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The Togolese minister of maritime economy, Edem Kokou Tengué, presented during the latest council of ministers held on Oct. 27, the main functionalities of the single desk for non-tax revenues generated in the sector he oversees.
The goal of the presentation was to get the government’s approval to start drawing the draft bill that will help set up the desk.
According to the council,...
Most of the concentrated tomato imported into Togo contains too much lead and could harm consumers, according to the Togolese Association of Consumers (TAC) and the Organization for Food and Local Development (OADEL).
The two entities released, in the framework of the ongoing consuming local month, results of studies they carried out in partnership with the Togolese Institute for Agricultural...
Ousmane Diagana, the World Bank’s Vice President for West and Central Africa, arrived in Lomé yesterday, Oct. 27. The Bretton Woods executive, whose visit was announced earlier this week, was welcomed in the Togolese capital by the country’s minister of economy and finance, Sani Yaya, and the Secretary-General of the Presidency, Sandra Ablamba Johnson.
“Happy to have landed in Lomé! This...
Uber-like startup Gozem plans to expand to Cameroon. The new markets add to Togo, Benin, and Gabon.
“We plan to launch our super application in Cameroon soon,” said Gozem. The company hence seeks a country manager in Cameroon.
They are looking for “a leader to establish Gozem in this new country, someone who will carry out the operations and implementation strategy,”...
Two coffee kiosks were inaugurated last Tuesday in Lomé, by the minister of trade, industry and local consumption, Kodjo Adédzé.
The kiosks are located respectively at the ministry of trade and the ministry of agriculture. Specifically, they will serve populations and encourage them to integrate local coffee into their diet, and consequently improve the revenues and livelihoods of coffee...
Lomé is hosting a 3-day workshop to assess the technical cooperation between Togo and the International Atomic Energy Agency (IAEA). The meeting, started yesterday, regroups academics, government officials, and project leaders who will review all areas of the 9-year cooperation between the two parties, such as health, agriculture, environment, and energy.
Besides reviewing the cooperation,...
Togo received 702,000 doses of Sinovac vaccines yesterday, October 26. The vaccines were supplied as part of the Covax initiative.
The stock was received by the minister of health, Prof. Mijiyawa, at the Lomé airport, in the presence of Col. Djibril Mohaman, head of the national team in charge of countering the Covid-19 (CNGR), and Covax members, including the WHO and Unicef representatives,...
The World Bank’s Vice President for Central and West Africa, Ousmane Diagana, will be in Lomé from October 27 to 31. The Bretton Woods institution announced the visit in a statement published on October 25.
This is the first time that the Mauritanian executive comes to Togo. From there, Diagana, who has been overseeing 22 countries in West and Central Africa since July 2020, will go to...
Togo is the fifth-best in Africa, in terms of economic governance efficacy, despite the lingering pandemic. The country was ranked by the World Bank, in its latest Africa’s Pulse report released on Oct. 6.
According to the report which assesses how African countries adapt to climate change and economic transformation, “in Togo, the measures deployed to tackle the pandemic represent...
The Lomé-based pan-African bank Ecobank has secured a $60 million loan from a consortium led by PROPARCO, the AFD’s arm dedicated to the private sector. The group will use the money to support its 33 subsidiaries across Africa.
Besides PROPARCO which provided $35 million, other members of the consortium include the Norwegian fund Norfund and DEG (a subsidiary of the German...
The West African Development Bank (BOAD) has disbursed CFA20 billion in loans for the Industrial Platform Adétikopé (PIA). The BOAD announced that its president, Serge Ekue, and PIA’s president, Jesse Ian Damsky, signed the related loan agreement last week. However, the loan was approved in May 2021, during the 123rd board meeting of the BOAD.
The BOAD’s decision to back the industrial...
In an interview with Oxford Business Group, the Togolese Minister for Investment Promotion Rose Kayi Mivedor affirmed that Togo’s economy keeps growing despite the lingering pandemic.
“The GDP of Togo grew by 1.8%. But this is still very low compared to an annual growth rate of over 5% recorded in the past five years.” Over the same period, Mivedor added, many other countries recorded...
Togo will get $10 million, in the form of loans, from the OPEC Fund for International Development to finance its agricultural integration under the Regional Program for the Integration of Agricultural Markets (PRIMA).
“The Program’s objective is to strengthen the agriculture and trade sectors to sustainably increase the income and food security of rural households,” the Fund wrote in...
The Togolese Minister of investment promotion, Rose Mivedor, participated in the World Investment Forum held last Friday. The virtual event was organized by the United Nations Conference on Trade and Development (UNCTAD) and focused on the contribution of foreign direct investments (FDI) to the world’s economic recovery. On this occasion, Mivedor praised her country as a model in terms of...
The 13 banks active in Togo seem to be coping well against the Covid-19 pandemic which has spurred uncertainty in the country’s banking industry - an industry that was already facing many challenges.
Last year, these intermediaries lent a little over CFA615 billion to economic actors, pushing outstanding debt around CFA1,428, or somewhere above. This amount is 7% less than the amount loaned in...
Initially set to take place in Lomé on October 25-26, the International Cyber Security Summit has been postponed. This was disclosed in a press release issued by the event’s organizing committee.
While the new date is yet to be known, the release reads: “The Togolese Republic and the United Nations Economic Commission for Africa (ECA), organizers of the event, reaffirm their commitment to...