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Togo has joined the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS). It was disclosed on the OECD's official portal.
Togo is the 140th country to join the tax reform. Doing so, it commits to implementing the 15 reforms the OECD recommends to tackle tax avoidance and regulate multinationals' activities.
"Through its membership, Togo has also...
Set to end next December, the School Assur program has covered 2,615,962 healthcare services as of August 29, 2021. The data was disclosed by the ministry of financial inclusion and the informal sector.
In detail, the program has financed 1,031,059 medical visits, 13,660 admissions, 48,097 surgeries, 290,310 analyses, and 1,232,836 drug purchases.
According to the source, the...
Togo’s Prime Minister, Victoire Tomégah-Dogbé, is among Africa’s top 100 most influential women. She’s is featured in Avance Media’s annual ranking of influential women in Africa and its diaspora.
“We believe this project provides us with another opportunity to not only celebrate African women but to showcase the individual and collective achievements of women who are inspiring...
From now on, the motor vehicle tax (TVM) paid by lorry drivers will be checked at designated weighing points. This was announced by the Office Togolais des Recettes (OTR) and the Société Autonome de Financement de l'Entretien Routier (SAFER).
"Before checking up weight and axle load of lorries and others, payment receipts of the TVM must be presented,'' reads the statement issued by the OTR...
Brazil, South Africa, India, the UK, Russia, Portugal, and Tunisia. Those coming to Togo from these seven countries will automatically be quarantined for 72 hours upon arrival.
According to the Togolese ministry of health, the decision follows “the discovery of new variants of Coronavirus that are highly virulent and spreading rapidly in these countries.”
The quarantine holds...
The World Bank approved last Thursday the disbursement of $60 million (about CFA33 billion) by the International Development Association (IDA) to support education in Togo. The funds will enable the implementation of the “Improving Quality and Equity of Basic Education Project” in Togo.
The monies will be injected into the government’s 2020-2030 Education Sectoral Plan. This was...
Lomé’s airport will be equipped with a PV solar plant. To this end, a tender was launched to hire the firm that will carry out the project.
The selected company will design, deliver and install the plant, said Société Aéroportuaire de Lomé Tokoin (SALT) which launched the tender. SALT indicated that the tender’s winner will also finance the project.
In 2016, the...
Sani Yaya, Togo’s minister of economy and finance, asked G20 members to support African nations facing the Covid-19 pandemic more. This was last Friday, during the 3rd Compact with Africa (CwA) Summit held physically, in Berlin, and virtually.
The Togolese minister said it is necessary that economies concerned get funds to easily have access to drugs, diagnostic equipment, and to massively...
To implement its 2020-2025 development program, the Golfe 6 municipality (in the south-eastern part of Lomé) will raise CFA3.4 billion.
The plan was approved last Friday and according to the municipality’s authorities, 44% of the funds will come from the municipality itself, 1% from the civil society, and 55% from partners.
The plan revolves mainly around three axes. The first aims to...
The price of a 50 kg bag of fertilizer is kept at CFA12,500 for the 2021-2022 agricultural campaign. The decision was announced by the government which explained it is part of steps to mitigate the impact of the Covid-19 pandemic and support farmers.
As part of these measures, the ministry of agriculture distributed over 80,000 t of farm inputs. Out of these, 38,000 t have been used. The...
Nouvelle société cotonnière du Togo (NSCT) started last Wednesday a 3-day workshop for its new field agents. This is to reinforce their skills, according to the firm’s management.
The new agents, 82 of them in all, will be trained regarding their function - technical and commercial, and be deployed later.
Ultimately, the workshop aims to boost Togo’s cotton production, by raising...
The first phase of the WACA ResIP (West Africa Coastal Areas Management Program) will begin next October. It will cover the towns of Gbodjomé, in Togo, and Sanvi Kondji, in Benin.
In Togo, this phase will include erecting seven groins (lines of rocks set perpendicularly to the ocean's edge or on a river bank to slow down water currents and limit sand movements) between Agbodrafo and...
During its latest council of ministers, held on Aug. 25, the Togolese government announced the creation of a program to take care of pregnant women and newborn babies. Named Wezou (or Life in English), the program is an extension of the State’s measure to subsidize C-sections in public health centers.
In detail, the State will support women; from the confirmation of pregnancy to delivery....
To help local businesses thrive, the Togolese government adopted a bill approving the micro, small, and medium enterprises (MSMES) chart. The document was adopted on Aug. 25 by the council of ministers.
The chart, according to Prof. Akodah Ayewouadan, minister of communication, will enable the government to “support businesses in completing land formalities, certification procedures and...
The council of ministers adopted, on August 25, a bill to regulate the movement of hazardous goods and waste in Togolese waters. This is two weeks after the document was presented by the minister of maritime economy and fishery.
Besides setting terms for transporting and handling the concerned products in ports and across the country, the bill should, according to official sources, “help...
China will help Togo deploy satellite television in 200 villages. This was disclosed last Monday by Qian Keming, China’s deputy minister of trade.
Keming said the two countries are moving well with signing letters of exchange to launch the project. “The Chinese side is committed to helping implement this project after the letters are signed,” the Asian official said.
Providing 200...