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On May 5, 2020, the ministry of economy and finance met with actors of the Togolese banking industry (the professional association of banks and financial institutions - APBEF), and the Central Bank of West African States (BCEAO).
The talks were centered on the impacts of the coronavirus on the Togolese economy, and especially on banking services, SMEs and agriculture.
Also, Sani...
Yesterday, Sani Yaya, the minister of finance met with microfinance institutions to assess the impacts of the Covid-19 outbreak on their activities and review the implementation of measures taken by the Central Bank.
On this occasion, Yaya reiterated the government’s commitment to supporting microfinance institutions.
“This crisis, and the situation of microfinance institutions,...
German cement group HeidelbergCement will contribute XOF20 million to the national solidarity fund recently launched by the Togolese government to fight the Covid-19 outbreak.
Eric Goulignac, managing director of the group which operates in Togo via Cimtogo, Scantogo, and Granutogo, said “it is natural that HeidelbergCement contributes to joint efforts to overcome the pandemic. It is a...
As the number of Covid-19 cases keeps rising in the country, Togo is about to proceed to large scale testing of its population.
According to The Guardian newspaper, the government should randomly test 5,000 people across the territory.
This should allow sanitary authorities to decide where and when the movement of people should be limited, better target actions -such as quarantine,...
Last year, the Togolese Office of Revenues (OTR) paid back more than XOF2 billion of VAT loans to business operators.
The amount makes 65% of a total of XOF3.2 billion the authorities should have reimbursed.
The OTR explained the non-payment of the remaining sum saying corresponding requests did not conform to their objectives. For example, some companies asked for money to purchase...
Last Tuesday, the national health insurance institute (INAM) and the Fund Supporting Youth-led Economic Initiatives (FAIEJ) inked a partnership agreement to train tailors and seamstresses so they make quality face masks amid the Covid-19 pandemic.
The masks in question will be reusable, washable, and sold at a subsidized price.
The move aims at preventing the spread of the virus in...
Tomorrow, May 7, all health ministers of the WAEMU will hold a videoconference to discuss practical steps to take towards implementing recommendations of the Union’s leaders relative to the Coronavirus.
Moreover, the officials will talk of ways to improve coordination to handle the pandemic at the community level. For example, they will look at sanitary measures that should be taken at...
The Teolis Foundation and GIZ, the German cooperation, have partnered to establish a digital College.
According to the two actors, the project aligns with their interest in digital professions and education which is key to emergence.
In effect, they say, the academy will enable its students to “travel, take certified courses from home at low costs, get remote jobs,” and practice...
In the first quarter of 2020, 3,668 new businesses were officially started, 25% of which were by women.
This figure corresponds to nearly 90% of all businesses started since the beginning of this year, knowingly 4,304 businesses, and 37.48% of the figure recorded throughout the past year).
In detail, 65% of the created firms since the year began were registered by private...
The University of Lomé (U.L) is giving away internet connection kits and smartphones to students. The move aims at helping them take online courses that the university resorted to due to measures taken by the government to contain the Covid-19 outbreak.
In effect, the tools which have unlimited access to the internet will help beneficiaries access the campus’ social, participative...
In Togo, the block-release training institute for development (IFAD) of Elavagnon will be giving online and distance classes since schools and other training centers have been closed due to the current Covid-19 outbreak.
In effect, the institute where aquaculture is taught will make sure learning continues while waiting for live classes to restart when current restrictions imposed to...
An average surplus of 70,000 tons of grains (corn, sorghum, millet, local rice) was recorded in the 2019-2020 campaign. This was reported by the managing director of Togo’s agency for food security (ANSAT), Ouro-Koura Agadazi.
Regardless of the surplus, says ANSAT’s head, “many grain production areas currently have stocks that have not been distributed.” There is, for example,...
Recent debt relief measures will have very little impact on Togo’s needs for financing, according to US rating agency Moody’s.
In a recent assessment of the Togolese economy released on April 27, 2020, the agency explains that for 2020, debt servicing to official lenders (bilateral and multilateral) equals only 1% of the GDP, while payment of external interest rates for its part...
Launched three weeks ago in the Grand Lomé region, the Novissi scheme has now been extended to the Tchaoudjo prefecture (330km from Lomé).
All informal workers, above 18 years old, who have a valid voter’s ID and can prove they have lost their income due to the Covid-19 response are eligible to benefit from the scheme.
Beneficiaries, women, and men, respectively get XOF12,500...
Edem Kokou Agbobli, PhD in communications, will be promoted on July 13 to the prestigious position of vice-Chancellor of research, creation and dissemination at the Université du Québec à Montréal (UQAM). The university’s board of directors appointed him during its meeting on April 30.
"It is with pleasure that I welcome Christian Agbobli to the UQAM management team. His scientific...
Yesterday, May 3, Faure Essozimna Gnassingbé, officially started his new five-year term as head of Togo. The leader was sworn in in the presence of various officials and important figures.
“I, Faure Essozimna Gnassingbé, elected President of the Republic, following the Laws of the Republic, solemnly swear to respect and defend the Constitution of the Republic of Togo, to loyally fulfill the...