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Lomé has been hosting a meeting of the subregion's customs directors general since Monday, June 24, 2024, to discuss the deployment of the Interconnected System for the Management of Goods in Transit (SIGMAT) on the Abidjan-Lagos corridor. The work, which is part of the activities of the ECOWAS commission, aims to "discuss the deployment of SIGMAT in member countries," explained Piguendéléwè...
Togo’s Customs and Tax Office, the OTR, collected CFA207 billion in Q1 2024. This is 17% more than the amount collected in Q1 2023 – CFA176.8 billion. The figures are derived from the Tableaux des Opérations Financières de l'Etat (TOFE) for 2024.
The CFA207 billion was broken down into CFA108.6 billion secured by the tax department and CFA99.3 billion by the customs department....
Bank of Africa Togo, Sunu Bank, and the Ministry of Agriculture sealed on June 19, 2024, a deal to help Togolese farmers secure affordable loans and buy modern equipment. Funds provided under the deal will finance input purchase, mechanization, and irrigation systems.
BOA Togo will open a leasing line for 50 tractors and accessories over five years. Sunu Bank, for its part, will provide...
Togo’s technical and financial partners (TFP) injected nearly $3 billion into the country’s development projects between 2018 and 2022. The figure was disclosed on June 19, during a meeting between the Minister Secretary General of the Presidency, Sandra Ablamba Johnson, and some TFPs.
Socio-economic projects received particular attention, per the government's Togo 2025...
The Central Bank of West African States (BCEAO) will start testing on June 22 a new interoperable instant payment system covering all West African Economic and Monetary Union (UEMOA) countries. The Bank just announced the launch, stressing its importance for expanding financial services in the Union.
Instant"transactions"
The new payment system will be online 24/7. It will allow users to...
Singaporean Pacific International Lines (PIL) began transshipment operations at Lomé’s port a few days ago. Edem Tengue, Togo’s Minister for Maritime Economy, officially announced this on June 19.
PIL started operations right after the Kota Tema, one of its latest vessels, docked at the port of Lomé. The launch marks the company's definitive presence in Togo, two years after it...
Togo was Benin's second-largest net foreign direct investment (FDI) provider in 2022. This is according to data from the Central Bank of West African States (BCEAO).
China was first and Lebanon was third. Burkina Faso, India, Morocco, Brazil, Congo, and Switzerland followed.
Net FDI flows represent the difference between inward and outward FDI. Over the period concerned, Benin...
Togo’s Human Development Index stood at 0.547 in 2023, up from 0.539 in 2022. The country, however, dropped one sport, to 163rd.
The figures were publicized on June 18 in Lomé at the official launch of the latest UNDP Human Development Report. UNDP representatives, Togolese officials, and local and traditional authorities attended the ceremony. Sandra Ablambla Johnson, Minister-Secretary...
Togo will soon receive $200,000 (CFA122 million) from the United Nations Development Program (UNDP). The country will use the funds to draw its costed Climate Strategy. The announcement was made on June 18, 2024, in Lomé, during the national validation of Togo's vision for long-term low-carbon and climate-resilient development.
According to Seynabou Diaw, UNDP Deputy Resident...
On World Sickle Cell Day, June 19, the city of Kpalimé (Plateaux region) hosted key events aimed at tackling the disease. These included awareness-raising activities and free screening.
Togo’s Research Centre on Sickle Cell Disease carried out the awareness-raising sessions and free screening. The activities covered 600 young pupils, apprentices, and school dropouts in Kpalimé.
On June 18,...
Togo’s Updated 2020 National Rice Development Strategy (SNDR 2) was reviewed last week in Lomé. The reviewing meeting took stock of projects falling under the strategy and their implementation level.
On the occasion, key stakeholders of the rice sector highlighted how the ministry of agriculture supported farmers, by providing inputs and technical advice. This support, the stakeholders...
Lomé’s Palais des Congrès is closed for renovation. The works began this week, according to a press release from the Ministry of Public Works.
"Due to renovation work, access to the said palace is temporarily closed from Monday, June 17, 2024, until the completion of the work planned for this purpose," the release indicates. "The Minister of Public Works is counting on the good understanding...
A group of British investors is currently in Togo. They came as part a UK-Togo Trade and Investment Mission. The latter aligns with Togo’s ambition to secure more foreign financing for top priority projects. The mission, scheduled from June 18 to 19, is initiated by the DMA Invest investment fund and is a follow-up to the Franco-British Trade and Investment Forum (WCAF) in West and Central...
Over €150 million (nearly CFA100 billion) were invested Togo's Plateforme Industrielle d'Adétikopé (PIA) has attracted over 150 million in investments since opening in 2021. The Ministry of Economy and Finance disclosed the figure in its quarterly review of the Togolese economy.
Beyond the investments, the PIA has generated €8.8 million (5.7 billion CFA francs) in various taxes...
Citizens of Sao Tome and Principe and Togo no longer need visas to visit each other. The two countries sealed a deal to this end on June 18, in Lomé.
The deal, according to Togo’s ministry of foreign affairs, covers all passport holders. "Through the agreement signed today, holders of all types of passports will be able to travel reciprocally in both countries, visa-free for stays not...
In Togo, telecom users have until Sunday, June 23, to participate in the ongoing Customer Satisfaction Survey of the ARCEP, the country’s telecom watchdog.
Launched on June 3, the survey aims tp assess the quality of services provided by fixed, mobile, and postal operators, as well as by ARCEP itself. The main objective is to “measure the overall satisfaction of consumers, users, and...