togo-s-koutammakou-landscape-will-be-restored-with-cfa3-billion
Public Management - Togo plans to restore the Koutammakou landscape, a UNESCO cultural heritage site. The estimated cost of the works is CFA3 billion, according to the...
Economic governance - The Chamber of Commerce and Industry of Togo (CCI-Togo) and the National Chartered Accountants Order of Togo (ONECCA) signed Thursday, February 2, 2023,...
Economic governance - Today ends a 3-day WAEMU expert meeting on financing sustainable and resilient agriculture. The meeting, held in Lomé, was initiated by the Banque Ouest...
Social - Togo plans to dedicate CFA13 billion to food security this year. The amount is fixed in the 2023 finance bill and represents 25% of the total budget...
Energy - The Regional Emergency Solar Power Intervention Project (RESPITE) is online. The project, which aims to boost access to electricity in Togo, Sierra Leone,...
Investments - Over the next three years, “Moi Jeu Tri” a Togolese association specializing in waste transformation, will boost its operations with a grant...
Finance - The ECOWAS Bank for Investment and Development (EBID) recently secured a dual-currency line of credit from the African Development Bank (AfDB). The...
Social - The government of Togo will allocate CFA21 billion to its Universal Health Insurance (UHI) project this year. The sum, set in the 2023 Finance Law, is 10%...
Banking - In addition to large companies, financial institutions, and NGOs, Société Générale Togo now does business with MSMEs. The lender announced the update on...
Economic governance - From now on, the chairman of the Chamber of Commerce and Industry of Togo (CCI-Togo) no longer has a salaried status. However, all professional expenses...
Economic governance - The World Bank Group plans to mobilize CFA95 billion for social projects in Togo. The Bank’s representative in the country, Fily Sissoko, made the...
Economic governance - Togo must strive to achieve food self-sufficiency to accelerate its economic development. Faure Gnassingbe, the Togolese president, voiced this opinion...
Energy - In Togo, the price of diesel and Jet A1 has fallen slightly. For diesel, the price is down to CFA775 from CFA850 FCFA per liter. As for jet fuel which is...
ITC - To better help banks and financial institutions tackle cyberattacks, Togo’s cybersecurity agency (ANCY) recently organized an awareness-raising and...
Economic governance - Lomé will host the 8th edition of the UEMOA Small and Medium Enterprises and Banks fair on Feb 7-10, 2023. The event’s theme is "Financing and Investment...
Public finance - Togo obtained CFA30 billion in its second issue on the WAEMU market this year. The country retained the amount out of CFA46 billion mobilized by regional...
Transport - The Road and Rail Transport Office of Togo (DTRF) generated over CFA3.9 billion in revenues in 2021 (by the end of November). The entity disclosed the...
Economy - The World Bank’s branch in Togo launched this week, consultations with various development actors, towards the elaboration of its new Country Partnership...
Social - The Togolese government plans to spend CFA25 billion on water supply projects this year, according to the 2023 finance bill. The sum is 8% higher than...
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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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