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Over the past eight years, Africa Global Recycling (AGR) has collected, transformed, and valorized more than 10,000 t of waste products, according to Edem d’Almeida, founder and MD of AGR.
Speaking in an interview, d’Almeida added that “in 2020 alone, 20,000 t were processed, despite the health crisis’ impact on our activities.”
Committed to protecting the environment...
Via a decree issued on July 19, 2021, the Togolese minister of finance Sani Yaya established “a committee to monitor the repayment of funds collected by firms that conduct illegal financial and monetary activities.”
The new entity will “hold meetings with the top management of concerned firms, proceed to legitimacy controls, assess their financial situation, and fix modalities to reimburse...
The ministry of trade, industry, and local consumption launched yesterday the National consultation Day on women's involvement in intra-African trade. The launch, which took place in Lomé, aligns with the implementation of the African Continental Free Trade Area (AfCFTA).
The ministry, through the said consultations, plans to provide women with a platform to express their needs and interests,...
To support its diaspora’s contribution to national development, the Togolese government has drawn an “Estival Agenda for the Diaspora”. In a recent tweet, Robert Dussey, minister of foreign affairs, disclosed the information.
The scheme targets Togolese nationals who have returned home for the summer vacations. It will, in effect, provide technical and administrative support to those...
Before the automated branding system was introduced, respectively 80% and 40% of the beer and tobacco products that were imported and sold in Togo evaded control by the tax administration. The information was reported by Africatimes.
The news outlet said Togo lost over CFA3.5 billion and CFA2.5 billion as a result of the products mentioned not being taxed. Combined, this sum makes nearly...
FAIEJ, a fund supporting youth-led businesses, and UNDP-Togo launched last Monday the Togolese Facility for Acceleration and Innovation (FTAI). This is a CFA265 million fund to back local innovative and ambitious entrepreneurs.
The fund, which should bolster business creation and generate more jobs for the youth, will benefit startups and incubators.
“It is a facility that...
Lomé’s fishing port garnered over 1,324 tons of fish between January and May 2021. The figure, which is up 36% compared to the same period in 2020, was disclosed by the Togolese ministry of maritime economy, fishing, and coast protection.
The ministry attributes the increase to newly-built infrastructures at the port. “This is a significant development for artisanal fishing in...
The World Bank will disburse $470 million to support the Lomé-Ouagadougou-Niamey (LON) road corridor project. This was reported by Agence nigérienne de presse.
The infrastructure, which spans 1,065 km, will boost trade between Togo, Burkina Faso, and Niger. Moreover, it will accelerate the transportation of export goods passing through the port of Lomé. In detail, trucks will spend 62%...
Out of the 13 banks present in Togo, 12 offer digital services. This was disclosed by the minister of economy and finance, Sani Yaya.
The services mentioned - financial and non-financial - help inform, support, and council customers in managing and controlling their transactions.
According to Sani Yaya, two lenders launched Whatsapp-based mobile banking, enabling their customers to...
In Togo, the consumer price index moved from 110.7 in May, to 112.5 in June (+1.6%). This is according to the country’s statistics, economic and demographics institute (INSEED).
The rise was driven by a 3.4% increase in prices of food and non-alcoholic drinks, a 3.4% increase in the cost of transportation, and a 0.8% increase in prices at hotels and restaurants. Moreover, prices of...
Faure Gnassingbé, the President of Togo, and other African leaders are in Accra, to attend the unveiling of a statue celebrating Niger’s former president, Mahamadou Issoufou, for his contribution to the African Continental Free Trade Area (AfCFTA). The statue is at the AfCFTA Secretariat.
After the unveiling, reports Graphic Online- a Ghanaian media, President Nana Akufo Addo should...
The Togolese Minister of Foreign Affairs Robert Dussey received yesterday, July 15th, Saudi Arabia's Ambassador. The two diplomats mainly discussed cooperation between Lomé and Riyadh, as well as potential investments the latter could make in the former.
"Together, we reviewed our bilateral cooperation and investment prospects of Saudi Arabia in Togo. We examined the possibilities of bilateral...
Sani Yaya, Togo’s minister of finance and economy, recently urged the country’s banks to double down on efforts to innovate their services and financial products. This was during the National Credit Council (CNC), which he chaired.
The official believes banks need to develop new, enhanced services and products considering businesses’ current investment and operational...
The government issued a tender notice to recruit consulting firms that will assess accounts of public institutions in 2021, 2022, and 2023. The closing date for bid submission is July 30, 2021.
The audit mainly covers public companies, public administrations, State funds, or independent organizations that received State subsidies for the years concerned.
The selected auditor will...
Seeking CFA25 billion, Togo issued last Wednesday fungible treasury bonds on the WAMU securities market - an issue set to close on July 23, 2021.
In detail, the bonds have a nominal value of CFA10,000 and will mature over 10 years, at an interest rate of 6.2% per annum. The proceeds will be used to support the recovery of the Togolese economy post-Covid-19.
“The present issue,...
Experts from the Togolese and Nigerien transport administrations held on July 14 a work session in Lomé, Togo’s capital. The meeting took place on the sidelines of a visit by Niger’s minister of transport, Oumarou Malam Alma.
On this occasion, the two parties assessed the concerns of actors operating in the sector and of those who use the Lomé-Niamey road.