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Since it was established in 2012, the FAIEJ - a mechanism supporting young entrepreneurs -has loaned CFA4.5 billion to 3,600 startups, says the government.
In detail, the entity helped create 12,792 jobs, train 22,832 people, and sensitize 130,077 others. The population targeted by the FAIEJ are youth between the ages of 18 to 35, and sectors it focuses on include agriculture, agro-food...
A husbandry co-op training school (IFAD) will open in Barkoissi, by the end of October. In this framework, said the institution’s management on Aug 16, an exam to recruit the first batch (90 people) of students will soon take place.
Youth, aged from 16 to 29, who hold at least a junior-high certificate are eligible. The trainees will be taught how to raise cattle and poultry, and get training...
The 2022-2024 multi-year economic and budget planning document (DPBEP) was approved at the latest council of ministers, held on August 11.
The document, which was presented by Sani Yaya, Togo’s minister of economy and finance, should be adopted by the government in the following months. After that, it will be examined and discussed by the parliament, before they pass it as the new budget...
Between 2019 and 2020, the number of travelers passing through Lomé’s airport (AIGE) fell by nearly 50%. From 916,659 people, it reduced to 459,961, said the Togolese ministry of road, air, and railway transports.
The drastic drop was due to Covid-19, according to the ministry. As soon as the pandemic broke out in the country, the government had decided to shut air and road borders....
IB Holding, owned by construction mogul Mahamadou Bonkoungou, will get an 8.2% stake in the BTCI, one of Togo’s two remaining State-owned banks. This was disclosed by the government at the end of the council of ministers held on August 11.
Lomé said it has started selling part of its stake in the lender’s shareholding, “in line with its ambition to build partnerships with the...
To this end, the ministry of trade and industry issued a notice of interest to hire a firm that will handle the process.
The firm will, in detail, proceed to an assessment of the trade sector, recommend steps needed to tackle the challenges that this industry faces, and identify major commercial trends in The Togolese government looks to update the national policy for trade development...
The Togolese ministry for investment promotion launched two digital portals yesterday.
The first website (www.investirautogo.tg) provides specific, detailed information on 13 administrative procedures to go through when investing in Togo. The second platform (www.apizf.tg) is the website of the investment promotion and free-trade zone agency (API-ZF). It presents advantages of the various...
Last Thursday, Togo received 118,000 doses of the Johnson and Johnson vaccine. The batch was acquired through the African Union’s platform.
According to the press release that revealed the information, Togo ordered a total of four million doses of the Africa-made vaccine. It has several advantages: it is administered in one dose, comes in a bottle of 5 doses, and can be stored at a...
Payadowa Boukpessi and Sani Yaya, respectively the ministers of territorial administration and finance, urged local authorities to manage municipalities’ funds better
The two officials issued the related circular after the release of an analysis report that found several irregularities in the financial management of many municipalities.
The report, issued by the Court of Audit,...
In recent years, the rate of enrollment in Togolese primary schools reached 94%, placing the nation among the WAEMU States with the highest schooling rate.
In that economic community, Togo has the highest completion rate in primary education: 89%.
In detail, schooling rates in kindergarten, primary and junior high school currently stand at 37.2% (from 15.8%), 94.3% (from 86.5%), and...
The Togolese State spent CFA1.9 billion to cover registration fees for national examinations in 2021-2022.
The amount corresponds to the registration fees of over 484,755 candidates. The exams covered are the CEPD, BEPC, BAC1, BAC2, and BTS. Others such as the CFA, BT, CQP, BEP, CAP, and DTSA also benefited from the registration fee exemption.
The measure was part of promises made...
The President of TOGO, Faure Gnassingbé, and the British Prime Minister, Boris Johnson, met last Friday in London. This was on the sidelines of the global summit on education.
The two leaders, according to the Togolese presidency, mainly talked about Lome's reforms to improve the business climate and attract private investors in economic sectors with high potential.
They also discussed...
Lomé is currently hosting a two-day international conference on grassroots development. The meeting, which focuses on public policies benefiting grassroots populations, and began on July 29, is an initiative of the Organization for Economic Cooperation and Development (OECD).
The conference was opened by Togo’s PM Victoire Tomegah-Dogbe, Mario Pezzini, director of the OECD development...
His Excellency Faure Gnassingbé, President of Togo, and Boris Johnson, UK’s Prime Minister, were set to have a tête-à-tête on the sidelines of the Global Education Summit that just ended in London.
Announced by official sources, the meeting aimed to get both leaders to discuss the relationship between their countries, as well as bilateral cooperation. Also, it concerned Togo’s...
Transshipping operations in Togolese waters will be regulated henceforth. This was decided during a council of ministers held July 24, in Kara. A draft bill was examined in this framework.
Explaining the move, the government said that “though they developed in our country, taking into account security issues prevailing in our territorial waters,” transshipment operations are...
Over the past year, the government of Togo dedicated 48% of its revenue budget (grants included) on investments. This corresponds to CFA444 billion (out of CFA926 billion), according to the BCEAO.
Compared to 2019 where the country spent CFA234.7 billion (or 28.5% of its revenue budget that year) on investment projects, the amount disbursed last year has almost doubled.
When it...