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The ECOWAS Bank for Investment and Development (EBID) announced plans to soon host a major forum in Lomé, Togo. The Bank will give more details on the project next week, on January 24.
The ECOWAS Investment Forum (EIF), as the event is called, should take place at the EBID’s headquarters. It would be its first edition.
Themed "Transforming ECOWAS Communities in a Challenging...
Lomé will close its second annual issue on the regional money market, the WAEMU stock market, on January 22. Lomé just launched the operation, a simultaneous issue of fungible treasury bonds and treasury bills. The target: CFA25 billion.
According to the related tender notice, the fungible bills, or BATs, have a nominal value of CFA1 million. They will mature over 91 days and have...
The U.S. Embassy in Togo just launched its Public Diplomacy (PD) Small Grants Program. According to the Embassy’s notice announcing the funding program, the grants extended range from $2,000 to $25,000. The whole package amounts to $60,000.00.
Applicants and their target audiences can come from any of Togo's five regions (and applicants are encouraged to specify their target...
Togo expects its earnings from patent tax to rise by 92.4% in 2024, YoY. Also, the government expects an economic growth of 6.6%.
While Lomé bases its forecast for patent tax revenues on the 2022 and 2023 results, patent fees recorded no major changes in recent months.
By the end of September 2023, the Togolese Tax Office, Office Togolais des Recettes (OTR), had collected CFA12.5...
Over the past decade, Togo’s Inclusive Finance Fund, the Fonds National de la Finance Inclusive (FNFI) disbursed CFA109.83 billion. The figure covers the period from April 2014 to January 2024. It was made public on January 5.
The loans were extended to around 1.8 million informal business owners. While they received the money through the FNFI’s 13 financing offers, the largest part was...
The city of Sokodé, located 341 km north of Lomé, will host an art and culture festival, the FACTEM, from February 14 to 18. The event is organized and sponsored by the Ministry of Culture and Tourism. It follows on from the traditional Adossa-Gadao festival, which opened on January 12, 2024.
The FACTEM will celebrate the Togolese culture and help local businesses grow. Thus its theme:...
In Togo, the value-added tax in the hospitality sector is back to 18%. The tax had been reduced to 10% during the Covid crisis.
The government set the new tax rate in its 2024 finance bill. Lomé attributes the increase to a strong recovery of the hospitality sector between 2020 and 2022.
Over the period, Togo’s top 10 hotels recorded a turnover surge of 140% -from CFA7.1 billion in 2020 to...
To better protect its maritime space, Togo recently examined and adopted a draft bill to set up a National Coast Guard Unit.
The task force will constantly monitor the country’s maritime space and better organize the State’s civil action at sea. It will also focus on improving coordination among administrations and cooperation with neighboring countries.
Last May, the country greenlit...
Togo will set up a body devoted to the management and coordination of anti-cancer actions–the National Council for the Fight Against Cancer. Lomé issued the decree announcing the entity’s creation last Friday, Jan 12.
The Council will steer prevention and care actions. It will also ensure the mobilization of resources needed to fight cancer nationwide.
For the government, cancer is...
Togo plans to ratify the WTO’s fishing subsidy convention. On January 10, the Council of Ministers allowed the ministry of fishing to start taking steps towards the document’s ratification.
This will help Togo take more measures to reduce harmful subsidies to fishing and protect global fish stocks.
Already, the country has passed many laws to implement beneficial fishing and aquaculture...
Togo will soon actualize its bill on the architectural profession. The move was announced on January 12, during a Council of Ministers. It should support Lomé’s cheap social housing project.
The updated bill will replace the current one which dates to 1990. According to the government, the actualization will integrate changes in the sector and set the conditions for better organization...
The Togolese government just disclosed several measures taken consequent to the fire that ravaged the market of Agoè Assiyéyé some weeks ago.
One of the measures relates to loan provision. The government set a one-year moratorium on the repayment of outstanding loans when the fire broke out.
It also set up a zero-interest bridging loan to help reconstitute the capital of the...
Wang Yi, China’s Minister of Foreign Affairs, will be in Lomé, Togo, tomorrow, January 16. The Asian official will be in the Togolese capital for two days. There, he will meet his counterpart, Robert Dussey, and various local officials.
Yi is on an official African tour. Ivory Coast, Egypt, and Tunisia are the other countries on his agenda.
Wang Yi will go to Egypt, Tunisia, Togo, and...
Togo’s first issue on the WAEMU stock market was successful. The country raised CFA25 billion through the operation, a twin issue of fungible treasury bills (BATs). The issue closed on January 12.
In detail, Lomé raised CFA18 billion with bills that mature over 91 days and CFA7 billion with bills that mature over a year.
According to the issue’s report, investors in the West African...
Togo raised CFA27.5 billion in private investments in 2023. The Ministry of Investment Promotion reported the figure to the Assembly at the close of the year.
According to data available, foreign direct investments (FDIs) stood at CFA21.9 billion or about 80% of the total sum. The remaining CFA5.56 billion were national direct investments (NDIs).
Over the past year, several reforms were...
Ten (10) of the hundred (100) most inspiring French-speaking black women of the 21st century are Togolese. The ranking was published on January 9, 2024, by Femmes Inspirantes, a media platform.
In the Politicians category, the Togolese women featured include Prime Minister Victoire Tomegah-Dogbe, the Minister Secretary General of the Presidency, Sandra Ablamba Johnson, the Ministers of Trade and...