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On Jan 26-27, major actors of the Togolese pineapple sector gathered to discuss the elaboration of a five-year strategic action plan to revitalize the industry and foster synergy among its various players.
The document is a new step towards integrated structuring of the sector which has, since 2019, many corporatist organizations. According to Kpindelesi Zangaba, chairman of the...
For the 2021-2022 agricultural season, the Ministry of Agriculture and Livestock plans to build 80 new planned agricultural development zones (ZAAP) across the five regions of the country. These will add to the already existing 38.
On the table for several years, this project aligns with the country’s five-year roadmap (going to 2025) and its ambitions to boost agricultural production....
From now till March 4, 2021, the Togolese government has launched an international tender to hire a construction firm that will maintain, throughout the year, 292 km of roads across the country.
The works, ordered by the ministry of public works, will be financed by the Société Autonome de Financement de l’Entretien Routier (SAFER). While the exact amount is yet to be revealed, the...
The United Nations Development Program (UNDP) will invest around $250,000 (CFA135 million) in 8 Togolese civil society organizations (CSO). The recipients operate in the following areas: natural resource conservation, environmental protection, and climate
The funds will be provided as part of the 11th round of funding of the Global Environment Facility Microfinance Program (GEF).
The...
In Togo, property owners will pay less tax, notably due to the reduction of the withholding tax on rent. This tax, paid by tenants of residential or commercial buildings, used to be 12.5% of the rent but it has been reduced to 8.5%. This corresponds to a 4% reduction in just 12 months.
The withholding tax used to cause disputes between landlords and their tenants. Often, the former would...
Quebec will fund an ecological and energetic project in Kloto, 100 km northwest of Lomé. The financing, around CFA250 million, will be provided to Canadian firm Biothermica Technologies, as a subsidy.
The Montreal-based company will steer the project, which in its first phase consist of setting up a waste collection system. In the second phase, a landfill with biogas collection...
The first batch of students trained as part of the Presidential Program of Excellence for the National Development Plan (PPEP) received their completion certificate on Jan. 27. The graduation ceremony was held at the presidency and was chaired by PM Victoire Tomegah Dogbé. The minister of higher education and research, Majesté Ihou Wateba, and the secretary-general at the presidency, Sandra...
Global Trade Corporation (GTC) is in negotiation to partner with Zalach Holding, Morocco’s top poultry company.
The news was announced by Maryux Godwin Alley, MD of the Togolese firm. The partnership aims to make GTC a major player in the poultry sector in West Africa.
More importantly, GTC’s goal is to control Togo’s whole poultry production chain, to secure its supplies, and...
As the Project to support employment and insertion of youth into promising sectors (PAEIJ-SP) comes to an end, a new one, the project to support youth-led agricultural investments (PAIAJ), is in the pipeline.
According to well-informed sources, the new project, which is yet to be launched officially, has been trusted with the team that coordinated the PAEIJ-SP. This, following a call for...
In addition to its last two successful issues, Togo will attempt to raise another CFA80 billion on the WAEMU-securities market this quarter. The related schedule was published on Jan. 26 by the agency.
The amount should be raised through four issues (with equal targets) spreading in February and March. It will be used to cover the country’s budgetary needs. Securities issued will mature...
The West African Development Bank’s (BOAD) first sustainable development bond issue on the international market was successful. Last week, the Bank issued a statement announcing the news.
According to the latter, the operation “recorded a huge success for international investors.” In detail, around 260 asset managers, banks, insurers, and various pension funds from the UK, US,...
KeyOps Tech, a startup specializing in digital tracking of transport and parcel delivery, will launch its services in Togo in February. The move aligns with the firm’s ambition to expand across the region.
The Abidjan-based startup said it delivered and tracked around 500,000 parcels with its KOTscan solution, since the beginning of this year.
KeyOps works in partnership with...
Global Trade Corporation (GTC), headed by Togolese business mogul Ghislain Awaga, is disbursing CFA3 billion to create an agro-food chain in Notsé (96 km from Lomé). This adds to another project launched by the mogul to build 1,000 housing units in the country,
The project, launched last week, involves creating a chain of production, transformation, and distribution of agricultural and...
This year, the transhumance campaign in Togo will start on January 31, and run till May 31, 2021.
This was disclosed by the ministry of livestock, in a press release. The ministry urged the various actors operating in the sector (“presidents of the prefectural transhumance committees, prefectural transhumance officials, farmers, NGOs and all partners”) to do what is necessary for the...
Togo raised CFA88 billion on the WAEMU-securities market, through its latest operation on the platform - a simultaneous issue of fungible treasury bonds. This is the amount retained for the triple issue in which Lomé initially expected to mobilize 80 billion from regional investors.
Overall, a note from the WAEMU-securities indicates, subscriptions to the issue amounted to 201 billion CFA (252%...
To run the Adétikopé industrial platform (PIA), Togo will learn from Gabon’s experience in this area.
Over the past two weeks, Idiola Sandah, general manager of the platform was in Gabon for a professional immersion visit at the administrative authority overseeing the Nkok privileged economic zone (ZERP). This is an industrial site located around 30 km east of Libreville.
During...