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The Covid-19 vaccine is not yet available in Togo, let alone already being distributed. The confirmation debunking various rumors and fake-news circulating on social networks, causing the people to fear and panic, came from a statement issued by the ministry of health.
The ministry however noted that like many other countries, Togo “is getting ready to introduce the vaccine in the coming...
Togo’s post and telecommunication regulatory organ (ARCEP) has announced a number of measures regarding tariffs of communication and telecom services in the country. The measures aim to put some order in the sector and ensure transparency to favor consumers.
In a press release dated Friday, January 22, 2021, the body recalls “the principles of fair and reasonable pricing” which must...
For the coming 2021-2022 agricultural campaign, Togo seeks to set aside 80,000 tons of fertilizers for farmers. This was disclosed last week by the Centrale d’Approvisionnement et de Gestion des Intrants Agricoles (CAGIA).
“We have been instructed to inform the various agricultural actors about the need to have sales points in every canton. We have the obligation to store the stocks by...
African Lease, établissement financier spécialisé dans le crédit-bail, lance une solution de paiement mobile à destination des particuliers.
Il s’agit d’une application mobile baptisée Alease pay et disponible pour iOS et Android. Cette solution utilisable uniquement en prépayé ne nécessite pas de compte bancaire, ont indiqué les responsables de la...
On Wednesday, the UMOA-securities agency launched the 3rd edition of its public securities markets meetup (REMTP 2021).
Due to the pandemic, the three-day event is happening online via Zoom and on the agency’s YouTube account. The chosen theme for the 2021 edition is “Collective management and institutional investors: two levers to raise funds and boost the resilience of the public...
From now on, advertisements on digital platforms will be subject to the value-added tax (VAT) in Togo.
The reform is one of the innovations of the 2021 finance bill. It aligns with the public authorities’ ambition to broaden the tax base. The authorities wish to boost the State’s tax collection capacity, in a context where the current capacity is insufficient to meet public...
Over the past decade, the National Agency Supporting Grassroots Development (ANADEB) spent more than CFA100 billion in projects to reduce poverty and improve lives in Togo.
The institution, set up in 2011 by the government, focused mainly on micro-projects involving the construction of community infrastructure and support to local businesses.
Since its creation, the ANADEB...
In 2019, Togo’s mining exports slumped by 8.2%, from nearly CFA100 billion in 2018 to nearly CFA92 billion. The figures were revealed by the Central Bank of West African States (BCEAO).
In detail, clinker exports in 2019 made up 60% of the country’s mining exports that year. They generated CFA53.8 billion, up 1% compared to 2018. Benin, Ghana, and Burkina Faso were the main...
In line with the 2021 finance bill, Togolese craftsmen and micro-entrepreneurs operating in the informal sector will pay only CFA20,000 for the single professional tax (TPU), under the declarative region. The tax which cost 300,000 in 2020 was cut by 93% for the current year.
According to the Togolese Revenue Office, the reduction aims at aligning this tax with the minimum amount the...
Next Friday, the Togolese treasury will try to raise CFA80 billion on the UMOA-securities market. Proceeds will be used to meet Lomé’s financing needs under its 2021 budget.
In detail, the country will proceed to a simultaneous issue of fungible Treasury bonds which will mature respectively over 36, 60, and 84 months. These three categories of bonds come at annual interest rates of...
In 2018 and 2019, Togo’s fish output exceeded 37,000 tons (37,102 tons), according to data from the Fishery and Aquaculture Directorate (DPA) relayed by the official portal of the Togolese Republic.
Most of the production came from the fish port of Lomé. In 2018, the infrastructure produced 95% (17,260 t) of the total output the DPA reported that year. The following year, it produced...
“We noticed that some ill-intended individuals have been forging documents issued by the National Social Security Fund (CNSS), notably the social discharge,” declared Ingrid Awade, head of the Fund.
The document is issued by the CNSS to employers who regularly pay their social contribution. It enables them to proceed to administrative formalities, especially when they wish to take...
Last Monday, a workshop was held in Lomé to train agricultural experts from the member States of the African Organization for Intellectual Property. The focus of the workshop was new plant varieties and it aimed to boost agricultural yield and production.
Themed Technical Assessment for the Distinction, Homogeneity, and Stability of new plant varieties, the meeting is to last five days....
In 2019, agricultural exports from Togo generated CFA110.7 billion, up 9.4% against 101.2 billion in 2018. The figure was reported by the Central Bank of West African States (BCEAO).
The apex bank, assessing Togo’s balance of payments in 2019, further indicated that 62% of the exports were traditional cash crops, knowingly Cotton (51.7%), Cocoa (5.37%), and Coffee (4.63%), while 36.9%...
Two years after its last update, the motor vehicle tax has been amended again. The move aligns with Togo’s new finance law and it will introduce new tariffs for certain types of vehicles.
The news was disclosed on January 18 by the Togolese Revenue Office (OTR). According to the latter, the tax measure concerns tricycles, trucks, vans, road tractors, as well as some bikes, especially...
Last Saturday, Lomé hosted the launching ceremony for its campaign to officially take part in the 2020 Dubai World Expo to be held in the Gulf country from October 1, 2021, to March 31, 22.
The ceremony, organized by the Togolese Ministry of trade and promotion of local consumption, was attended by business owners and representatives of the nation’s employers’ association.
On...