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In Togo, the autonomous center for capacity-building and studies to promote growth (CADERT) launched on May 2 a workshop on crowdfunding and networking regrouping twenty young entrepreneurs.
Organized in partnership with the national coalition for youth employment (CNEJ), the workshop aimed at teaching participants about alternative funding means and about best practices to harness those.
This...
On April 29-30, a meeting relating to the issue of demarcation between Ghana and Togo’s maritime borders was held.
“So far, very little progress has been made because we are yet to discuss the quintessence of this issue concerning our maritime borders,” said Stanilas Baba, president of the high council for the Sea and member of the team in charge of negotiating with the Ghanaian...
Though agriculture is its main driver, Togo’s economy is tertiary not primary, according to data compiled by Togo First and dating from 2015.
In the country, services contributes 59.1% of gross domestic product (GDP) which is estimated at XOF2,935.7 billion (nominal GDP at market prices), shows provisional data released by the BCEAO end-April.
Also, while it has been contracting since 2016,...
Jus Délice, the recently inaugurated pineapple juice factory in Gbatopé (35km from Lomé) intends to get the ISO 22000 certification.
The information was disclosed by the minister of Trade, Kodjo Adédzé, who indicated that measures should soon be taken to this end.
The certification is an international agrofood standard and would help Jus Délice’s output easily be exported to the...
President Faure Gnassingbé will attend the 2019 Annual Debate in London next June 5. Togo is partner-country of the event and its leader was invited as main host.
The theme for this year’s edition, the fifth, is: “challenges to sustainable growth and improving life standards.” It will be an occasion for the Togolese president to showcase the 2018-2022 national development plan.
Organized...
In addition to institutional mechanisms and private initiatives existing, Togocom and the PNUD plan to create incubators based on the Rwandan Klab model. The move aims at boosting employment and fostering entrepreneurship.
“Productive” talks took place last Tuesday between Aliou Dia, PNUD’s resident representative in Togo, and Affoh Atcha-Dedji, director general Togocom.
According to Dia,...
Last week, Togo’s national social security fund (CNSS) signed with Hôpital américain de Paris a convention under which the latter will manage the Saint Pérégrin hospital whose construction began about two months ago. The agreement was signed by Ingrid Awadé, Director CNSS, and Robert Sigal, MD Hôpital américain de Paris.
Let it be noted that St Pérégrin will in line with the deal...
In the last 25 years, the West African Economic and Monetary Union (WAEMU) injected more than six billion CFA in Togo’s agricultural sector. The figure was obtained from data released by the representative resident of the WAEMU commission, Assoukou Raymong Kripeu, and other data compiled by Togo First.
According to the commission’s representative, out of the sum mentioned, 3.6 billion was...
For the third consecutive campaign, Togo’s grain output has risen, according to data released by the Inter-States Committee to Fight Drought in Sahel (CILSS).
Spurred by favorable weather conditions, grain production in 2018-2019 rose 3% compared to the previous season. It stood at 1.339 million tons. This trend spread to the whole West African Economic and Monetary Union (WAEMU) with Burkina...
To provide Togo’s private sector with more performant tools and means, a two-day workshop was started April 29, 2019 in Lomé. In effect, the workshop assesses a strategic document to revitalize this sector.
This strategy will serve as a macroeconomic monitoring guide for actions aimed at fostering the private sector, said Kodjo Adedze (photo), minister of the private sector. It will list...
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...