards to tax payment and firms absent from the registry are those that are yet to have settled all their taxes.
These firms are urged to pay their dues or risk “a 15% levy on customary values of their imports, as...
President Gnassingbé committed, at the parliament last Friday, to raise the index value of the public administration starting next January.
This is part of various social measures announced by the leader, most of which will be adopted under the next finance bill. The increase is the second after that of 6% in 2013 recorded subsequent to long talks between the government and workers’...
From 20%, the share of public procurements set aside for youth in Togo is now 25%. This was revealed last Friday by President Gnassingbé, at the parliament.
The rise aims at enabling more youth to have access to public procurements. Indeed, on January 3, 2018, the president had committed to guarantee 20% of contracts to local youth and women. However, the move did not bear the results expected...
Togo should produce 152,000 tons of cotton during the 2019-2020 campaign according to the United States Department of Agriculture (USDA). This is 18% more than the country did in the last season.
The whole West African region is actually expected to record an uptrend over the period. The USDA’s expectations align with those of the regional programme for the integrated protection of cotton...
The new Africa Plastic Technology factory recently inaugurated in Tsévié (Zio prefecture) should generate a turnover of XOF123 billion over the next three years.
This was revealed by Kodjo Adédzé, minister of trade and industry, during the inauguration ceremony, on April 25.
In terms of output, the firm plans to make 65,000 tons of plastic over the period concerned with main products being...
The French Development Agency (Agence Française de Developpement –AFD) has granted WAEMU States a subsidy of XOF3.182 billion to improve access to healthcare in the region.
On April 25, the French institution and the WAEMU commission signed the first amendment of the financing agreement for the health insurance expansion program (PACRM) within the Union. The signing thus puts back into motion...
Soon, Togo will have a military clothing and equipment factory. The first stone for this facility was laid by President Faure Gnassingbé himself on Thursday.
Located in Adétikopé (15km north of Lomé), the facility will be built by Canadian firm Logistik Unicorps, which makes and supplies military and industrial clothing and equipment and is active in Australia, Europe and the...
new plastic products plant was inaugurated by President Gnassingbé yesterday. The infrastructure is in Tsévié (about 37km from Lomé), in the Zio prefecture.
Owned by Africa Plastic Technology, a firm based in the same area, the factory cost XOF15 billion. In detail, polyvinyl chloride or PVC tubes (pressure tubes, sheating tubes for telephonic cables, high-density polyethylene pipes for...
On April 25, President Gnassingbé inaugurated in Gbatopé (Zio prefecture), a pineapple processing factory.
Baptized Jus Délice, the facility will help the country process the fruit and make this sector more competitive. More than eight tons of pineapple per day will be processed into organic juice. This output is to be exported to Europe, according to the ministry of agriculture.
Besides...
Togo launched April 23 in Siké-Afidegnon, in the Yoto prefecture, the pilot stage of the “Tomorrow Connected Community” project, a project inspired from Rwanda’s “Tomorrow rural home” project. The new project leverages the technology-energy combo to benefit Togolese communities.
It is steered by BBOXX, just like the CIZO, EDF, mobile operators Togocel and Moov, and power...
On Wednesday, April 24, Togo’s parliament gave its approval for the country’s adhesion to the agreement to create the Africa Trade Insurance Agency.
The country is now set to enjoy the various advantages derived from the agreement. For example, poverty will be reduced, leveraging a partnership with other African countries, multilateral development institutions and private sector.
The Trade...
Yesterday, April 24, President Gnassingbé inaugurated, in the presence of the Chinese ambassador, the new administrative services center provided by China.
Located in the Lomé II area, near the new presidential office, the building which cost XOF18 billion will host three ministries, namely those of health, agriculture and primary and secondary education. Built on a land of about 20,000 m²,...
Togo’s new fishing port, in Gbetsogbe-Baguida (about 10km from Lomé), is officially operational.
It was inaugurated by President Gnassingbé yesterday, as part of activities planned in line with the independence celebrations.
The port was co-financed by the Japan International Cooperation Agency (JICA) and the Togolese State, official sources indicate. The former provided XOF14.46 billion...
Businesswomen in West Africa lose 38% of their profits and 34% of their monthly turnover, compared to their male counterparts. This was revealed in a recent study by the World Bank discussed at the first-ever regional financing initiative in support of businesswomen, in Côte d’Ivoire.
The situation is due to some challenges and barriers preventing women from fully participating in the...
On April 23, 2019, President Faure Gnassingbé inaugurated a new concrete-reinforcing rods factory in Kara, Northern Togo.
The facility which is estimated to have cost CFA4.1 billion spans five hectares in the Kara free zone. Baptized Steel Cube Togo (SCT), it was built by Indian firm HCURE IMPEX LLP. According to Agence togolaise de presse (ATOP), the plant has a production capacity of...
Britain’s exit from the European Union will “significantly affect conditions for access to the British market for developing countries.” This is according to the UNCTAD which however adds that this will have little impact on Togo.
In the related report, the institution indicates that the WAEMU is one of the least exposed regions to the Brexit. The document attributes this to low exports by...