Lomé to host Africa Hotel Investment Forum in April
Togo is to host an additional Africa Hotel Investment Forum (AHIF) on April 5 and 6 2016 to run parallel with two major development initiatives designed to enhance the country’s standing as a strategic investment destination for business and tourism. AHIF conferences bring together international investors, business leaders, government ministers and top officials from across Africa. It also reflects the country’s optimism about further economic expansion.
Lomé’s new airport terminal will increase passenger capacity from 400 000 to two million, and triple the international airport’s passenger and cargo potential. It will accommodate direct flights from Cairo, Turkey and Dubai. Within the next decade the expansion of the capital’s sea po…
Gnassingbe re-elected, Opposition rejects Results
Opposition leader Jean-Pierre Fabre (photo) said on Wednesday that results announced by the election commission late Tuesday were fraudulent and did not match those from polling stations compiled by his party. He called for results to be canceled. The election commission chairman, Taffa Tabiou, announced late Tuesday night that Gnassingbe won 1.2 million votes, about 59 percent of the poll in Saturday’s election. His main challenger, Jean Pierre Fabre, had 35 percent of the vote, the commission said.
But Fabre on Wednesday called the results fraudulent and demanded a cancellation of results. “I call on the people to mobilize by all legal means to counter this new coup,” he said, accusing the government of refusing to organize free and…
New Code for Incentives in Togo
To boost the economy, Togo has established a number of instruments including a flexible and reassuring labour code and a new incentive code of investment whose main objectives are to encourage investment geared towards exports, increase employment of Togolese workers, promote the creation of national small and medium businesses, and to exploit local resources. It encourages the private sector to play a vital role in economic output. The new Code is based on granting incentives related to results, encouraging businesses to move towards appropriate activities. It was drafted taking into account the new customs tariff and the law on the status of the Free Zone.