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On February 10, 2022, the Council of French Investors in Africa (CIAN) released its latest barometer on the business climate. According to the rankings, Togo scored 3.4 points out of 5 in 2021, against 2.8 the year before.
With this score, the country still leads in West Africa, ahead of Benin (3.1) and Senegal (3.0). In Africa, it is only outpaced by Morocco and Mauritius, which...
Togo: the Ministry of financial inclusion warns of illegal collection of money by former DOSI agents
In Togo, some former agents of the DOSI, the Delegation in charge of organizing the informal sector, have been collecting money from its beneficiaries “despite the institution having ended such operations since 2018.” In a statement dated March 11, 2022, the ministry of financial inclusion warned those concerned against these agents.
“It was brought to our attention that some agents of the...
Analysts and investigators from WAEMU's National Financial Intelligence Processing Units (CENTIF) are currently gathered in Lomé for a capacity-building workshop. The meeting started on March 14 and will end next Friday.
Participants will be trained on ways to tackle money laundering and terrorism financing. This meeting comes three years after the States-General on anti-laundering and...
Yesterday morning, a regional meeting focused on a strategy to tackle the risks posed by nuclear and other radioactive materials that are not subject to regulatory control was launched in Lomé. The meeting which regroups actors from seven countries will end on Friday, February 18.
Technically backed by the International Atomic Energy Agency, IAEA, the workshop should allow participating...
From 209,000 in 2012, the number of beneficiaries of the health care services of the National Health Insurance Institute (INAM) has increased to 426,000 in 2021.
Over the period, services provided by the INAM almost tripled. Data from the institution shows that the number of consultations jumped to 405,000 from 137,000, while analyses stood at 482,000 on average per year.
Over the past nine...
In Togo, the government and education stakeholders signed a memorandum of understanding this past weekend. The document will, hopefully, put an end to "the long years" of arm wrestling between the government and teachers who have been demanding better living and working conditions.
Essentially, the signing of this document shows the unanimity of the two parties on the 5 billion CFA francs...
The German Development Bank, KfW, has invested more than 102 billion CFA so far in Togo. The money was poured into seven projects spread in the following sectors: health, energy, decentralization, rural roads, technical and vocational education.
This was disclosed in the latest review of projects financed by the German Financial Cooperation in Togo, which was held virtually on March 10, as...
The second edition of the International Market of Crafts of Togo (MIATO) should start on March 23 and end on April 3. This edition should welcome more than 300 exhibitors, twice the number that attended the first edition.
The forecast was disclosed by the minister delegate in charge of technical education and handicrafts, during the council of ministers held last Monday, March...
After having worked two weeks ago on the conditions to which the right to strike is subjected, and the creation of a National Labor Council (CNT), the Council of Ministers that met last Monday has defined conditions governing remote and temporary work in Togo.
In this framework, two decrees were adopted–the first on the conditions and modalities related to remote work.
“Taking into account...
Last month, 1,278 businesses were freshly registered at the Center for Business Formalities (CFE) in Togo. This is 1.7% less than the 1,300 registered the previous month.
Thus, in January and February 2022, a total of 2,578 new businesses were set up in the country, down 7.2% compared to the 2,765 businesses registered over the first two months of 2021, with respectively 1,390 in January and...
Over the past decade, the National Agency for Volunteerism in Togo (ANVT) has mobilized more than 25,000 women volunteers, about half of all volunteers enrolled over the period. “Since 2011, the ANVT has mobilized, for all its forms of volunteerism, 25,406 women (52%) of the total number of national volunteers mobilized. This day, which celebrates the rights of women, is the perfect opportunity...
The number of businesses created by women in Togo, rose from 3,049 to 3,739 between 2019 and 2021, up about 24%, according to data from the Centre de formalités des entreprises (CFE) compiled by Togo First.
In detail, women created 3,049 businesses in 2019, which is 26% of the total registered at the CFE that year, knowingly 11,514. The following year, businesswomen created 3,426 firms,...
Rehabilitation works at the Niamtougou International Airport will begin soon, thanks to an investment of 2.2 billion CFA francs. The Director-General of the National Civil Aviation Agency (ANAC), Colonel Gnama Latta, disclosed the news on March 7, 2022.
In detail, these works will involve the airport’s runway from 2,500 m to 3,000 m, fencing the perimeter, and securing the terminal.
According...
The Togolese Ministry of Rural Roads will start building five bridges on rural roads in the five (5) regions of Togo. The ministry issued a tender in Togo National, a State-owned newspaper, earlier this week in this framework.
The bridges include an 80m-long mixed steel bridge on the Agbélouvé (National Road No. 1) - Zafi - Ahépé (RN 4) road; a 60m-long bridge on the Ogou Agrani-Kamina road;...
Today, March 4, 2022, Togo has completed the issue of its second 15-year bond on the UMOA-securities market. Lomé obtained the amount it was seeking for this operation: CFA30 billion.
In detail, the country issued fungible treasury bonds that have a nominal value of CFA10,000 and an annual interest rate of 6%. According to the report of the Umoa-securities, 25 investors from the Union’s eight...
Ismaël Kassime, a young Togolese entrepreneur and promoter of Label Lafiè, is the new business manager of the Nunya Lab incubator.
He assumed the position at the beginning of this month. As the business manager of the incubator, which is located at the Maison des Jeunes de Lomé (Amadahomé, southwest of Lomé), Ismaël Kassime will provide support to young entrepreneurs, to coach incubated...