togolese-state-welcomes-pia-and-arise-in-mifa-s-shareholding
Economy - The government has opened up the shareholding of the MIFA, a mechanism promoting agricultural financing in Togo, to the PIA, an integrated industrial...
Economy - The government plans to amend the chart of micro and medium-sized enterprises, to make it match the current economic and social context more. This was...
Economic governance - From October 5 to 7, this year, Lomé will host the Rencontres Africa summit, a gathering of French investors and African economic operators.  This...
Energy - Preliminary works for the construction of two solar plants, one at Salimde (in Sokodé), and another one at Awandjelo (Kara), will commence soon. Two...
Health - So far, the government of Togo has mobilized CFA363 billion out of the CFA400 billion it set its eyes on for its Covid-19 recovery and solidarity fund....
Public Management - Recently in Togo, Gerd Müller, Germany’s minister for economic cooperation and development, inked a new partnership with Togo. The €142 million deal...
Finance - Last Friday, Togo closed its fifth bond issue, with a 7-year maturity, on the regional money market. The operation, a treasury recovery bond issue,...
Investments - Olam International, the majority stakeholder in the New Cotton Company of Togo (NSCT), plans to invest CFA4.6bn in the 2021-2022 cotton campaign. It eyes...
Economy - On June 15, the Adetikope Industrial Platform (PIA) and the Togolese Institute for Agricultural Research (ITRA) signed a contract under which the latter...
Public Management - A development and urbanization masterplan will be adopted by six local municipalities. The project, led by the government, will be partly financed by the...
Economic governance - Togo’s trade deficit (including services) widened further last year. From CFA349 billion in 2019, it deepened by 31% to CFA460 billion, according to...
Public finance - From CFA105.9 billion in 2018, donations that Togo received from its technical and financial partners soared to CFA189.6 billion in 2020, up by 84%....
Economy - Togolese beekeepers and honey sellers are now allowed to export their produce to the European Union (EU), a market of 450 million consumers. This was...
Education - Yesterday, June 14, Togo’s PM, Victoire Tomegah-Dogbe, and Gerd Müller, Germany’s minister for economic cooperation and development, laid the first stone...
Oil and gas - Between 2018 and 2020, Togo imported CFA472 billion worth of petroleum products, data from the West African Development Bank (BCEAO) shows.  The...
Health - A few days ago, the World Bank approved a $29.5 million (about CFA16 billion) financing to help Togo ‘proceed to the vaccination of its population...
Energy - Togo should soon get more power supply from Nigeria, in the framework of the North Core project, a regional project. The latter is financed by the World...
Public Management - To help Togo manage the Covid-19 crisis, Germany has disbursed more than CFA6 billion. The figure was disclosed on Sunday, June 13, by the German minister...
Oil and gas -   More than CFA13 billion. That is how much the Togolese State spent on subsidies to petroleum products between January 2019 and May 31, 2021. This...
Image
Image
TOGOFIRST

Subscription to our newsletter

Receive daily news about public management, economy about Togo




LogoClimatAffaires

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.

 

Others

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.