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An investment policy review (IPR) was officially launched in Lomé on May 16, 2022.
Formally requested to the UNCTAD by the Togolese government, the review aims to draw and set up a targeted approach that will help Togo attract more FDIs and develop all the regions of the country, not only the capital.
According to Rose Kayi Midevor, the minister for investment promotion,...
Last night, another fire broke out at Adawolato, in Lomé’s primary market. This is the third market fire in a few weeks. The first two were in Kpalimé and Hanoukopé (Lomé).
Firemen were called and able to contain the fire a few hours after it began. According to the first assessment of the incident, four big clothing stores were burnt.
At the moment, the origin of the...
To help Togo tackle maritime insecurity, a European Union (EU) delegation is currently in Lomé to meet with local authorities. The Europeans came to Lomé on May 17 and will leave on May 19, 2022.
They are led by Nicolas Berlanga Martinez, Senior Coordinator of the European Union for Maritime Security in the Gulf of Guinea and former head of the EU delegation in Togo.
According to...
After staying closed for over two years, due to Covid-19, Togolese borders have been reopened to travelers today, May 17, 2022.
"Movement is therefore free for travelers, provided they can present a proof of vaccination," reads a government statement published on May 16.
The government said in the document that its decision was driven by “the slowdown in the spread of the Covid-19...
The Togolese ministry of economy and finance will assess, starting from May 17, 2022, the country’s public finance management, using the Public Expenditure and Financial Accountability (PEFA) framework. The assessment was launched at Lomé’s 2 Février hotel.
"The PEFA is an assessment tool whose methodology was developed in 2005 and then updated in 2011 and 2016. Togo was the first...
The report of the revised update of Togo’s national trade development policy (PNDC) was validated last week. The provisional report will be supplemented by recommendations of economic operators and development partners.
The updated policy will take into account recent changes happening in the African and international economic environment and will focus on the positioning, opportunities, and...
The World Bank is carrying out a battery of consultations with the Togolese government and various national stakeholders. This is in line with the preliminary findings of the Bretton Woods institution’s Systematic Country Diagnostic (SCD) which looks at the main barriers to and opportunities for development in a particular country.
Thus, on May 10, the World Bank’s resident...
Amidst the recent coups in West Africa (Mali, Guinea, Burkina Faso), Afrobaromètre recently asked Togolese citizens to give their opinion regarding the ECOWAS’s intervention in the political and diplomatic issues that followed the coups. In this article, Togo First goes over the results of this survey.
More than 7 out of 10 Togolese (72%) agree that ECOWAS should sanction West African...
The Organization of Islamic Cooperation (OIC) wants Togo’s President, Faure Gnassingbé, to act as a mediator in the political conflicts affecting the West African region. The request comes in a context where ECOWAS is yet to have officially approved the request made by Mali’s ruling junta for Gnassingbé to mediate in the crisis prevailing in the country.
On a working visit to Lomé,...
The African Development Bank (AfDB) and the African Guarantee Fund (AGF) will train and provide technical support to 80 youth-led micro, small and medium enterprises (MSMEs) in Togo.
This is part of a mentoring program initiated and backed by the AfDB’s Multi-Donor Youth Entrepreneurship and Innovation Trust Fund (YEI MDTF).
Businesses that applied and were enrolled in the mentoring...
France will provide Togo a little more than CFA33 billion or €50 million to manage waste in its capital city Lomé, and build rural roads across the territory. The money will be disbursed as concessional loans through the French Development Agency (AFD).
In detail, the AFD will provide Togo with €20 million (around CFA13.2 billion) to partially finance stage four of the Urban...
In the recently-ended agricultural campaign, Togo had a rice deficit of 88,000 t. In this context, the country received 3,000 t of rice from Japan on May 12. The donation was received in Lomé by the Director of Cabinet of the Ministry of Agriculture, Livestock and Rural Development, Dindiogue Konlani.
The estimated cost of the rice given under the Kennedy Round 2020 project is CFA1.5 billion....
OMOA Group, a company specialized in digital payment, officially started operations in Togo on May 12, 2022. The group’s subsidiary, Operator Payment System, will contribute to Togo becoming an innovative service hub for digital skills and a reference in Africa.
OMOA will take steps to boost financial inclusion and bridging the gap between people and banks. It has committed to “foster...
Africa Ceo Forum and Ecobank will hold on May 19, 2022, a forum that will showcase investment opportunities in Togo.
Investir au Togo (Invest in Togo), as the program is called, will especially focus on opportunities available in the following sectors: infrastructure, agribusiness, digital, and energy.
The event will also host a panel on the Togolese ecosystem, especially its...
The Togolese ministry of trade has fixed a new ceiling on prices of necessities–VAT-exempt local and imported goods. The move follows the new increase in the price of petroleum products, due to a shift in oil and dollar rates, according to the government.
In detail, a 2.5 kg bowl of corn will now sell for 650 CFA francs in Greater Lomé and the Maritime region, 550 CFA francs in the Plateaux,...
Soon, the Togolese Public Procurement Regulator (ARMP) could oversee even Public-Private Partnerships (PPPs). A draft decree was adopted by the council of ministers on May 11 in this framework. The decree covers the attributes, structure, and functioning of the new form of the regulator, the ARCOP.
Sources close to the matter told Togo First that the transformation should expand the...