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In Togo, the ministry of trade and local consumption urged businesses that import fabrics and printed clothes in Togo to get the certification necessary to continue this activity.
Indeed, in a recent statement, the ministry recalled the decree issued on June 20, 2020, that imposes the prerequisite to businesses importing the products concerned. This is in a context where it was found that...
It will cost CFA719 million to supply power to Kara’s agricultural park and all six communities living on the site. The announcement was made by Agence Togolaise d’Électrification et des Énergies Renouvelables (AT2ER), in a statement revealing the winner of the contract for electrification works.
According to the statement issued on January 12, 2021, e-HUB - a Togolese firm- will...
From 340,000 tons in 2018, Togo’s mango production increased to 370,000 tons in 2019. The 8.8% rise was reported by the Official Portal of the Togolese Republic.
Over the period, yield per hectare grew from 3.7 to 4.5 tons. In Togo, the mango fruit is grown over a little more than 1,500 hectares in total, with the most cultivated varieties being the Kent, Palmer, Eldon, and...
To fast-track the deployment of fiber optics across the country, the Togolese government adopted a new decree imposing all persons and firms undertaking construction projects to systematically deploy the fiber, at their own cost.
Togo First was informed of the reform last Thursday, by the minister of the digital economy and digital transformation, Cina Lawson.
Specifically, the decree...
The Covid-19 vaccine should be available in Togo between May and June. This was announced by the Togolese minister of foreign affairs, Prof. Robert Dussey, in an interview with Israeli TV channel i24news.
While the situation in West Africa is already “under control”, Dussey insisted that the vaccine would help the Togolese population live normally. He supported the Covax initiative to...
Yesterday, the workshop to validate the national strategy to promote local consumption in Togo came to an end. The two-day meeting was organized by the Ministry of Trade, Industry, and Local Consumption.
The strategy, ordered by the ministry, was elaborated with support (technical and financial) from the European Union (EU). It focuses on boosting investments in key sectors (like...
Nigerian power developer, Daystar Power, plans to start operating in the Togolese, Senegalese, and Ivorian markets. This is after raising $38 million with the help of the Investment Fund for Developing Countries (IFU), a Danish bank, and Morgan Stanley Investment Management.
The Nigerian firm, in effect, wants to expand access to solar power in West Africa, to 100 MW from its current...
Between 2015 and 2019, nearly CFA2,200 billion were transferred via Flooz and T-Money. The figure was reported by Togo’s minister of the digital economy and digital transformation, Cina Lawson, in a note addressed to the head of the PDP-NET (a parliamentary group) and deputy, Gerry Taama.
In detail, Moov’s mobile money platform, Flooz, is the most used in Togo with transfers exceeding...
Though it is dealing with multiple issues related to the quality of its services, Togocom’s T-Money mobile money platform recorded an “exceptional growth” last year. At the end of November 2020, transactions via the platform amounted to CFA518 billion, said Cina Lawson, minister of the digital economy and digital transformation, in a recent message to deputy Gerry Taama who heads the...
The High Authority for the Prevention and Fight against Corruption and Related Offenses (Haplucia) launched a call for proposals to recruit three consultants to draw the national strategy to prevent and fight corruption and related offenses.
The document will improve the visibility of the Haplucia which struggles to efficiently tackle corruption in Togo.
It should be recalled that...
In Togo, outstanding loans granted by microfinance institutions in H1 2020 grew by 5.3%. This was revealed in the BCEAO’s latest analysis on the economic situation of the West African Economic and Monetary Union (WAEMU).
The performance, which is slightly higher than that recorded in H1 2019 (5.1%), makes Togo the fourth economic driver in the WAEMU. It comes behind Ivory Coast...
An eco-tourism site will soon be built in Akébou, a prefecture located in the Plateaux region.
Experts from the ministry of tourism met last Tuesday to discuss the project. The related meeting was opened by the minister of tourism, Kossi Gbenyo Lamadokou.
According to Dr. Adata Kossi who is in charge of the economic and financial assessment of the project, the latter “will involve...
The Togolese economy is expected to expand by 3% in 2021. The forecast was disclosed in the World Bank’s latest Global Economic Outlook report published this month.
With the projection, the Bretton Woods institution consolidates perspectives for a rebound this year. However, the figure announced by the Bank is lower than the 4.7% growth rate Lomé hopes for, “provided that the pandemic...
As of Dec. 31, 2020, the sum of loans granted by the National Fund for Inclusive Finance (FNFI) had exceeded CFA98 billion, according to recently released statistics.
In the months closing the year 2020, the institution had provided more than CFA11 billion via its partnering microfinance institutions.
Let’s recall that in 2019, loans provided by the FNFI amounted to CFA87 billion,...
Between 2017 and 2019, Togo’s pineapple output grew by 11.6%, from 27,000 tons to 30,149 tons. The sector, which employs more than 3,200 producers, generated over CFA6 billion per year over the period reviewed. Out of this sum, the State got more than CFA200 million.
The pineapple industry, mainly oriented towards processing and export, produces more than one million liters of pineapple...
Besides the Covax initiative to ease access to the novel coronavirus vaccine, Togo is seeking other ways to acquire it - notably through a partnership with the U.S firm Pfizer BioNTech. This was disclosed by the national team coordinating the response to the pandemic (CNGR), last Wednesday.
“We will have doses well before the arrival of covax vaccines in June,” said Col. Djibril...