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Only goods that come to the Port of Lomé by sea and declared as transit bound for Burkina Faso, Mali, or Niger will benefit from the suspension of the statistical levy. The Togolese Revenue Office (OTR) disclosed the news on February 19, 2024.
This levy, applied to imports and exports, finances the country's statistical activities, including data collection, processing, and dissemination of...
The 228 Code Challenge, an open coding contest for Togolese coders, is on. The Togo Digital Agency launched the competition on February 24. It ends on March 4.
The challenge is backed by the Ministry of Digital Economy and Digital Transformation and GIZ Togo (through its Digital Transformation Project or ProDigiT).
Contestants will compete for a wide range of prizes, including a laptop, a...
Togo is launching its second network of reading and cultural animation centers. This second network regroups eight centers, against 12 for the first. The Organisation Internationale de la Francophonie (OIF) financed the latest network with €700,000. The OIF and Togo signed the related agreement in December 2023.
Details about the project were disclosed last week, by Cyriaque Noussouglo,...
Atakpamé should get a new active technical landfill next month. The project is 95% complete, according to the Minister of Water and Rural Hydraulics, Yark Damehane. The official recently visited the site.
"The supervising office (ed. note: in charge of the project) gave us some explanations and set up the completion deadline on March 11, 2024,” Damehane said after visiting the town. Atakpamé...
Togo exported CFA102.6 billion worth of goods to its neighbors of the Economic Community of West African States (ECOWAS) in Q4 2023.
Meanwhile, its imports from ECOWAS States amounted to CFA49.6 billion according to data from the National Statistics Institute of Togo (INSEED). This translates into a trade surplus of CFA53 billion, primarily driven by its re-export activities from the...
The U.S. and Germany launched on 22 February 2024 a mechanism to curb the rising instability in the West African region, from the Sahel to the coastline. The mechanism, the Coastal States Stability Mechanism (CSSM), was launched in Lomé, Togo.
In Togo, the mechanism supports the Emergency program for the Savanes region (PURS). The latter is a State-led program covering the...
For its next issue on the WAEMU market, Togo targets CFA35 billion. Lomé will issue, simultaneously, fungible treasury bonds (OAT), and fungible treasury bills (BAT).
Both securities have respective nominal values of CFA1 million (BAT) and CFA10,000 (OAT). The former mature over 182 and 364 days and have multiple interest rates. The latter mature over three years at a rate of 6.15% per...
Worldwide, 20 countries are forecast to experience the strongest economic growth this year. Eleven of them are in Africa, and Togo is one of them. This was recently disclosed by the African Development Bank Group (AfDB) in a report titled "Macroeconomic Performances and Prospects of Africa". Togo, according to the report, could record a growth rate of 6% in 2024.
The ten other African...
The partnership between the World Health Organization (WHO) and Togo grew significantly between October 2018 and February 2024. Fatoumata Binta Diallo, Resident Representative of the WHO, made the statement on February 20, at the end of a meeting with Faure Gnassingbé, President of Togo.
Among other achievements, the WHO, according to Binta Diallo, has helped improve Togo’s health system, as...
Togo’s biggest export destination in Q4 2023 was India. In value, the exports to the Asian giant amounted to CFA80.1 billion. Quantity-wise, they represented 31.3% of Togo’s total exports over the quarter reviewed.
Burkina Faso followed India, with a share of 8.4% and a value of CFA21.6 billion. Next was Mali (7.4% for CFA19 billion).
France, the USA, and other neighbors...
Togo's...
The city of Doha, in Qatar, currently hosts the 2023 International Horticultural Exposition or Expo 2023. Togo was allotted February 17th during the event to showcase its assets in the horticulture sector.
On that day, Comlan Nomadoli Yakpey, representing Togo’s Minister of Trade and Craftmanship, Kayi Mivedor-Sambiani, pointed to Lomé’s efforts to improve agricultural productivity while...
Exports from Togo earned the country CFA256.4 billion in Q4 2023. The data was disclosed by the National Data Institute, INSEED.
Main export products
Over the period reviewed, "Petroleum oils or bituminous minerals" were the main exports. They generated CFA69 billion and represented 27.0% of quarterly exports.
"Natural calcium phosphates, natural alumino-calcium phosphates, and...
The Autonomous Port of Lomé (PAL) won the West African award for good corporate governance from Prudence Finance Solution (PFS) last week.
The award recognizes the PAL's commitment to social, financial, and security governance and risk prevention within the port platform.
According to Sylvie Acqueburu, president of the award's organizing committee, "This award is a tool for questioning and...
Victoire Tomegah-Dogbe, Togo’s Prime Minister, participated in the 37th African Union (AU) Summit held in Addis Ababa last week. The summit covered many important topics, such as the implementation of the AU’s 2063 Agenda, and Africa’s position on the global chessboard.
Victoire Tomegah-Dogbe also took part in a side event focusing on the potential of green wealth in Africa. Talking...
The ministers of foreign affairs of Togo and Turkey held a meeting in Germany last week. This was on the sidelines of the Munich Security Conference.
The officials reviewed the relationship between their respective countries, and how it has progressed since the Turkish President visited Lomé in October 2021.
The two foreign affairs ministers also looked into ways to bolster the...
Togo raised CFA27 billion on the WAEMU market last Friday. This was the country’s second issue in February–a simultaneous issue of fungible treasury bills and bonds (BATs and OATs).
The sum secured exceeds the target by CFA2 billion. In detail, Lomé obtained CFA21 billion through the BATs and 6 billion through the OATs. The former securities mature over three months at multiple...