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Togolese authorities announced on Wednesday, April 20, 2022, the seizure of 26 tons of corn from Bassar (246 km north of Lomé), bound for Benin. The goods, which were destined for export, were intercepted by the Gendarmerie Nationale at the entrance of Aného.
The owner of the goods did not have any document from the ministry in charge of trade and local consumption authorizing her to transport...
Just like in 2020, Togo was Gabon’s first African supplier of goods last year. It sold the Central African country CFA41.6 billion worth of goods over the period, according to Le Nouveau Gabon, a local media, quoting data from Gabon’s Directorate General of Customs and Excise (DGDI).
The figure–which includes petroleum products sales–was down 35% compared to 2020’s CFA65 billion....
In Togo, around 10.6% of men, aged between 15 and 49, smoke, against about 0.9% of women in the same age range. The data, published in 2018 by the National Institute for Statistics, Economic and Demographic Studie (INSEED), was recently taken up in a study that the CADERDT conducted to assess the economic impacts of smoking on Togolese households. The results of this study were published on April...
The animal health inspectors of the West African Economic and Monetary Union (WAEMU) are working on new strategies to tackle the illicit sale of veterinary drugs in the region. The inspectors are gathered in Lomé for their annual meeting for assessing veterinary drugs market sanitation campaigns (CAMMVET). The four-day workshop, which started on 19 April 2022, is an initiative of the WAEMU...
Togo will be the second country to house Thione Niang’s agriculture and leadership campus, after Senegal, his home country. Niang, a Senegal-US citizen and former advisor of Barack Obama, teamed up with former Togolese soccer star Emmanuel Adebayor for this project. He announced on his Facebook page. The campus, whose construction is set to begin next month, is called JeufZone.
“After...
PNHG, a Spanish construction firm, will build a hotel complex near the site hosting the ongoing St Peregrin hospital project, in Agoè. Dubbed St. Peregrin hotel complex, the project includes two hotels.
“The first is a 4-star hotel with 3 presidential suites, 4 junior suites, and 35 double rooms. The second is a 3-star hotel with 50 double rooms, 20 of which are designed according to PRM...
The IMF scaled down its global growth forecast for 2022 on April 19, 2022. From 4.4%, which the institution projected in January, the figure now stands at 3.6%. A drop the Bretton Woods body attributes to the Russia-Ukraine war, rolling lockdowns in China. The IMF made the new forecast during its spring meetings with the World Bank, in Washington.
The forecast revision is based on the IMF’s...
Last year, outstanding loans granted by microfinance institutions in Togo soared by more than 30%, reaching CFA249 billion. That is after stagnating in 2020, due to Covid-19.
According to the BCEAO, West Africa's Central Bank, the surge is attributable to the progressive resumption of economic activities which had been hampered by the health crisis.
Not just in Togo, the upward trend was...
In Togo, the Regulatory Authority for Electronic Communications and Posts (ARCEP) has launched a new campaign to assess the quality of cell phone services. This two-month campaign will focus on mobile voice (2G) and data (3G and 4G) services of Togo Cellular and Moov Africa Togo.
"This action aims to evaluate the level of quality of services provided by these operators to determine their...
Ethiopian Airlines will, starting from June, provide direct flights from Lomé to Washington, thrice a week. The news was revealed by Samson Arega, regional director of the airlines in the U.S., who has been quoted by several media outlets.
The executive stressed that the planes landing in Washington would return to Addis Ababa, Ethiopia's capital.
Ethiopian Airlines is driven by...
By the end of May 2022, Togo and Ghana will re-delineate their land border with border markers. This was disclosed by the national coordinator of Ghana's Border Commission, Brigadier General Emmanuel Kotia, after a field visit conducted on April 14.
"The decision taken here is that the two countries will jointly set up a technical committee to work on the reconstruction of these pillars. The...
Togo secured, on 24th March, $2 million (about CFA1 billion) from Japan to better tackle Covid-19.
Specifically, the donation will be used by UNICEF's representation, under the "Emergency Grant Aid promoting COVID-19 vaccination in Latin America and the Caribbean, and African countries."
According to a joint statement from the two governments, the UN agency will use the money to help...
Togo successfully closed its first issue on the UMOA-titres (WAMU securities) market for this quarter. The treasury secured CFA32 billion, thus two billion more than it was seeking.
The proceeds were obtained by issuing recovery bonds (OdR), with a nominal value of CFA10,000, a 7-year maturity period, and a fixed interest rate of 5.8%.
Overall, Lomé raised CFA68 billion from 21 participants,...
The two leaders met in Abidjan on April 14 where they discussed West Africa’s political and security situation and how it impacts the region’s economic development.
Presidents Faure Gnassingbé and Alassane Ouattara mainly talked about fighting terrorism, especially in Mali, Niger and Burkina Faso. In this regard, Togo's Head of state declared: "The fight against terrorism can no longer be...
In Togo, the State will now allocate a new monthly allowance of 12,000 CFA francs to directors of preschools and public elementary schools. The information comes from a joint decree signed by Ministers Prof. Dodzi Kokoroko, Gilbert Bawara, and Sani Yaya, respectively in charge of primary and secondary education; the civil service and labor; and the economy and finance.
"The directors of...
Just like in June 2021, the Togolese government, following its recent decision to increase the price of petroleum products, has established a new tariff schedule for intra-urban and inter-urban transport of people and goods.
The new tariffs in effect set the ceiling for the cost of transporting people and goods. Specifically, the adjusted rates for intra-urban transport of people, mainly in...