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Yesterday in Lomé, the first stage of a battery of training workshops dedicated to financial inclusion that will be organized over the whole country was launched.
This was done by Prince-Agbodjan, representative of Mazamesso Assih, State Secretary in charge of financial inclusion and the informal sector. On the occasion, he said the training is essential to teach Togolese how to manage...
A Togolese delegation is currently in Paris where it is attending the International French Travel Market Top Resa. The mission of this delegation which regroups representatives from the ministry of tourism, hotels, travel agencies, and Miss Togo 2019, is to boost Togo's visibility on the French market and attract more French tourists to the country, according to the Togolese Ministry of...
On Tuesday, the Togolese Revenue Office (OTR) launched a fair to "facilitate registration and customs clearance formalities for bikes not yet registered but in use in the country."
According to the related communiqué signed by the OTR's head commissioner, Philippe Kokou Tchodié, a reduction of 45% is granted on the customs value for all types of bikes.
The document, however,...
During their most recent session on October 1, 2019, Togolese deputies discussed security issues impairing air transport and services, as well as the Single African Air Transport Market (SAATM).
The parliamentarians adopted two ratification projects. The first is the protocol to amend the convention on offenses and certain other acts committed on board an aircraft (Montreal, April 4, 2014), to...
Spurred by new reforms, the number of businesses created in Togo over the first 8 months of this year were up 7% compared to last year, over the same period. Indeed, data from the Center for Business Formalities puts this figure at 9,895 between January and August 2019, against 9,205 in 2018.
The trend should be sustained given economic recovery and the various measures implemented to...
A consultant is being sought after in the framework of an investigation to assess the level of utilization of ICTs in Togo and how beneficiaries of the WARCIP perceive the project. According to a document from the ministry of the digital economy, the related call for expression of interest will close next Friday.
The hired consultant will collect from the surveyed population their...
On Sept.30, the Lomé City project was effectively launched after an experimentation phase.
The tool, a digital directory, is available on Play Store, on the project's dedicated website (www.lome-city.com) and its Facebook page. It aims to "serve as a compass for the people of Lomé, as well as a reference among other local guides," according to Osspiss Ogname, its...
After Burkina Faso, the delegation from the Alliance for the Promotion of the Port of Lomé (A2PL) was in Mali last week, in the framework of its mission to promote the infrastructure across the Sahel. Talks took place between Sept. 25 and 30 at the Chamber of Commerce and Industry of Mali (CCIM).
On this occasion, Remy Moevi, Vice President of Togo's Chamber of Commerce and Industry...
In Togo, a digital campaign has been launched to identify and formalize business owners operating in the informal sector. The campaign which is on Twitter is led by the State Secretary for financial inclusion and the informal sector and the Delegation in Charge of the Informal Sector's Organization (DOSI).
In the framework of the campaign, Togolese twitter users are urged to, using the...
Last Monday, Lomé hosted a two-day meeting where various ministers and experts discussed issues related to accessing decent and affordable housing for populations living in the West African Economic and Monetary Union (WAEMU).
The meeting was organized by the Caisse Régionale de Refinancement Hypothécaire (CRRH-UEMOA), with the World Bank's support.
It was placed under the...
Lomé-based Ecobank Transnational Incorporated (ETI) was the first bank listed on the Lagos stock exchange by turnover in the first half of 2019.
According to Ecofin Agency which relayed the information, ETI declared a gross income of N405.2 billion (XOF673.67 billion) for the period. The group thus outstripped Zenith Bank (N331.5 billion) and Access Bank (N35.5 billion).
ETI's...
Authorizing officers and accountants of public entities are currently attending a workshop in Kpalimé to better collaborate toward the effective implementation of reforms aimed at improving public finance management. The workshop was launched yesterday by Kossi Toio, cabinet director of the minister of finance.
In detail, it (the workshop) is dedicated to the public accounting and...
Nina, a firm which makes wigs, weaves and hair extensions will re-open next month after nearly 17 years. The information was disclosed by a credible source.
While this is not the first time the company is supposedly re-opening, this time, it has, according to the source, started hiring 200 employees.
The reopening aligns with the second axis of the 2018-2022 national development...
Seven West African countries (Senegal, Gambia, Guinea Conakry, Sierra Leone, Liberia, Ghana, Benin, and Togo) will benefit from a XOF6 billion project to reinforce mangrove ecosystems. According to Agence de Presse Sénégalaise which disclosed the information, the regional project was launched at the end of last week by the EU representation in Senegal.
This is a 4-year project that will...
Togolese authorities hope to collect up to XOF773.5 billion of tax revenues by 2022.
In detail, the country aims to "reach XOF678.4 billion, 723.3 billion and 773.5 billion in 2020, 2021, and 2022 respectively." The average growth over the period should thus be 6.8%. To achieve these numbers, the government plans to implement various tax reform programs.
The increase in tax...
Togo is one of the top countries to have improved its business climate the most in the past 12 months. Indeed, the country is featured with four other African countries on a shortlist, released by the World Bank, ranking the 20 economies that have improved their business climate most in the past 12 months.
The list was released yesterday, ahead of the Doing Business 2020 which will be...