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Presently, registration of used cars in Togo is done in a day, as against many days with tedious procedures in the past. Indeed, currently, someone that buys a used car can get his or her registration card and license plate within 24 hours only.
The news was announced by the IT unit of the Road and Railway Transport Office.
In the framework the new measures, buyers will have to complete...
International Monetary Fund (IMF) has recently approved the disbursement of $35.6 million (CFA19,761 million) to Togo, according to a statement released by the institution.
The disbursement falls under an agreement reached last May, between the Togolese government and the Bretton Woods institution, also under an extended credit facility amounting to $241.5 million (CFA134,067.22...
In Lomé, Togo, experts from the ministry of trade, private sector promotion and others from the International Trade Center are working to validate a feasibility study related to the creation of a national agency for the promotion of exports and investments.
Actually, the parties involved are looking at, not only, conclusions and recommendations made by the committee steering the project but...
To fight fraud and tax evasion, and boost tax transparency in Togo, the Global Forum on Transparency and Exchange of Information for Tax Purposes has teamed up with Togo’s Revenue Office (OTR).
Under the partnership, emphasis will be put on information-sharing between tax services and assessment of two international standards also: information-sharing on demand between tax services and...
Oragroup has officially opened in Lomé a trading room destined for the regional, and likely international market.
Present in 12 countries in Western and Central Africa, Oragroup, through this move, shows its will to be a reference of exchange markets in the monetary zones where its subsidiaries operate. This, in addition to playing a key role in the dynamization of the State securities...
The Togolese government has allocated the High Authority for Prevention and Fight against Corruption and Related offenses (HAPLUCIA) a budget of CFA300 million under the amended finance law passed in November 2017.
Established by the law n°2015-006 of July 28, 2015, HAPLUCIA exists to promote and boost prevention and fight against corruption and related offenses in administrations, public...
Togo’s government will invest FCFA63 billion in the creation of its first agropole in the Kara basin, Northern Togo.
The initiative is one of the major projects falling under the New Agricultural Policy Note which was drawn and adopted in December 2016 by the government.
It aims to boost agriculture’s trade balance by 25%, tackle food insecurity and reduce poverty rate in rural areas to 27%...
From now on, Togolese startups will be able to receive loans from the national agency for the promotion and guarantee of funding for SMEs and SMIs (ANPGF).
The state-agency whose stones were laid in 2008 by the government wishes to play a catalytic role in the development of SMEs and SMIs, solving the issues that they often face.
“Our vision is to regroup all banks around our agency so...
According to the latest results of a survey conducted by the National Employment Agency (ANPE) and GIZ, covering six cities in Togo, 75% of the population surveyed (18,000 individuals) operate in the informal sector.
The study which covers the towns of Tsévié, Kpalimé, Atakpamé, Sokodé, Kara and Dapaong revealed that 94.3% of the targeted population operates alone while 4.3% have at...
Togo’s public administration has many shortcomings including: insufficient labor, inadequacy between profiles and positions occupied, aging staff or low skills. This was revealed by a study released on December 12, 2017, by the Togolese government.
In addition to the above-mentioned challenges, the study also mentions the absence of skills and human resources management.
Looking...
The Togo revenue authority (OTR) and the High Authority for the Prevention and Fight against Corruption and Related offences (HAPLUCIA) reasserted their determination to eradicate corruption at an exchange meeting between actors involved in this battle, last December 9th, on the international Anti-Corruption day.
Kodzo Adedze, interim commissioner general of the OTR, said that by celebrating...
Since last December 8, tariffs for technical inspection were reduced with immediate effect.
According to a statement of the Société Togolaise des Plaques – Contrôles des Engins et Véhicules Automobiles (SOTOPLA-CEVA), tariffs revised are:
For light vehicles used as taxi and passenger transport vehicles, CFA1500 (tax included) per quarter instead of CFA2200.
For light private and...
In 2016, Togo’s share in WAEMU’s total good exports (outside member-States) soared by 0.9% compared to the previous year. This was revealed in the BCEAO’s latest report on external trade within the community.
According to the report, Togo was more resilient to the drop in global commodity prices than its neighbor Benin whose good exports plunged significantly since 2014. It also fared...
Explaining why he often excludes local construction firms from call to tenders for construction projects, René Kapou, managing director of the Public Markets Regulatory Authority (ARMP), said that in the absence of an assessment and certification framework within the construction sector, he cannot prejudge of their ability to carry out the projects.
To tackle this challenge, which is denounced...