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As the world keeps dealing with wheat supply issues spurred by the war in Ukraine, the Togolese authorities encourage the transformation of local tubers and cereals into bread. Yesterday, May 23, the country’s Prime Minister, Victoire Dogbé, visited some companies based in Lomé that make and use local flour. She was with the minister of trade, Kodjo Adedze, and the minister of grassroots...
From now on, Gozem taxi-bike riders can pay for fuel at any TotalEnergies gas station via their Gozem Champion wallet.
The two companies inked an agreement to this end on May 23, 2022.
"This partnership will, first of all, allow Gozem drivers to better maintain their vehicles with good quality TotalEnergies gasoline," said the Lomé-based start-up. "Secondly, they will be able to...
During the 2021-2022 cotton season, Togo had an output of 50,000 t, against 130,000 t expected. This is about 25% lower than the 66,000 t recorded in 2020-2021, according to the sector’s actors.
This year, 74,000 ha of arable lands were used, instead of the 193,000 ha announced when the season began.
The sector’s regulator, Nouvelle Société Cotonnière du Togo (NSCT), said there was...
M Auto Electric Mobility, an electric car maker based in the Adétikopé industrial zone, has officially launched two brands of electric bikes on May 22, 2022. The bikes were presented to the media during a press meeting held at the 2 février hotel.
There is the Chap Chap model which costs CFA900,000 and the Commando model which costs CFA1,179,000.
“Pay as you go” and Mobile...
During an audience, last Thursday, International Business Bank Togo’s MD, Tahari Nabil, told Togo’s PM, Victoire Tomegah-Dogbé, that the lender would align its projects with the government’s priorities under its 2020-2025 roadmap.
"Our priorities are first to improve the whole digitalization process and, of course, our financing strategy and, at the same time, to assist the government in...
Next Friday, May 27th, Togo will seek CFA35 billion on the UMOA-securities market. The country’s treasury will, to this end, issue recovery bonds with a nominal value of CFA10,000.
The bonds are set to mature over 180 months or 15 years, at an interest rate of 6.15% per annum.
This year, Lomé hopes to raise CFA550 on the regional market, in line with its 2022 finance law. So far, it...
Edem Tengue, Togo’s minister of maritime economy, recently addressed the acquisition of Bolloré’s port assets in Togo by MSC, the world’s largest container shipping line. The official talked about the matter which has sparked diverse reactions in an interview with Tribune Afrique. MSC, it should be emphasized, is already active at the port of Lomé; it operates the Lomé Container Terminal...
To better impact consumers, Togo’s Electronic Communications and Posts Regulatory Authority (ARCEP) will bet on regulation by data and capacity building of the media in the processing of information related to ARCEP.
In this framework, the regulator hosted last Tuesday–World Telecommunication Day- a masterclass regrouping media professionals and consumer associations.
“In...
The UN Development Program (UNDP), the Organization for Economic Cooperation and Development (OECD), and France will help Togo better tackle tax evasion.
Last Tuesday, the Togolese Revenue Office (OTR), in partnership with France’s Public Finance General Directorate, the OECD, and UNDP, launched a program to this end. Present at the launch was Essien Atta-Kakran, Togo’s Customs...
The new director-general of the International Labor Office, Gilbert Fossoun Houngbo, met with President Faure Gnassingbé last Tuesday, May 17, in Lomé. During his audience with the Togolese leader, Houngbo told him about the priorities he will focus on throughout his mandate, knowingly reducing the cost of living, bolstering social protection, and getting actors of the informal sectors to...
The government of Togo recently reminded the country’s mass consumption exporters that the export of mass consumption goods is subject to prior authorization from the ministry of trade. The reminder came via a decree issued on May 16, 2022.
The decree - which was signed by the ministers of agriculture, economy, security, and trade - adds that the authorization must be requested by the...
From May 16 to 31, the indicative price to the producers of superior quality cocoa has been set at CFA905 per kg, down 6% compared to the price set for the first two weeks of the month, knowingly CFA960.
Similarly, the price of Healthy Robusta coffee has been reduced from CFA860 to CFA845 per kg (-1.7%).
The new indicator prices were disclosed by the Coordination Committee for the...
As part of the African Union’s Skill Initiative for Africa (SIFA) support mechanism, Germany’s development fund, KfW, will provide €6 million to two training institutions in Togo. The institutions, knowingly Tové’s national agricultural training institute (INFA) and FORMATEC, an institute for technological, economic, and administrative sciences, will share the funds...
Initially scheduled for 3 April 2021 and postponed due to Covid-19, the gala evening of distinction of the 100 most dynamic Togolese companies will take place on May 27, 2022, in Lome. ECO Finance Enterprise, the firm behind the event disclosed the new date last Tuesday.
According to the organizers, the 100 firms will be selected based on four criteria; expertise, innovation, market...
The Togolese government officially started assessing its public finance management on May 17, 2022. The launch ceremony was attended by the country’s technical and financial partners, such as the European Union delegation in Togo (represented by Joaquín Tasso Vilallonga, head of its Delegation) which supports the initiative.
On the occasion, Sani Yaya, Togo’s minister of finance, said the...
Several consumer goods, imported or sold in Togo, have been exempted from value-added tax (VAT). Sani Yaya, minister of economy and finance, issued a statement in this framework last Tuesday, to inform relevant departments, including the Togolese Revenue Office (OTR), of the change.
Products concerned by the exemption include wheat flour (in 50 Kg bags), imported exclusively by SGMT (Société...