afcfta-togo-launches-national-consultations-to-take-stock-of-women-entrepreneurs-needs
Public Management - The ministry of trade, industry, and local consumption launched yesterday the National consultation Day on women's involvement in intra-African trade. The...
Economic governance - Over the past year, the government of Togo dedicated 48% of its revenue budget (grants included) on investments. This corresponds to CFA444 billion (out...
Economic governance - Over the past eight years, Africa Global Recycling (AGR) has collected, transformed, and valorized more than 10,000 t of waste products, according to...
Economic governance - To support its diaspora’s contribution to national development, the Togolese government has drawn an “Estival Agenda for the Diaspora”. In a recent tweet,...
Economy - Before the automated branding system was introduced, respectively 80% and 40% of the beer and tobacco products that were imported and sold in Togo evaded...
Economic governance - FAIEJ, a fund supporting youth-led businesses, and UNDP-Togo launched last Monday the Togolese Facility for Acceleration and Innovation (FTAI). This is a...
Agriculture - Lomé’s fishing port garnered over 1,324 tons of fish between January and May 2021. The figure, which is up 36% compared to the same period in 2020, was...
Transport - The World Bank will disburse $470 million to support the Lomé-Ouagadougou-Niamey (LON) road corridor project. This was reported by Agence nigérienne...
Finance - Out of the 13 banks present in Togo, 12 offer digital services. This was disclosed by the minister of economy and finance, Sani Yaya. The services...
Economic governance - In Togo, the consumer price index moved from 110.7 in May, to 112.5 in June (+1.6%). This is according to the country’s statistics, economic and...
Economic governance - Faure Gnassingbé, the President of Togo, and other African leaders are in Accra, to attend the unveiling of a statue celebrating Niger’s former president,...
Investments - The Togolese Minister of Foreign Affairs Robert Dussey received yesterday, July 15th, Saudi Arabia's Ambassador. The two diplomats mainly discussed...
Finance - Sani Yaya, Togo’s minister of finance and economy, recently urged the country’s banks to double down on efforts to innovate their services and financial...
Economic governance - The government issued a tender notice to recruit consulting firms that will assess accounts of public institutions in 2021, 2022, and 2023. The closing...
Finance - Seeking CFA25 billion, Togo issued last Wednesday fungible treasury bonds on the WAMU securities market - an issue set to close on July 23,...
Transport - Experts from the Togolese and Nigerien transport administrations held on July 14 a work session in Lomé, Togo’s capital. The meeting took place on the...
Economic governance - President Faure Faure Gnassingbé is currently in Abidjan. The leader is attending a summit dedicated to the 20th edition of the International Development...
Finance - Togo has officially joined the shareholding of the Africa Finance Corporation (AFC), two and a half years after becoming a member. This was disclosed...
Agriculture - From August 19 to 21, 2021, Lomé will host the first edition of the Togo Food Safety Week. This was disclosed by the MIFA S.A (Mécanisme Incitatif de...
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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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