Close to 25% of Togo’s maritime economy comes from second-hand goods imported from Europe. 9 out of 10 Lomé residents buy them on the market, from 2 to more 6 times a year. The Covid-19 pandemic has not slowed down this habit at all. “The used car park really is a big business centre and we estimate we have 3,000, sometimes 5,000 people who visit this place every day,” explains Editchao Bawabadi, who runs a used-car park in central Lomé. The success of this second-hand market can essentially be explained by the way Togolese people look out for the best deal. In the first quarter of 2020, the country imported $19 million worth of second-hand vehicles according to the Togolese Institute of Statistics and Economic Studies. A trend that continues in mid-2021.
SOURCE: AFRICA NEWS
Best Style Moments of Tems
To the World
From ‘The Woman King’ to Netflix’s ‘African Queens’ – How Africa’s History Went Pop
Who is Pretty Yende, the Soprano Performing at King Charles III’s Coronation?
Discover Dakar: From African Art to Rooftop Hangouts and Culinary Gems
Graffiti Now Covers the Walls of Libya’s Ancient City, a UNESCO World Heritage Site
When to Visit Malawi
The Beauty about Exploring Africa is that the Continent has a Lot to Offer
Ugandan Kids get Introduced to Irish Dancing Via Online Lessons
Get a Symmetrical Trim at this Kenyan Barber
Standard Bank Hosts Central Bankers to Demonstrate Africa’s Potential to Learn – and Lead
Ghana’s Debt Crisis is Affecting Companies Beyond its Borders