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Page : 32 - Results of 497 to 512 from 5853 Results

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09/09/2024
Togo has engaged in discussions with the Chinese defense sector during the FOCAC in China, aiming to enhance military cooperation between the two countries. On September 4, 2024, Togolese President Faure Gnassingbé met with Chinese Defense Minister Dong Jun in Beijing. They talked about strengthening Togo's military capabilities and developing road infrastructure. China is ready to provide its...
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07/09/2024
The Togolese Ministry of Labor recruits new competent teachers to bolster the education sector. On September 5, 2024, the ministry announced a national contest to recruit 4,386 state teachers. Applications will be accepted from September 9 to November 7, 2024, at regional education departments and regional technical education and vocational training inspectorates. Applicants, Togolese men and...
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07/09/2024
A fire broke out at the Port of Lomé on September 5, damaging three coasters, one of which sank. The incident occurred around 9 a.m. in the area where small coasters and tugs are usually parked. In response, the Port Authority announced plans to increase safety measures. Regular inspections and checks will be conducted to ensure fire-fighting equipment is operational. Economic operators at the...
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07/09/2024
Togo’s non-tax revenues rose to CFA12.38 billion in Q1 2024, up from CFA4.90 billion in Q1 2023 (+152.65%). The Lomé airport significantly contributed to the boom.   Recent data from the Budget and Finance Department shows that the airport paid the Treasury CFA5 billion in fees for rehabilitation works, twice the sum the State expected. The fees made up 40% of non-tax...
Togolese earned CFA422 billion from exports throughout the first half of the year. According to the country’s Institute of Statistics (INSEED), the figure is down 0.9% year-on-year (CFA426 billion. During the six months ended in June 2024, export revenues were the highest in March, standing at CFA81.3 billion. They stood at CFA63.8 billion and CFA64.6 billion in January and February,...
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05/09/2024
Members of the Decentralization Ministry’s top brass are participating in a training workshop on program budgeting. The workshop, which began on September 3, 2024, in Kpalimé, ends on September 8. It is part of an initiative to build capacity for preparing program budgets for the 2025 fiscal year. The goal is to help the ministry’s workers understand the steps necessary to set up a program...
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05/09/2024
German Group Heidelberg Material (formerly known as HeidelbergCement) is planning new investments in Togo, where it already operates through its subsidiaries SCANTOGO, GRANUTOGO, and CIMTOGO.  On September 3, 2024, Hakan Gurdal, the Group's Managing Director for Africa, the Mediterranean, and West Asia, announced these plans during a meeting with Togo's Prime Minister, Victoire...
Togo's Court of Auditors is pushing for greater female representation in public finance audit bodies, to achieve 30% women among financial magistrates and inspectors by 2025. The Court highlighted significant gender imbalances in these institutions. Currently, only one out of 20 magistrates at the Court of Auditors is a woman. At the Inspectorate General of the Treasury (IGT), all five officers...
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05/09/2024
Togo is expanding its partnerships on the sidelines of the 9th China-Africa Economic Forum (FOCAC 2024) in China. The Togolese delegation, led by President Faure Essozimna Gnassingbé, signed a memorandum of understanding (MOU) with the Haier Group, a global leader in household appliances, health, and energy. The MoU, which covers the health and energy sectors, comes as Togo continues efforts to...
Several heads of Togolese Micro, Small, and Medium Enterprises (MSMEs) recently participated in a two-day workshop to boost their capacities. Ended on September 4, the meeting was organized by the Ministry of Trade and Local Consumption.  Around 30 leaders, including members from the Togolese Group of SMEs, the FAIEJ, and the Togo Chamber of Commerce and Industry, took part in the workshop....
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05/09/2024
The Coordination Committee for Coffee and Cocoa Sectors (CCFCC) has extended the registration deadline for the 2024-2025 coffee and cocoa marketing season. The new deadline is September 16, instead of August 30. The CCFCC has also urged operators with incomplete applications to finalize their documents before the new deadline.  Approved cocoa and coffee exporters for the upcoming campaign...
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04/09/2024
Over the first quarter of 2024, Togo’s debt servicing stood at CFA269.17 billion, with 86% being domestic debt. The sum represents 40% of the debt servicing in 2023–CFA706 billion. Debt servicing comprises all payments made by the country to meet the financial obligations associated with its borrowings, including repayment of principal (the initial amount borrowed) and interest...
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04/09/2024
Since 2022, the Support Program for Vulnerable Populations (PAPV) has invested CFA1.2 billion to upgrade markets in nine areas of Togo's central region. These investments aim to boost the local economy and improve living standards. One of the beneficiaries is Kassena, where the market has been relocated to a modern five-hectare site. The new market features cantonal-type sheds, storage...
Togolese President Faure Gnassingbé arrived in Beijing on September 1, 2024, to attend the ninth China-Africa Economic Forum (FOCAC 2024). He met with Chinese President Xi Jinping on September 2, where they announced the upgrade of their relations to a comprehensive strategic partnership, the highest level in China's diplomatic relations.  According to the Togolese presidency, this move...
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04/09/2024
Togo recently launched a new issue on the UMOA Securities market. This time, Lomé has issued fungible treasury bills, seeking CFA30 billion. The operation closes on September 6. The bills issued have a par value of CFA10000 per unit and mature over 91 days. They carry multiple interest rates.  So far this year, Togo has raised CFA593 billion on the regional market. That is 97% of its...
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04/09/2024
Togo has officially joined the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) as its 50th member. This was announced on September 2, 2024.  Joining the ICIEC will allow Togo to attract investments and enable local businesses to secure export loans for locally-produced goods and foster socio-economic development.   Welcoming Togo, ICIEC’s...
 

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