togo-the-2nd-edition-of-afis-summit-begins-in-lome
Economy - The Togolese President, Faure Gnassingbé, launched the second edition of the Africa Financial Industry Summit (AFIS) today, Nov. 28. The two-day event is...
Economic governance - Lomé will host, on December 1 and 2, a roundtable on access to water in Togo. In partnership with the French Development Agency (AFD), the ministry of...
Economic governance - Togo’s President, Faure Gnassingbe, was in Niamey on November 25, with other African leaders. They gathered for a meeting dedicated to Africa’s...
Economic governance - Faure Gnassingbe, the Togolese President, gave an audience to Ecobank’s new Managing Director, Jeremy Awari, last Thursday, November 24. According to the...
Economic governance - Lomé hosted an information meeting on the development of projects for the mobilization of climate finance, on 24 November 2022. The meeting was organized...
Energy - In Togo, the Agency in charge of Rural Electrification and Renewable Energies (AT2ER) wants to install 70,000 solar street lamps. It launched last week,...
Economy - Togo wants its share of the IDA20 package raised to better achieve the structural transformation of its economy. Last Monday, November 20, Sandra Ablamba...
Transport - This week, a facultative insurance seminar was held in Baguida (Lomé). Launched on November 21, the meeting’s theme was: “Regulation of facultative...
Economic governance - Mawulolo Yomo, PhD student, Life and Environmental Sciences, is the only Togolese among the 20 women scientists selected for this year’s edition of the...
Investments - Abu Dhabi Exports (ADEX) will lend Togo $25 million to expand the output capacity of the Mohammed Bin Zayed Solar Plant in Blitta. ADEX mentioned in...
Economic governance - The World Bank is preparing its next action strategy for Togo, through its 2023-2027 Country Partnership Framework. The Bank recently revealed that it is...
Economic governance - The Industrial Platform of Adetikope (PIA), located in Togo, has created over 3,000 jobs, direct and indirect, since it was commissioned in June...
Economic governance - Started in 2016, the construction of Kara’s new market should be completed on November 24, 2022, according to sources close to the project. The project...
Economic governance - Togo recently adopted a strategy to get rid of mercury, in small-scale and artisanal gold mining operations especially. The document, which was on the...
Security - President Gnassingbe of Togo is in Accra, Ghana, for the Accra Initiative, a summit where several Heads of State are gathered to discuss security issues...
Agriculture - In Togo, The Sheyi Emmanuel Adebayor Foundation (SEA Foundation) recently launched its agribusiness incubators for young Togolese. The launch ceremony...
Economic governance - Togo earned more last year from its goods exports than it did in 2020. The segment generated CFA748.6 billion or 7.1% more than 2020’s CFA695 billion. The...
Transport - Togo earned CFA111.1 billion from exporting transport services (by land, sea, and air) in 2021, or 6% more than it did in 2020 (CFA104 billion). The...
Economic governance - The European Union and Germany announced on November 18, 2022, additional financing to support the Emergency Program for the Savannes Region (PURS) in...
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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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