togo-customs-and-tax-office-collected-cfa207-billion-in-q1-2024
Public Management - Togo’s Customs and Tax Office, the OTR, collected CFA207 billion in Q1 2024. This is 17% more than the amount collected in Q1 2023 – CFA176.8...
Public Management - Togo recently launched the Initiative for Climate Action Transparency (ICAT-Togo). Backed by the Secretariat of the United Nations Framework Convention on...
Health - In a move to address the high prevalence of cataracts in the country, Togo has launched a new public health campaign targeting the Lacs Prefecture in the...
Public finance - Togo raised CFA32.11 billion on the WAEMU market on June 24. The country’s treasury secured the funds via a simultaneous issue of fungible bonds (OATs)...
Economic governance - In a move to strengthen ties between the two countries, Togo and South Africa have signed an agreement exempting holders of diplomatic and service...
Economic governance - Lomé has been hosting a meeting of the subregion's customs directors general since Monday, June 24, 2024, to discuss the deployment of the Interconnected...
Agriculture - Bank of Africa Togo, Sunu Bank, and the Ministry of Agriculture sealed on June 19, 2024, a deal to help Togolese farmers secure affordable loans and buy...
Economic governance - Togo’s technical and financial partners (TFP) injected nearly $3 billion into the country’s development projects between 2018 and 2022.  The...
Finance - The Central Bank of West African States (BCEAO) will start testing on June 22 a new interoperable instant payment system covering all West African...
Transport - Singaporean Pacific International Lines (PIL) began transshipment operations at Lomé’s port a few days ago. Edem Tengue, Togo’s Minister for Maritime...
Finance - Togo was Benin's second-largest net foreign direct investment (FDI) provider in 2022.  This is according to data from the Central Bank of West...
Public Management - Togo’s Human Development Index stood at 0.547 in 2023, up from 0.539 in 2022. The country, however, dropped one sport, to 163rd. The figures were...
Agriculture - Togo will soon receive $200,000 (CFA122 million) from the United Nations Development Program (UNDP). The country will use the funds to draw its...
Health - On World Sickle Cell Day, June 19, the city of Kpalimé (Plateaux region) hosted key events aimed at tackling the disease. These included awareness-raising...
Agriculture - Togo’s Updated 2020 National Rice Development Strategy (SNDR 2) was reviewed last week in Lomé. The reviewing meeting took stock of projects falling under...
Public works - Lomé’s Palais des Congrès is closed for renovation. The works began this week, according to a press release from the Ministry of Public Works. "Due to...
Economic governance - A group of British investors is currently in Togo. They came as part a UK-Togo Trade and Investment Mission. The latter aligns with Togo’s ambition to...
Economic governance - Over €150 million (nearly CFA100 billion) were invested Togo's Plateforme Industrielle d'Adétikopé (PIA) has attracted over 150 million in...
Politics - Citizens of Sao Tome and Principe and Togo no longer need visas to visit each other. The two countries sealed a deal to this end on June 18, 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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