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In Lomé, a local products’ market was just launched by Togolese organic producers. The market is located at the FAO place and will open every Friday.
The initiative was led by Togo’s agricultural products processors cooperative (COTPAT), and various associations such as the Young Agricultural Entrepreneurs Forum (FOJEA) and Espace Vivi-Fruits. It emerged from the fact that farmers and...
Since 2016, major companies have been able to declare their taxes online, on the website of the Revenue Office (OTR). In January 2017, it was the turn of small and medium enterprises (SMEs) and 400 of those were actually recently trained to e-declaration, last March to be exact.
This move, let’s emphasize, aligns first with the OTR’s will to make it simpler for Togolese firms to declare and...
On May 22, 2018, the Maritime Professions Institute (I2M, standing for Institut des Métiers de la Mer in French) opened its doors. The institute which is at the University of Lomé will train individuals to port-related professions.
According to authorities, creating the center aims mainly to provide the Port of Lomé and firms active in the maritime industry with qualified personnel,especially...
Property transfer delay was at eight days average over the first quarter of 2018. This is against 20 days a year earlier. The reduction results from efforts made by Togolese authorities to improve business climate and attract more private investments.
In detail, this delay was at 9, 7 and 10 days in January, February and March 2018 respectively. The average for the period exceeds the expectation...
Saham Assurance Togo, subsidiary of Moroccan group Saham, dethroned Ivorian NSIA, as the first non-life insurer operating in Togo, in terms of turnover, Financial Afrik reported.
Indeed, last year, Saham recorded a turnover of 8.55 billion CFA, a 16% increase compared to 7.37 billion in 2016. For its part, NSIA recorded a turnover of 7.68 billion CFA in 2017 (+3% compared to...
In Togo, the team in charge of the Project to Boost Youth Employment (PAEIJ-SP) launched a call for proposals targeting the regions of Kara and the Savannas, in the North.
The call aims at picking 400 individual entrepreneurs able to develop projects in agro-industrial clusters established under the PAIEJ-SP.
Eligible projects are related to husbandry and animal production, with a focus on...
Since March 2018, about 600 limited liability companies (LLCs) were established by private deed, in Togo, according to a Business Climate Cell’s memo. This represents 85% out of a total of 704 LLCs established in Q2 2018, the document reveals.
This helped economic operators save CFA175,000 average while establishing their firm. Compared to Q2 2017 when 312 firms were established this...
ASKY, The Pan African Airline, is pleased to announce the start of daily flights between LOME, ABIDJAN, ACCRA and LAGOS from June 15, 2018 according to the schedule below in UTC:
Schedule for LOMÉ-ABIDJAN-ACCRA v.v
Days
Origin
Departure
Arrival
Destination
Daily
LFW
1320
1435
ABJ
Daily
ABJ
1515
1620
ACC
Schedule for ACCRA -ABIDJAN- LOMÉ v.v
...
From July 27 to August 6, 2018, Togolese entrepreneurs will be at the Centre Togolais des Expositions et Foires (CETEF), in Lomé, for the third edition of the “Made in Togo” fair.
On this occasion, entrepreneurs, producers and artisans from Togo will be able to showcase their work, and themselves also. This is to boost consumption of local products.
In this regard, sales of products...
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...