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For the second time, Togo will try to raise FCFA70 billion by issuing covid-19 bonds on the regional financial market. This is after garnering FCFA108 billion by recently issuing the same bonds.
The proceeds of the new issuance will fill the gap in public treasury caused by the fight against the coronavirus pandemic. The issuance of the bonds -fungible treasury bonds- which have a nominal...
In the 2020-2021 agricultural campaign, the State will distribute 15,000 irrigation kits starting from November this year. This should guarantee food and nutritional security for rural households, by considerably boosting the country’s agricultural output.
The equipment should indeed enable rural farmers cultivate their crops off-season. Its provision falls under the government’s...
“From now on, the billing of import container delivery will be done only online.” The information was disclosed by Togo Terminal, a subsidiary of Bolloré Transports & Logistics in Togo.
While urging economic operators who are yet to have created their online account for import transactions, Togo Terminal emphasized that no direct delivery of import containers would be processed at...
Togo’s public procurement regulatory organ (ARMP) will build in Lomé a center to provide training related to public contracts.
The project aims at fostering economic performance by efficiently managing public procurements, and enhance skill development relative to the procurements.
The upcoming training centre will offer certified courses in various areas related to public...
This year, Togo will receive about XOF3 billion from the Global Peace Operations Initiative (GPOI). The latter is a US security scheme that aims to reinforce peace worldwide (through the United Nations).
The funds will benefit the army’s training centre for peace operations in Lomé. In detail, about $1.6 million will improve the centre’s facilities, $3.3 million will be...
Yesterday, the European Union provided Togo XOF4.9 billion in support of its State budget.
The related ceremony took place between Bruno Hanses, chargé d’affaires of the EU delegation, and Demba Ayaovi Tignokpa, the minister of development planning and cooperation.
It should be noted that earlier in June, the first facility also aimed at supporting Togo’s state budget was injected by...
Togolese civil society organizations (OSC) will receive training to better monitor the government’s actions relative to the budget.
This program is led by the Projet d’Appui à la Gouvernance Economique (Economic Governance Support Project -PAGE). The latter has launched a tender that closes on August 4, 2020, to hire an international individual consultant who will enhance capacities...
During the first half of 2020, more than 63,000 L of smuggled fuel was seized by Togolese security forces. This was disclosed in a recent report released by the ministry of security and civil protection.
Over the same period, 3,630 kg of cannabis, 0.7 kg of cocaine, 1.32kg of Tramadol (which has psychotropic effects), nearly 80,000 kg of illegal drugs, more than 3,000 fake guns, and...
The Ecowas permanent representative in Togo, Dr. Garba Lampo, has reached the end of his five-year mandate. The Nigerien diplomat was received yesterday by the prime minister with whom he reviewed the country’s performances and key projects such as the national development plan or PND.
Regarding the plan, Lampo declared: “The institutional facility for macroeconomic development put in...
The University of Lomé (U.L) and the Public Markets Regulatory Authority (ARMP) will hold on December 8, 2020, a forum on “the fight against corruption, ethics, and deontology in public administrations.”
During the conference, participants will focus on assessing mechanisms put in place to boost ethics and tackle corruption in WAEMU states, as well as how efficient they are. In this...
Togo seeks a consulting firm that will carry out a study assessing the living conditions of people located in the country’s mining areas. This falls under its Projet de Développement et de Gouvernance Minière - PDGM (Project for Development and Mining Governance).
In depth, Lomé’s goal is to know more about the positive and negative impacts of the mining sector on women and other...
After Lomé, where it started operations in 2018, Gozem is expanding to Kara, northern Togo.
Initially, only the firm’s zemidjan (moto-taxi) service will be available in the city. Other offers such as taxis, tricycles (for people and goods) should follow later.
Gozem is an uber-like startup founded by Nigerian Emeka Ajene. It operates through an app available on the Google Play...
Turkey’s minister of foreign affairs, Mevlüt Çavuşoğlu, is currently in Lomé.
The official’s visit aligns with the Asian nation’s will to boost its bilateral -diplomatic and economic- relations with Togo. In this framework, Ankara announced it would increase its investments in Togo in response to Lomé’s desire to build new partnerships with Turkish private businesses, in line...
The West African Science Service Centre on Climate Change and Adapted Land Use (WASCAL) plans to set up at the University of Lomé a state-of-the-art biogas production unit.
A virtual workshop was held last week at the WASCAL’s headquarters, which is located at the university. The meeting focused on laying foundations for the project, which falls under the Programme de développement des...
Togo could lose as much as XOF200 billion of tax revenues by the end of 2020. The information was relayed by the country’s minister of finance, Sani Yaya, who indicated on the same occasion that Togo was already recording a deficit of XOF35 billion in its tax income.
The official attributes the negative forecast to the cancellation of many taxes and customs duties in support of...
Togo’s minister of trade has recently ordered audits to “uncover the truth” about the alleged financial scandal involving the committee in charge of monitoring fluctuations in prices of petroleum products - the CSFPP.
The news, reported by Komlan Kondo who is the new coordinator of the CSFPP, comes after the dismissal of his predecessor, Francis Sossa Adjakly.
The Petrolegate...