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Throughout May, prices of maize, millet, and sorghum in Togo were stable. This should continue in the coming months, especially in these three sectors and that of rice according to the latest economic outlook for Africa’s cereals market.
Moreover, the Togolese food security agency (ANSAT) restarted “collecting white rice with organized cooperatives to tackle pockets of food...
Transportation fares have not been reduced in Togo. The rumor circulating on social networks over the past few days was denied by the government.
The claims are “purely manipulative,” reads a joint statement issued by the ministry of transport and the ministry of trade and promotion of local consumption. “Tariffs for transporting people and goods in the country are the same set by...
The third international conference on social businesses and corporate social responsibility (CIESRES’20) will take place virtually, on June 29 and 30, 2020.
This year, the theme picked for the event is Social entrepreneurship and CSR: Concrete solutions to challenges and for innovation. Participants will include, as usual, advocates of the social solidarity economy (SSE), politicians,...
Lomé prepares to invest XOF46 billion in the PERECUT project (Programme d’Extension de Réseau Electrique dans les Centres Urbains du Togo). The latter aims at expanding the power network across the country’s urban centers.
The funds will be mobilized with the help of technical and financial partners including Agence française de développement (AFD), Germany’s Kwf, and the...
Clinker dealer Wacem-fortia has been allowed to sell its products in the Togolese customs territory “up till the demand of cement factories are met.”
The company was approved by the order of President Faure Gnassingbé. According to the local newspapers L’Union Pour la Patrie, the order lifted the 30% limit that companies operating in the free-trade area are allowed to sell in...
Banque de Développement du Mali (BDM) will be entering the Togolese market soon. According to the BCEAO’s latest updates on banks in the WAEMU, the lender obtained approval to set up a subsidiary in the country.
Among others, the update recalls that African Lease Togo - ALT- has also secured its accreditation to operate as a bank (via a ministerial decree issued on August 16,...
Under the second part of the Decentralization Support Programme (PAD 2), five Togolese municipalities will soon get economic and/or administrative infrastructures.
In line with the same project, the Lagbonou market in Aneho will be cleaned. Similar works should be carried out in Sotouboua (Sotouboua1) and Dapaong (Tone1). Moreover, a commercial center will be built at the...
The Togolese government should soon take concrete steps to help private schools cope with the Covid-19 crisis.
One of these steps includes “postponing for 3 to 6 months all tax payments for private schools,” PM Komi Sélom Klassou recently said.
Also, “the minister of economy and finance will discuss with banks so that they keep backing founders.” While further details...
The government’s decision to provide free electricity to the poorest in April, May, and June 2020 will cost it more than was expected.
According to sources at the ministry of mines and energy, the exact amount is around XOF6 billion, which is nearly one billion more than initially estimated (5.1 billion for the three months).
The measure in effect exempts the payment of bills for...
For its 2019 financial year, Oragroup reported a net income of XOF18.327 billion. This is 46.7% more than the year before where the bank reported a net income of XOF12.491 billion.
The figure was published as part of the lender’s latest financial statements, released ahead of its next general assembly scheduled for June 29, 2020.
Out of the amount reported, dividends that will be...
last Friday by Mazalo Katanga, managing director of the national agency for grassroots development (ANADEB) during a press conference.
“Novissi has ended but public policies are thinking of other ways to help populations,” Katanga said. The decision to halt the program follows the lifting of the curfew and lockdowns imposed to curb the spread of covid-19.
Let’s note that the...
In Togo, closed for the past two months due to the coronavirus outbreak, schools will reopen on Monday, June 15, according to official sources.
The decision, taken jointly by the government and actors of the education sector, only concerns final year pupils of primary and junior high schools; second and third-year students of senior high schools. Still, it is a precursor to the progressive...
The Togolese State is gradually appropriating new budgeting tools such as the programme-based budget which was introduced last year in replacement of the resource-based budget.
Indeed, actors of the planning, programming, budgeting, and monitoring chain (PPBSE) of the ministry of agriculture are currently getting to know more about these new tools; the training workshop began on June 11...
The ministry of grassroots development and craftsmanship has launched a project aimed at producing in the next two weeks, 1.2 million face masks. The latter will be distributed, at zero cost, to schools across the country since they are about to reopen.
The initiative is in effect steered by the national agency for support to grassroots development (ANADED) which is part of the ministry,...
Togo prepares to reopen its borders, restart flights, and reopen its schools. The news was disclosed by the national coordinating team in charge of the Covid-19 response (CNGR), in its latest weekly press briefing.
“We are progressively headed towards the reopening of borders, and the restart of flights as well,” said Col. Djibril Mohaman who heads the CNGR.
In this framework,...
Since the beginning of the year, the National Project for Rural Entrepreneurship Promotion (PNPER) has financed 69 business plans, disbursing XOF311 million in the process.
The government-led project is backed by the International Fund for Agricultural Development (IFAD). Its goal is to “progressively and sustainably transform Togo’s rural economy by supporting and promoting micro, and...