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Ecobank, a top Togo-based financial institution, has been crowned the best African bank for Small and Medium Enterprises (SMEs) for the third year in a row. This esteemed recognition was awarded by Global Finance during the SME Bank Awards in London, UK, in February, highlighting Ecobank's unwavering commitment to meeting SMEs' needs across the continent.
Carol Oyedeji, Ecobank's Acting...
A technical committee was launched in Togo on April 12, 2024, to monitor product marking. The fruit of a contract between the Togolese government and SICPA.SA, the new committee aims to ensure the quality of imported consumer products like water, tobacco, and alcoholic and non-alcoholic beverages.
The committee comprises experts from the Togolese Revenue Office, the tax authority, and the...
The Togolese government has announced the suspension of the "Express Mode" for visa delivery on entry to the country, effective April 12, 2024. The decision was made by the Minister of Security and Civil Protection, Calixte Madjoulba, who also announced new measures for obtaining visas.
"All travelers requiring a visa to enter Togo must apply for a visa at least 7 days before the planned...
Togo raised CFA33 billion on the WAEMU market for its first issue in Q1 2024. Lomé raised CFA3 billion more than it targeted.
In detail, the country collected CFA27.5 billion on fungible treasury bills (BATs). These securities mature over 91 and 364 days and carry multiple interest rates. The remaining CFA5.5 billion was raised on fungible treasury bonds (OATs). They will mature over five...
The Togolese Ministry of Rural Access and Rural Roads seeks civil engineering engineers and technicians to work on a project to build 21 modular mixed steel-concrete bridges of the Unibridge type. The Ministry launched a call for applications to select 25 agents.
At the end of the process, the ministry plans to recruit 3 QHSE engineers (Quality of Work Execution - Health - Safety - Environment),...
Starting from May 1, 2024, land operations within the territorial jurisdictions of the Golfe and Agoè-Nyivé prefectures in Greater Lomé will be carried out at the Single Land Office (GFU) at the headquarters of the Togolese Revenue Office (OTR).
In a recently disclosed notice, the OTR pointed out that the move should help simplify and streamline procedures, subsequently consolidating...
A National Institute of Geography could soon be set up in Togo. The project was discussed on April 9, 2024, by the Council of Ministers.
If effective, the project could help bolster the ongoing land reform. The initiative was presented by the Ministry of Urbanism.
The projected entity would result from the transformation of the current Directorate-General of Geographic Information...
Two key studies related to the project to curb flooding in the Lac-Togo area were validated last week. The studies, the Environmental and Social Impact Assessment (ESIA) report, and the Resettlement Action Plan (RAP) were validated in Aneho.
Financed by the World Bank, the project aims to address the recurrent flooding in Togo’s maritime region. It involves dredging works, construction...
The legal interest rate in Togo is set at 5.0336% this year. The government disclosed the figure on April 9, in a Cabinet meeting held in Lomé, the capital.
A decree was issued in this framework, per “the uniform law concerning the legal interest rate in the countries of the West African Monetary Union (UMOA)”. This law “requires the decree to establish the legal interest rate for...
The Togo Digital Agency (ATD) is working on a plan to speed up the digitalization of Togo’s public services. The plan was presented on April 9, 2024, during the Council of Ministers.
The document specifically aims to modernize the public administration, through innovative tech tools that will enable the administration to allow users - individuals and businesses - to fill online forms,...
Besides financial inclusion, digitalization, and employment, Sierra Leone seeks to cooperate with Togo on maritime and logistics fronts. On Monday, April 8, David Moinina Sengeh, Chief Minister of Sierra Leone, covered the topic with Togo’s Minister of Maritime Economy.
I am delighted to have welcomed the Chief Minister of Sierra Leone, @dsengeh, during his visit to Lomé. Our discussions...
Togo will hold its next legislative and regional elections on April 29, 2024.
The polls which were scheduled for an earlier date were postponed to collect the public’s opinion about the recent constitutional revision.
However, according to a decree issued in a Council of Ministers, the electoral campaign will now begin on April 13 and close on April 27. Advance voting is scheduled...
In response to a call for projects it launched last year, the Togolese Fund for Cultural Promotion (FNCPC) will soon obtain CFA300 million from the government. Local newspaper Togo Presse reported the news on April 9, quoting the Ministry of Culture.
The CFA300 million will be distributed as follows: CFA133.9 million for performing arts, for 323 projects; CFA51.9 million for film projects....
Togo's performance in fiscal transition within the West African Economic and Monetary Union (UEMOA) is commendable, aligning well with the Union’s objectives. Despite facing a complex and uncertain macroeconomic environment, overall performance in the fourth quarter of 2023 remained positive. As per the monitoring report prepared by the National Committee for Monitoring the Fiscal Transition...
Togo hopes to lower its domestic debt by 7 percentage points over the next three years, bringing it to 54.6% in 2026. The ambition was disclosed in the public administration's medium-term debt management strategy.
Last year, Togo’s outstanding public debt stood at CFA3.707 trillion–mostly denominated in CFA. External debt represented 61% (CFA2.276 trillion) and domestic debt 38.61%...
The Togolese government will, starting this month, launch a series of procurement activities over the next nine months. The procurement series falls under the Millennium Challenge Corporation’s (MCC) Compact program which Togo was declared eligible for in December 2022.
The estimated value of the projected procurements is $13.6 million. As part of the initiative, the MCC plans to...