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The Bourse Régionale des Valeurs Mobilières (BRVM) listed last Friday Togo’s 2018-2023 6.90% TPTG bond.
Issued between December 20, 2017 and January 20, 2018, the transaction arranged by Sogebourse, and Socété Générale Togo. It helped Togo raise nearly 61.8 billion CFA, while it initially aimed for 60 billion. This represents a 103% coverage rate. According to the government, the...
In Togo, the Initiative for Better Transparency and Governance in Extractive Industries (ITIE), via its technical secretary, has made some recommendations to improve the industries’ performance.
The secretary suggested automatic release of relevant data to let people properly interpret those, hence initiate appropriate talks, when needed. Though this is already done with declarations made at...
Togo’s chamber of commerce and industry (CCIT) will be in Shanghai, China, from November 5 to 10, 2018. There, it will attend a fair where it will showcase local agro-industrial products, with a group of economic operators active in the sector.
CCIT’s chairman, Germain Mèba, said while making the announcement: “We will not only position ourselves as importers, but exporters also. We will...
On the sidelines of the 58th anniversary of Togo, President Faure Essozimna Gnassingbé launched the Togo Incentive-Based Risk Sharing System for Agricultural Lending (TIRSAL). This is a project aiming to boost agriculture and agro-industry. It will help producers and entrepreneurs to secure funds from banks, which so far had been reluctant to do so.
In this framework, the government launched a...
Togo still has much to do regarding property transfer, according to the Doing Business. This indicator, holds a significant place in the various reforms that the country started implementing since the beginning of the year to improve its land management. This include reducing delay and fees for land registration, creating a special office, among others. The measures were lauded by the AfDB in its...
Spurred by the economic and business exchanges (whose second edition has just ended in Lomé), trade between Togo and Senegal has been significantly boosted.
“Before the business days, trade between our countries was estimated at $3-4 billion. Now, it is $8 billion”, says Daouda Thiam, president of Senegal’s chamber of commerce, agriculture and industry. So, since the first...
In the framework of the project to support agriculture sector (projet d’Appui au Secteur Agricole-PASA), government disbursed CFA1.2 billion to support the husbandry sector. The project falls under the national program for investment in the agriculture and food security sectors (Programme National d’Investissement Agricole et de Sécurité Alimentaire- PNIASA).
This was revealed by an...
Adoyi Esso-Wavana Ahmed (photo), tax commissioner of the Togolese revenue office (OTR), product of the merger between tax and customs in 2014, provides an insight on various measures undertaken by his administration as well as upcoming ones. OTR has considerably helped boost the country’s tax earnings, recalling that these were barely above CFA400 billion in 2013.
Togo First :...
Among reforms implemented by the business climate cell to make Togo’s business environment more attractive, there is the reduction of cost for construction permit.
The National laboratory for Construction and Public Works (LNBTP) has indeed in January 2018, the 10th, reduced cost for soil survey from CFA900,000 to CFA350,000, before building a warehouse. Subsequently, construction permit’s...
At the end of 2017, Lomé’s court of first instance created commercial courts to handle minor conflicts involving sums ranging between zero and one million cfa.
Via the decree n° 2699 I2OI7, the president of Lomé’s court appointed two magistrates to oversee these cases. This is to ensure they are rapidly processed.
The decree states that related hearings will be taking place every...
DNCMP has released a note listing requirements that will be alleviated in the framework of the reform to provide 20% of public procurement to youth and women in Togo.
The document said that in regard to the requirement for a guarantee and a proof of financial ability, youth desiring loans will be backed by the national agency for the promotion and guarantee of financing for small and medium...
During the second edition of the Senegal-Togo economic and business days, Germain Mèba, president of Togo’s chamber of commerce and industry, and Daouda Thiam, his peer from Senegal, signed an agreement to reinforce the economic and commercial relations between the two countries.
Under the agreement, the two nations promised to improve their respective business climate, to attract more...
The Technical Secretariat for Transparency in Extractive Industries initiated a forum which began May 16 in Lomé to discuss ways to achieve transparency and accountability in mining industries, in Togo.
According to Didier Kokou Agbémadon, recommendations that will stem from the meeting will enable relevant services to better adapt mining governance to local realities. This comes after 8...
Japan International Cooperation Agency (JICA) will invest around CFA1 billion in a project to connect IT systems of Burkina and Togolese customs. The project aims to shorten time spent at the two nations’ customs office, while crossing their shared border; in addition, it should prevent issues on the road.
The project’s main goal is to facilitate trade, especially transiting of goods between...
Togolese firm Jus Délice just raised from Moringa fund €2.6 million (CFA1.7 billion) making it the third largest African investment of the fund ever.
The firm will use the monies to produce top-quality natural (organic) pineapple juice. It targets the Europe which represents more than 50% of global consumption for organic healthy juices. This market is expected to grow by about 10%...
Under the Threshold program of the Millennium Challenge Account, Togo should have started implementing various reforms in its land and ICT sectors. This, backed by a $35 million financing.
However, newspapers L’Union pour la Patrie, revealed on May 15, 2018, that the prerequisite for the program’s effective launch, which is the adoption of a new land code, has not been...