umoa-titres-togo-raises-cfa27-5-billion
Public Management - Last Monday, Togo closed a simultaneous issuance of T-bonds on the UMOA-Titres market. The country was able to raise a total of CFA36.5 billion for the...
Transport - Lomé-based airline Asky and US travel technology giant Sabre Corporation signed a multi-year agreement under which the latter is to help the former boost...
Health - Yesterday, the West African Economic and Monetary Union (WAEMU) Commission donated supplies and funds to the Togolese State, as part of support to its...
Economic governance - A new incubator for industrial businesses will be established in Central Togo. This was announced by Germain Essouhouna Mèba, the president of the...
Agriculture - The African Development Bank (AfDB) will support Togo with CFA782 million to implement the Youth Agricultural Investment Support Project (PAIAJ). The...
Public Management - Sectors that are most clobbered by Covid-19 will benefit from tax breaks. Adopted on July 30, these tax breaks are part of amendments to the 2020 finance...
Investments - To further tackle Covid-19, Togo will get from the African Development Bank (AfDB) €24.64 million. The provision of the facility, budget support, was...
Economic governance - Hundred first-time entrepreneurs will benefit from an incubation program developed by Togo’s chamber of commerce and industry (CCIT). The beneficiaries...
Transport - At last, planes which have been stuck for months on the tarmac of the Airport of Lomé due to anti-Covid 19 measures will be allowed to take off again, as...
Logistics - Togo Terminal (TT) wants to digitize all container billing operations at the Port of Lomé. The Togolese subsidiary of Bolloré Transports & Logistics,...
Agriculture - Launched on July 28th, the Yolim digital lending platform for Togolese farmers has already mobilized over FCFA5.5 billion (around $10...
Investments - Fifty million Euros (XOF38.2 billion). That is the amount of a loan the Ecowas Bank for Investment and Development (EBID) just received from the French...
Social - Two Togolese, Kako Nubukpo, and Pascal Agboyibor were featured in Jeune Afrique’s recent top 100 most influential Africans.  The first, Prof....
Public Management - Yesterday, July 27th, the University of Lomé (UL) and Cimtogo signed a partnership under which the former will develop industrial courses to meet the...
Public finance - For the second time, Togo will try to raise FCFA70 billion by issuing covid-19 bonds on the regional financial market. This is after garnering FCFA108...
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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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