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World’s seventh largest economy, India, plans to open in Togo an embassy by 2021, to increase its diplomatic influence. Besides Togo’s, 17 other similar institutions are planned over the period. Other countries concerned include Burkina Faso, Cameroon, Cape Verde, Chad, Congo, Djibouti, Equatorial Guinea, Eritrea, Guinea, Guinea Bissau, Liberia, Mauritania, Rwanda, Sao Tomé & Principles,...
Last Friday, public treasury ended its first quarter on the regional debt market with its best performance over the period.
Indeed, while aiming to raise CFA20 billion through its last issuance, the country was able to get 21.7 billion, thus a coverage rate of 108.59%.
The Treasury was however only able to absorb just 21.6 billion out of the proceeds and rejected 113.68 million to be exact....
Togo’s government, via its ministry of infrastructure and transports, will rehabilitate about 46km of roads across three of its economic regions. Those are Kara, Plateaux and Savanes.
The works will be financed by the Autonomous Company for Road Maintenance Funding. This is a fund whose sole purpose is to finance road maintenance in the country.
In effect, in Kara, the 41.4 km...
In Togo, tax earnings stood at CFA563.2 billion at the end of the 2017 fiscal year, according to a report on the performance of the public finances’ reform plan.
This is CFA5.3 billion less than in 2016 (568.5 billion) and more than 50 billion less than projections for 2017. Indeed, Togolese authorities had expected to collect 614 billion over the period.
The decrease is mainly attributed to...
The African Solidarity Fund, which provides guarantees for bank and institutional loans, has disbursed so far in Togo up to CFA38 billion. This was disclosed on March 30, 2018, by the ministry of finance, as the 18th administration council of this fund was about to begin.
According to the fund’s managing director, Ahmadou Abdoulaye Diallo, one of the major intervention of the institution in...
In Togo, A FabLab was recently created in the Savanna region last weekend, French radio RFI reports. This is a public facility where computer-controlled equipment and machinery are provided and used to develop projects. “The construction of this high-tech facility in the northern part of Togo was financed by internet users browsing the French search engine Lilo.org,” RFI said....
Togo wants to produce 10,000 tons of certified organic soybean during the 2018-2019 season. This was disclosed last week during a workshop organized by Jonction de Croissance Agricole du Togo (JCAT), the ministry in charge of grassroots development and the programme for the promotion of employment and youth’s insertion in profitable sectors (PAIEJ-SP).
To achieve this volume, the workshop’s...
The measure announced by the Head of State, Faure Gnassigbé, concerning the allocation of 20% public procurements to young entrepreneurs and women was followed by many others, such as
The creation of a Task Force which will determine targeted beneficiaries and markets’ typology
The creation of a single desk for young entrepreneurs/women
The creation of the following...
In Togo, 70% of cases submitted to courts and tribunals are related to land conflicts. To better tackle the latter, the ministry of justice started last Tuesday a workshop dedicated to their settlement.
Subjects discussed at the meeting revolved around five main axes, namely : recurrent legal procedures related to land ; magistrate’s obligations in regards to land conflicts ; legal...
Former deputy director of Orabank Togo, the group’s largest subsidiary, Rose Kayi Mivedor, was just appointed as the new director of Orabank Gabon. She will be replacing Cameroonian Guy Martial Awona who leaves with “satisfying results”.
The Togolese executive was previously managing director of Banque Atlantique and Diamond Bank Togo and spent two years at the head of the Togolese...
Togolese Dr. Edoh Kossi Amenounve, managing director of the Bourse Régionale des Valeurs Mobilières (BRVM) is the new president of AfricaFinLab.
This institution, created March 28, 2018, by Paris Europlace, BRVM (of which Togo is a member) and various other partners, is a brainstorming laboratory aiming to support and promote fintechs in Africa.
It was created in response to the...
Togo’s revenue office (OTR), in the framework of its support to local firms with digitalization process, has launched a training programme on online declaration for medium enterprises. A first meeting was held in this regard on March 19-23, 2018 in the IT room of the customs and indirect taxation office (CDDI in French). Another workshop will take place next April 4th, and closes on April...
Togo’s government is getting ready to officially adopt, next April, the 2018-2022 national development plan (PND 2018-2022), Financial Afrik reported.
The five-year plan which will substitute the accelerated growth and job promotion strategy (SCAPE 2013-2017) whose performances were less satisfying than expected, should enter its operational phase at the beginning of next semester.
The...
Research firm Quantum Global Research Lab, research division of Swiss investment and consulting group Quantum Global, just released the “Africa Investment Index (AII) 2018”. This index ranked African nations based on their level of attractiveness to foreign investments in 2017.
In this edition, Morocco is the number one destination of foreign investments. Togo for its part rose four spots to...
Born from the merging of Togo Telecom’s landline and mobile networks (Togo Telecom and Togo Cellulaire), Togocom Group wants to be the leading provider of internet services in Togo. This comes “after years of poor performances, especially regarding its internet offer, years over which its market shares shrank with the arrival of rude competitors”.
The firm’s authorities plan to achieve...
In Togo, the Programme for Job Promotion and Youth Insertion in Profitable Sectors (PAEIJ-SP) aims to create favorable conditions for a more inclusive economic growth by boosting youth employment and promoting entrepreneurship in the maize, cassava, soy and small ruminants sectors.
To achieve its objectives, “PAEIJ-SP bases its strategy on agricultural value chains and developing...