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The State of Togo spent CFA55 billion on personnel expenses in Q1 2022, against CFA50 billion in Q1 2021. This was revealed in the Ministry of Economy’s "State Budget Execution Report, Fiscal Year 2022 - End of March".
In detail, the funds were used to pay emoluments, allowances, bonuses, family benefits, employer contributions, and all staff expenses covered by the general...
Travelers under 12 are no longer required to show their PCR test results when arriving or departing from the Gnassingbé Eyadema International Airport. This is part of relaxation measures implemented by the Togolese airport, and it was announced by the ministers of health, Moustafa Mijiyawa, and transport, Atcha-Dedji Affoh. The ministers issued a joint statement on August 30, 2022.
The...
The Togolese customs office reduced by 30% clearance fees for vehicles that are more than five years old. The measure will be effective from September 1 to December 31, 2022. This was disclosed by Philippe Kokou Tchodié, Commissioner General of the Togolese Tax Office (OTR), in a statement dated August 31, 2022.
This tax relief aims to free up space at car parks, according to the OTR’s boss....
Rose Kayi Midevor, Togo’s minister for investment promotion, launched last Tuesday the Yearbook Togo 2022-2023, an economic report that showcases the country’s investment potential.
"The Togo 2022-2023 yearbook was published to make economic data accessible and to provide an overview of the achievements, completed and in progress, in the key sectors of our economy," the minister...
On the sidelines of the council of ministers held on August 31, 2022, the Togolese officials held a seminar where they mainly discussed ways to improve microfinance in the country.
President Gnassingbe and his ministers drew a strategy to monitor and improve the sector. Actions laid out under the strategy aim to help struggling microfinance firms deal with the increasing number of illegal...
A united front and large-scale actions. Those are the two wishes expressed last Sunday by Togo’s assembly president, Yawa Tsegan, at the 8th Tokyo International Conference on African Development (TICAD VIII) in Tunis.
“We (Togo) urge our States to come together and reiterate our invitation to partners for more coordinated actions for peace and security,” Tsegan told 5,000 participants...
Through a simultaneous bond issue scheduled for September 2, 2022, Togo will seek CFA30 billion on the WAEMU market.
The bonds, recovery bonds, have respective maturities of five and seven years. They have a nominal value of CFA10,000 and carry interest rates of 5.75% and 5.90% per annum respectively, from the first year.
The upcoming issue targets socially responsible investors,...
Between 2020 and 2022, the Togolese State earned CFA658 million from transhumance in the Anié 1, Haho 1, and Est-mono 1 municipalities (all located in the Plateaux region). This was disclosed last Thursday, by the Intercommunal Association for Development in the Plateaux (AIDAP), during a meeting with its members.
Respectively, the activity generated CFA225 million and CFA432 million in Anié 1...
Togo produced 1.3 million and 1.45 million tons of phosphate in 2020 and 2021, respectively. While still far from its level in the 80s and 90s (+2 million tons), the country has not recorded such performances since 2003.
From 2020 to 2021, the country’s output was up 10%. Sales also shot up to nearly 1.39 million tons last year–the highest since 1999. Both the rise in output and sales are...
Japan’s PM, Fumio Kishida, announced last weekend that his country will spend $30 billion on various African projects over the next three years. This was during the Tokyo International Conference on African Development (TICAD VII).
Speaking in a videoconference, the Asian leader said Japan “prioritizes an approach that values human investment and quality growth.”
Togo sent a...
The government of Togo will tighten procedures to select trusted providers of cybersecurity services. This aligns with the country’s ambition to become a leading cybersecurity hub in Africa.
The move was disclosed last Thursday, during the council of ministers. On the occasion, the authorities adopted a draft decree on trusted cybersecurity firms and the approval of evaluation centers.
By...
Some Togolese state representatives will soon respond to a code of conduct that sets standards for integrity, loyalty, and professionalism. Held on August 25, 2022, the council of ministers adopted a draft decree in this framework.
The upcoming code of conduct, the council wrote in a statement, will “help maintain respect for the principles of integrity, loyalty, and professionalism of...
The African Drug Agency will start operating soon. The African Union (AU) disclosed the news in Lomé last Tuesday. It was during a panel of experts organized as part of the 72nd session of the WHO Regional Committee for Africa.
"The treaty was adopted in 2019. We needed 15 countries, and now we have 23 countries that have ratified the treaty for this drug agency," said Dr. Minata Samaté...
In Togo, outstanding loans granted by microfinance institutions (decentralized financial systems) rose by CFA38.3 billion in Q1 2022, compared to Q1 2021. The country recorded the second-largest increase in the West African Economic and Monetary Union (WAEMU), after Burkina Faso (+27.8%). This was disclosed in the latest report of the Central Bank of West African States (BCEAO in...
The cancelation was announced last June by the Togolese minister of affairs, Robert Dussey.
China recently canceled part of a debt Togo owes it. The news was confirmed on August 18, by the Chinese minister of foreign affairs, Wang Yi.
Though the Asian side is yet to disclose the exact amount canceled, Robert Dussey, Togo’s minister of foreign affairs, put it at ¥16 million (about...
The World Health Organization (WHO) regional office for Africa will test Togo’s hospital contractualization system in other African countries. Matshidiso Moeti, director of WHO Africa, announced the move last Tuesday, Aug. 23.
Moeti revealed the plan during a tête-à-tête with Togolese President Faure Gnassingbé, a meeting held within the framework of the ongoing 72nd session of the WHO...