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The interprofessional council of the soybean sector (CIFS) recently had its general assembly. On this, the council’s members said the sector needs to be restructured to generate more revenues.
“The government is currently working to develop the sector and promote the bean’s processing. This means the interprofessional has a special role to play, and this must be done through...
Present at the CIAN 2021 Africa Forum, Victoire Tomegah-Dogbé, the Togolese PM, said Togo is a leading reformer and a country committed to economic development, with many investments opportunities.
The Togolese, who gave the opening speech, also listed some of her country’s recent performances regarding improvements in the business climate and the handling of the Covid-19...
Last Tuesday, the Togolese parliament gave its approval for the government to ratify the Malabo Convention of Cybersecurity. The latter was signed by the African Union (AU) on June 27, 2014, in Equatorial Guinea.
Once the convention is ratified, Togo will be able to have tools to reinforce the institutional and legal frameworks of digital transactions, boost cybersecurity and fight...
The Forum Afrique CIAN 2021 begins today. The event is being held in Paris and broadcast on social media.
During the forum, Togo’s minister of investment promotion, Rose Kayi Mivedor, will present investment opportunities available in Togo, economic advantages, and incentives the country offers investors.
Midevor will do so during a panel hosted by Shegun Adjadi Bakari, Minister,...
Togo will soon adopt a national strategy to fight money laundering and the financing of terrorism. Around 60 actors of the private and public sectors gathered on June 30 for brainstorming on the elaboration of the document.
The National Unit for the Processing of Financial Data (CENTIF-TG), which organized the meeting, said the strategy will set actionable steps to curb...
In Togo, the Grand Lomé Autonomous District (DAGL) and 13 municipalities plan to soon sign a partnership agreement to boost funds mobilized for municipalities.
Mayors and officials from this district met in this regard last week and should meet again in the coming days to seal the deal.
Under the agreement, the DAGL will receive 10%-15% of revenues (non-tax and service revenues)...
In Togo, the export of some consumer goods is now subject to prior authorization by the government. Yesterday, the government issued a statement in this regard, announcing the strengthening of border controls.
"The government informs economic operators that the export of consumer goods such as maize, sorghum, millet, beans, rice, yams, cassava, and cassava flour is subject, until further notice,...
Togo’s tax authority, the OTR, will launch a fiscal marking campaign tomorrow, July 1st. The institution in this framework received some equipment and a software developed by Société industrielle et commerciale de produits alimentaires (SICPA).
The software will help inspect and assess the authenticity of tax stickers affixed to some products. As for the equipment, it includes SICPAMOBILE...
As part of its decentralization strategy, the Togolese government started a project to build city halls in 25 municipalities across the country’s five economic regions. The project will be financed under phase III of the Decentralization Support Program (PAD III), by the German development bank, KfW. The latter will inject CFA5 billion into the initiative.
Currently seeking a firm to carry out...
Togo’s power utility, the CEET, denied that electricity costs for prepaid users were increased, contrary to what some media recently reported.
“There has been no increase in electricity rates. Actual rates remain the same as that in effect since 2010,” the company wrote in a statement.
The CEET was backed by the minister of energy, Mila Aziablé, who also issued a...
Egypt’s new ambassador to Togo, Ahmed El Samawi, recently met with the President of the Special Consular Delegation of the Chamber of Commerce and Industry of Togo, Nathalie Bitho. During the audience, El Samawi talked about Cairo’s interest in encouraging Egyptian businesses to invest in Togo.
Covid-19 has impaired efforts and economic assets but it is time activities between our two...
To develop the poultry, corn, rice, and tomato sectors by 2030, Togo greenlit last week a strategy that requires CFA1,800 billion.
This plan should raise corn yield per hectare from 1.23 metric tons now to 6 metric tons while expanding cultivated areas dedicated to the crop to 35,000 ha for a yield of 211,000 t. According to the FAO which led the plan’s elaboration, this ambition...
The government of Togo has launched a vaccine passport, in line with its Covid-19 vaccination strategy.
This passport is reliable, secure, and can be verified. “It is unforgeable, accessible to all, and proves that a person was fully vaccinated against Covid-19,” the government said.
Delivered freely, the official document contains information related to the required number of...
The West African Development Bank (BOAD) has disbursed additional financing of CFA5 billion for the Sheik Mohamed Bin Zayed plant in Togo. The plant, which was inaugurated on June 22 by Faure Gnassingbé, had already benefited from a CFA7 billion facility from the regional lender.
The news was disclosed at the end of last week by the BOAD itself.
The new funds, the bank says, will...
India opened on Saturday, June 26, its embassy in Togo. That day, Sanjiv Tandon, the Indian ambassador to Togo, presented his credentials to Togo’s foreign affairs minister Robert Dussey.
The embassy was opened a day after Exim Bank of India signed an agreement to lend Togo CFA22 billion for a major electrification project covering 350 communities.
Also, Amea Power, an Indian power...
A few days ago, the executive board of the Banque Ouest Africaine de Développement (BOAD) approved the disbursement of CFA10.7 billion for some agricultural development works in Togo.
The works, which fall under the PATA-OTI, a project covering the Oti region, will specifically be carried out in the fourth zone (Sadori, Fare, and Koukombou) and fifth zone (Nali and Koulifiekou) of this...