waemu-economies-expected-to-grow-at-5-6-in-q4-2022
News - The West African Economic and Monetary Union (WAEMU) could record an economic growth rate of 5.6% this quarter. This is slightly above the rate forecast...
Economic governance - Gilbert Fossoun Houngbo is officially the new head of the International Labour Organization (ILO). The handover ceremony was held on September 30, 2022,...
Social - From now to June next year, 125,000 Togolese households should get nearly CFA19 billion in cash transfers from the government. This is part of a cash...
Economic governance - The Togolese Head of State, Faure Gnassingbé, met on Wednesday with Japanese PM Fumio Kishida. This is part of an official visit to Japan, said the...
Agriculture - Through its agency for the promotion and development of agropoles (Aprodat), Togo seeks to adopt new standards for food and agricultural products. The...
Finance - Financial inclusion keeps improving in Togo. This is shown in a report that was published on September 28, 2022, by the Central Bank of West African...
Finance - From October 1 to 5, 2022, Lomé will host the 26th edition of the African Reinsurance Forum. The event will be organized by the African Insurance...
Economic governance - Germany will support investment projects in Togo as part of its new partnership framework with the West African country. Recently, GIZ Resident Director...
Economic governance - In 2021, 983,969 tourists visited Togo, compared to 481,706 in 2020 when the country had been hit by Covid and related measures. The Minister of tourism,...
Economic governance - Togo just launched a new platform to promote its tourism sector. The digital portal, Togo Tourism, was presented today (September 27), by the Minister of...
Economic governance - The UN System and Togo are redefining their 2023-2026 country partnership framework for sustainable development. The two partners met in Lomé on September...
Economic governance - The World Bank may increase its financial support to Togo by a billion dollars. The institution’s new resident representative revealed the information...
Economic governance - The West African Development Bank (BOAD) greenlit the disbursement of CFA200 billion for an emergency rapid impact program for its member countries. It...
Economic governance - The third edition of the “Mois du Consommer Local” (Consuming Local Month) will be held next month. The ministry of trade and local consumption announced...
Formation - The construction of the U-Lab incubator of the University of Lomé (U.L) has effectively begun, three years after the project was announced. The foundation...
Transport - The pilot of a program to accelerate the launch of the Single Market for Air Transport in Africa (SAATM) will launch on November 14, 2022. Fourteen...
Economic governance - In Togo, two ministries just partnered to help some young local entrepreneurs advertise their services and products on State media. These ministries - the...
Economic governance - Togolese and Beninese customs are now interconnected, through the SIGMAT module (Interconnected Management System of Goods in Transit). The connection...
Agriculture - After being in the pipeline for nearly three years, the climate resilience project for Togolese coastal communities (R4C-Togo) was launched Tuesday,...
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REFORMS OVERVIEW

 

 

 

 

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

 

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts  • Creation of chambers of commerce at the Court of Appeal  • Civil and commercial cases now handled by distinct clerks  • Establishment of commercial courts in Lomé and Kara  • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

 

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

 

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

 

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

 

REGISTERING A PROPERTY  (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

 

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

 

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.

 

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