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Soon, a mobile-based service will allow Togo’s population to a have continuous access to drinking water. This solution was developed under SOFIE, a program aimed at enabling populations to rapidly signal any failure of water wells. This would in turn ensure a better management of the wells.
In this regard, the government has put in place with its development partners, a large program for the...
By 2030, Togo plans to acquire 300 mini-grids, in the framework of its rural electrification program.
So far, four of the mini-grids have been installed. The solar systems will, according to reliable sources, help the country achieve universal access to power by 2030.
Other initiatives aligning with this goal include the CIZO presidential scheme. The latter has already provided access to power,...
Last year, in April, Sète’s customs, in south eastern France, ceased 24.6 tons of automotive waste headed to the Port of Lomé. This is revealed in the latest report of France’s customs.
While conducting a routine inspection of two semi-trailers headed for Africa, custom officers noticed that the “vehicles’ refuse skips were not empty as declared but instead full of automotive waste...
After introducing many young entrepreneurs, all over the country, to opportunities provided by the new tax code, the national agency for funding promotion and guarantee (ANPGF) now wants to give them solutions that may help their businesses thrive.
At the upcoming “Mercredi de l’Entrepreneur” that will be held March 13, a training session on the best “strategies and techniques to revive...
Last year, Air France KLM’s performances in Africa slumped.
Flight tickets across the continent decreased to €1.12 billion in 2018, from €1.17 billion the year before. Similarly, the airline’s revenues from flights to sub-Saharan African countries was down €120 million compared to 2017.
While the carrier failed to provide more details about its poor performances in...
Togo’s national agency for agropole promotion and development (APRODAT) seeks a consultant for the operationalization of the agricultural transformation project (PTA-Togo). The latter is financed by the African Development Bank (AfDB).
The selected consultant will be providing the agency a guide on administrative, financial and accounting, and public procurement procedures. In addition, it...
To better identify the needs of financially vulnerable households in need of public aid, a unified social registry (RSU) is at its operationalization stage. These tools should help better target vulnerable households and individuals, across of all Togo’s regions, for the various ongoing social projects.
The initiative which was developed in partnership with the World Bank was presented during...
This year, the Togolese government expects non-tax earnings to amount to CFA73 billion, in line with its 2019 budget forecast. Compared to 2018, the new forecast is three billion lower.
In 2019, Togo hopes to collect CFA27.3 billion in dividends on its financial participations. Mining and phone royalties should amount to CFA2 billion and CFA15.5 billion respectively. The rehabilitation of the...
In Togo, notaries reviewed their fees for direct property sales and property transfers. This was decided during the extraordinary general assembly of notaries held last Jan. 31, in Lomé.
The new fees were set based on the property’s value, instead of degressive rates used previously.
“In the past, this rate was degressive and for properties worth more than sixteen to twenty million CFA...
BBOXX, first operator active on the CIZO project in Togo, just raised more than six million euros through a crowdfunding arranged with Trine, a service that carries out sustainable investments in solar energy.
Sources close to BBOXX reveal that in Europe, 4,400 single investors took part in the crowdfunding, investing an average of €500-€600.
BBOXX’s goal is to “speed up...
In Togo, four new solar power plants are expected to be developed by 2025. The infrastructures which will each have a capacity of 30MW will help boost access to power in rural areas.
The plants’ installation aligns with the government’s goal which consists in ensuring that renewables contribute 50% of national energy mix, by 2030. The project falls under the “Solar Program”, in the...
This year, the value-added tax (VAT) should yield CFA269 billion in revenues for the Togolese economy. This represents 40% of tax earnings expected throughout the year.
Compared to 2018, this amount is 6% lower than the forecast for VAT revenues. Indeed, the government, in its June 2018 mini-budget expected VAT revenues to stand at CFA286 billion (128 billion for internal VAT and 158 billion for...
German basketry firm Hansen Korbwaren, will help Togo professionalize and improve its skills in this sector. This, it will do under a partnership reached with Togo’s chamber of commerce and industry (CCIT).
“We will provide the Togolese people basketry trainings in order for them to perform this work more professionally,” said Johannes Hansen, who led a delegation from the German company...
Last year, women and young entrepreneurs captured CFA10 billion worth of public procurements. This results from a presidential measure announced in 2018 to provide 20% of all public procurements to this group of individuals.
The figure was disclosed by Victoire Tomégah-Dogbé, who heads the task force in charge of public procurements in Togo.
The amount captured, though substantial, is far...
To raise funds needed for its 2018-2022 National Development Plan’s implementation, Togo signed with Ecobank a partnership agreement.
The agreements were signed by Sani Yaya, Togolese minister of economy and finances, and Ade Ayeyemi, Head of Ecobank Group. Present at the signing were important African financial and diplomatic figures. These include IFAD’s Director General, Gilbert Houngbo,...
Today, President Faure Gnassingbé officially launched the 2018-2022 National Development Plan. Present at the launching ceremony were eminent figures such as IFAD’s President, Gilbert Fossoun Houngbo, Benin’s former Prime Minister, Lionel Zinsou, ETI group’s Managing Director, Ade Ayeyemi, Togolese Economist behind the “Entreprendre à Zéro Franc” concept, Samuel Mathey, and French...