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The Togolese parliament adopted, last Thursday, two laws that enact a reform extending the Audit Court's powers. The reform aims to enable the Court to adapt to the new context of decentralization and meet WAEMU standards.
The first law concerns the organization and functioning of the Court of Accounts and regional courts, while the second affects the status of magistrates in these...
GIZ, the German cooperation agency, is looking for a technical advisor (monitoring and communication) to join its team steering the German-Togo partnership for reforms. Recruitment ends on October 17, 2021.
The hired consultant will manage information related to the partnership’s planning and implementation. It will also technically support the Ministry of Planning, Development and Cooperation...
Togo will open an embassy in Saudi Arabia. The announcement was made last week by Togolese foreign affairs minister, Robert Dussey.
The decision aligns with efforts by the two nations to improve their relations. In this framework, several agreements should be signed in a few months. These include notably a memorandum of understanding between the Togolese and Saudi chambers of commerce, a deal to...
President Recep Erdogan from Turkey should be in Lomé on Oct. 20, 2021, for an official visit. The news was disclosed by TVNET, a Turkish media.
According to the same source, the leader, who will meet President Gnassingbe, will first be in Angola (October 17), and Nigeria (October 18).
President Erdogan’s trip to Togo is announced at a time when Lomé and Ankara want to boost their...
Togolese microfinance institutions loaned CFA47 billion between April and June 2021. That is CFA10 billion more than they did in the quarter before, and 38% more than in Q2 2020.
Similarly, loans by traditional banks stood at CFA217 billion in Q2 2021, up by 59% compared to the same quarter last year. Results for Q1 2021 were also satisfying, according to conclusions of the...
After six years of service in Togo, Brazil’s ambassador to Togo, Antônio Carlos De Salles Menezes, is ending his mission in the country. In this framework, he met with President Faure Gnassingbe to recapitulate progress made relative to the cooperation between the two countries.
According to the diplomat, trade between Brazil and Togo soared in recent years, reaching $97 million in 2017....
The World Bank has scaled up its growth forecast for sub-Saharan Africa and expects the region to come out of the Covid-induced recession.
“Sub-Saharan Africa is expected to emerge from the recession caused by the Covid-19 pandemic with an expected growth rate of 3.3% for 2021,” said the Bretton Woods institution in its latest semi-annual Africa's Pulse report, released on Wednesday, October...
Togo has administered over 1.1 million doses of the Covid-19 vaccine to date, the government said.
“1.13 million doses of vaccine have been administered to date. Covid-19 infections are down slightly thanks to your increasingly massive involvement,” the government indicated while urging the population to continue getting vaccinated, at a time when the momentum seems to be waning, according...
The Ministry of Maritime Economy, Fisheries, and Coastal Protection of Togo now has its premises since Monday, October 4, 2021. The information was disclosed in a statement issued Tuesday by the head of the ministry, Edem Kokou Tengué
“Progress and a new address, one year later…,” the ministry wrote on its website to announce its new address located on Avenue Nicolas Grunitzky,...
The Togolese Tax Authority (OTR) issued tax abatements on vehicles parked at the customs which are over five years of age. The abatements which range from 25 to 40%, depending on time spent at the customs, are effective since October 1 and will expire on December 15, 2021.
The following table details the various abatement rates and the corresponding periods:
DATE OF ENTRY INTO...
The Mono Basin Authority (ABM), an entity created by Benin and Togo to ensure the rational management of the Mono River, plans to adopt a new strategic plan for the 2022-2026 period.
The document will replace the 2016-2020 strategic plan which recently expired and whose impacts will soon be evaluated.
The ABM seeks a consultant to assess the previous strategy and elaborate the new one. The...
In Saudi Arabia since Monday, Togo’s Foreign Affairs Minister, Robert Dussey, recently met with the Saudi Minister of Investment, Khalid Al Falih. “I thank my dear elder Khalid Al-Falih, the Saudi Minister of Investment for his willingness to invest in Togo. In comparative terms, our country is very attractive,” the Togolese official wrote in a tweet posted on Tuesday. Dussey presented...
The WAEMU commission has recently launched, in partnership with its regional consular chamber (CCR-WAEMU) and national consular chambers of its member states, the second edition of the Tremplin Startup WAEMU contest. The five best startups will get respectively CFA14 million, CFA13 million, CFA12 million, CFA11 million, and CFA10 million to grow their activity.
A CFA5 million prize will...
The Togolese government signed with BBOXX, a British startup, a memorandum of understanding to boost access to smartphones in the country. The MoU, inked on Sept. 27, concerns a project called Togo Smartphone, which enables a flexible payment of smartphones.
Under the agreement, BBOXX will first proceed to a market study to find out people’s needs and preferences. The pilot phase will follow...
The Global Initiative Against Transnational Organized Crime released last week its Global Organized Crime Index. This study, developed over two years, evaluates levels of crime and resilience in all 193 UN member states.
The index evaluates countries according to their criminality on a score of 1 to 10, lowest to highest organized crime levels, based on their criminal markets score and...
Adiwale Partners, the private equity firm founded by Jean-Marc Savi and Visseho Gnassounou (both Togolese), made a final close of its first fund, Adiwale Fund I. The news was reported by Agence Ecofin.
The fund manager which is committed to financing SMEs in Francophone West Africa raised €60 million ($69.6 million), less than the €75 million it expected. According to the firm, its...