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Togolese government has just kicked off the Infrastructure and Urban Development Project (PIDU), we learnt. Financed up to CFA16 billion by the World Bank, the project is expected to improve access to basic urban infrastructure. It covers the towns of Lomé, Kara and Dapaong.
In detail, this project set to end in 2023 includes the construction/rehabilitation of road networks, deployment of water...
The forum on clean energy organized by BOAD on the sidelines of its 45th anniversary recently ended. Here, Christian Adovelande, the institution’s head, reviews its actions so far and projections. Togo First : The BOAD is 45-years old. What is your review of its actions so far?
Christian Adovelande : Over the past 45 years, we have financed 1030 projects for CFA5,300 billion...
A hundred thousand direct jobs per year and a million (both direct and indirect) over the next five years. That is the goal aimed at by Togo’s actual government. A laudable objective but is it truly achievable or will this path lead to a white elephant? How do authorities plan to finance this goal? What types of jobs will be generated? Will they be sustainable? Decent? Temporary? These are some...
After Benin, Burkina Faso and Côte d’Ivoire, Togo has also adopted a tax on cashew exports, baptized Cashew Nuts Tax (PNC).
The tax which was established in line with a decree issued on October 3, 2018, amounts to CFA40 per kg of raw nuts and CFA5 for processed nuts.
The fee, perceived by the tax administration, will be transferred to a special account, opened at the Public Treasury, named...
Last Wednesday, Togo’s National Civil Aviation Agency celebrated the Yamoussokro Decision.
Placed under the theme “Plead for Laws Regulating the Yamoussokro Decision, Tools Contributing to the Good Functioning of MUTAA”, this event according to Togo Presse, aims to inform various actors of the civil aviation, about advantages derived from implementing the Yamoussokro Decision and the...
Developed by Schneider Electric and its partners, following an agreement with the WAEMU commission and the African Biofuel and Renewable Energy Company (ABREC), Microsol-UEMOA is a system that helps produce, simultaneously, power and heat for agricultural uses (irrigation, fish farming, drying, processing, pasteurization, etc.).
At the end of a two-day regional meeting to review the...
The West African Development Bank (BOAD) and WAEMU States must prioritize projects focusing on skills transfer, research and development, in regards to clean energy financing. This was declared by Benin’s Minister of Finance, Romuald Wadagni, also Chairman of WAEMU’s ministers’ council, on November 14, on the sidelines of the 45th anniversary of the regional bank.
“I urge BOAD to focus...
The University of Lomé, in line with its objective to become a home of innovation and technology transfer, will soon have an incubator for entrepreneurs with innovative projects.
These entrepreneurs will receive at the facility a tailored technical training, benefit from support of experts as well as from funds needed to bring their ideas to fruition.
The incubator, according to the source...
In line with its goal to become one of West Africa’s leading airport hubs, Togo’s government plans to make the country’s second airport, the Niamtougou airport, “a reference platform for airport logistics, especially for cargo traffic to hinterland countries”.
According to authorities, this will be achieved through the rehabilitation and modernization of facilities as well as upgrading...
Yesterday, Togo’s minister of agriculture, Ouro-Koura Agadazi, officially launched in Lomé a project to improve the system for phytosanitary control and certification of fruits and vegetables in the country.
Valued at CFA478 million, this project boosts existing regulatory and institutional framework related to phytosanitary control and certification of fruits and vegetables in Togo, and aims...
In Togo, under phase 3 of its development, the Lomé Urban Environment Project will rehabilitate and valorize the old landfill site of Agoè-Nyivé, in the periphery of the capital. According to a document released by the project’s carrier, a special delegation of Lomé's township, projected works will cost €6.9 million.
Overall, these will focus on ensuring environmental preservation,...
“In line with a tax relief measure,” Togo’s revenue office (OTR) will “offer special conditions at the end of this year”. This, the institution disclosed in a statement published last week.
In effect, OTR will allow reduction of up to 45% of customs value, in some cases, for used cars and clearance of goods.
This offer will be valid until December 31, 2018. Through this promotional...
In Togo, the program which aims to boost youth employment and insertion in profitable sectors (PAEIJ-SP) plans to train 350 new entrepreneurs in business management and 250 others in agricultural entrepreneurship and business plan development.
The ministry in charge of the program plans through this training to spark in young people, the desire to take care of themselves via agricultural...
CRRH just issued a CFA30 billion bond to refinance housing loans provided by its shareholder banks in WAEMU countries.
Valid until November 20, 2018, the bond, the eighth issued by CRRH-UEMOA, is divided into two tranches : “CRRH-UEMOA 5.95% 2018-2030”, valued at CFA25 billion, with a yearly interest rate of 5.95% and 12-year maturity period ; and the second, “CRRH-UEMOA 6.05%...
In 2017, cotton exports generated CFA57.9 billion, their highest level since 2012. This represents a 27% increase compared to the previous year.
It is mainly attributed to a rise in global prices paired with a surge in exported volumes. In detail, while prices grew 9% over the period reviewed, Togo exported 47,900 tons of cotton last year, thus 11 tons more than in 2016, according to data...
On November 19, 2018, Togo’s national statistics, economic and demographic institute (INSEED) will complete a survey, started last October 18, on living standards of households that benefit from the money transfer program launched by the ministry of grassroot development in 37 selected prefectures.
The survey falls under the Social Nets and Basic Services Project (FSB) launched by the National...