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In Togo, accounts of public institutions, funds and public organizations subsidized for the 2018-2020 period will be audited. To this end, the State has launched a call for expression of interest to hire a consulting firm to lead the process.
Audits planned will help assess how the targeted entities use their funds and determine if this utilization meets public accountability standards....
Togo will next Friday once more make a move on the regional market, to raise CFA20 billion. This follows a good performance it recorded at the end of July when it raised CFA57.49 billion, via a simultaneous issuance, while seeking CFA50 billion.
Agence UMOA-Titres and Togo’s public treasures announced through a tender launched on August 10, 2018, that CFA20 billion worth of fungible treasury...
REDD+ stands for Reduction of Emissions from Deforestation and Forest Degradation. This program rewards developing countries that adopt measures to increase their forest cover in order to help these nations increase their carbon-storing capacity and better fight global warming.
On August 13, 2018 in Lomé, under the supervision of the ministry of environment and forest resources, REDD+...
The current three-month data collection program targeting businesses in Lomé has been extended by a “few weeks more”, according to a joint statement issued by three ministries including the ministry of economy and finance.
The program which aims to identify registered and unregistered businesses was initiated by the ministry of finance via Togo’s Revenue Office (OTR) in order to update...
Togo’s parliament adopted at the end of last week two bills to fight illicit trafficking of cultural property.
The first bill allows the ratification of the convention that concerns measures to take to ban and prevent illicit import, export and transfer of cultural property; a convention adopted on November 17, 1970, in Paris.
The second bill greenlights Togo’s adhesion to Unidroit’s...
Victoire Tomégah-Dogbé : “Young people need to be reassured and for that they need dedicated spaces”
Last Friday, Togo’s minister of grassroot development, craftsmanship, youth and youth employment, Victoire Tomégah-Dogbé met with various media including Togo First. This was ahead of the International Youth Day, held every August 12th, and which this year was themed “Safe Spaces for Youth”.
Togo First: Why did the United Nations decide to celebrate the International Youth Day?
Victoire...
Between 2006 and 2015, Togo received $3,283.54 million of official development assistance (ODA), with an inter-annual variation of $147.53 million. This was disclosed in the ODA report presented on August 9, 2018.
Over the same period, the report states that ODA rose from 3.9% in 2006 to 5.5% in 2015. Meanwhile, debt level decreased significantly from 67.49% to 25.6%.
Looking at...
Togo’s National Agency for Volunteering (ANVT) will allocate to national volunteers all over the country a total of CFA150 million every year to finance health insurance for them and their family members (partner and minor children).
The scheme was launched August 9, 2018 in Lomé by ANVT. In addition was signed a convention for social coverage, by ANVT’s director, Omar Agbangba, and Miriam...
Youth Competency Development Center (Youth CDC), launched its Certificate in Development of Innovation Companies (CDIC) in Togo.
According to the press statement that disclosed the information, the top-class certification is a reference tool that will enable the recognition of people with the potential to create, lead or work in a start-up. It will help tackle various entrepreneurship-related...
Noel Bataka, Coordinator of value chains of Mifa (incentive mechanism for agricultural financing) visited last Tuesday three of the eight sites selected in the framework of the project’s pilot phase.
The visit’s purpose was to assess progress made under the mechanism’s implementation as well as meet with farmers and agricultural advisors.
The three sites visited were those of Kovié, Agou...
At the close of June 2018, Togo’s government launched a new national electrification strategy for the next 12 years; a strategy backed by major lenders under which authorities plan to provide power to all Togolese by 2030. In this interview with the minister of energy, Marc Ably-Bidamon, more details are provided regarding the electrification strategy which is one of the key axis of Togo’s...
Initiated by Brazil, the Coton 4 + Togo project aims to provide producers and other actors of Togo’s cotton sector with key information and quality training.
Since it was launched, more than 500 Togolese farmers have benefited from the project and had their skills regarding improved seeds cultivation techniques strengthened. This was disclosed on August 6, 2018, during the opening of the third...
Last Friday during a ministers’ council, Togo’s government adopted a new five-year roadmap which is the 2018-2020 National Development Plan (PND 2018-2020 in French). The document will replace the SCAPE which helped the nation initiate deep economic transformations, such as modernizing infrastructures.
Major projects
The PND aims to make Togo an economic reference in West Africa. It results...
Held on August 3, 2018, under the supervision of Faure Gnassingbé, Togo’s president, the ministerial council issued a decree for the creation of a national committee coordinating activities against money laundering and the financing of terrorism (CONAC).
The creation of CONAC, which is to replace the interministerial council supervising the anti-money laundering and the financing of...
On August 3, 2018, during the ministerial council, Togo enacted four draft bills aimed at the development of the air transportation sector.
The first bill authorizes the ratification of the air transport agreement signed on April 7, 2015, by Togo and the United States in Lomé. With this agreement, which is one of those new generation ones called “open sky agreements”, the two countries will...
On August 2, 2018, in Lomé, Togo’s trade and private sector’s development ministry, in partnership with BCEAO, kicked off the national launch of a scheme, aimed at supporting the financing of WAEMU’s SMEs and SMIs.
Initiated by BCEAO, “ Dispositif Pme”, which should be implemented in each of WAEMU member countries, is aimed at setting an ecosystem favorable to SMEs’ funding...