togo-has-the-cheapest-and-fastest-ftth-offer-in-the-waemu-arcep
Economy - Togo is the country with the cheapest and fastest fiber optic internet offers within the West African Economic and Monetary Union (WAEMU). ARCEP, Togo’s...
Economic governance - As the world keeps dealing with wheat supply issues spurred by the war in Ukraine, the Togolese authorities encourage the transformation of local tubers...
Transport - From now on, Gozem taxi-bike riders can pay for fuel at any TotalEnergies gas station via their Gozem Champion wallet.  The two companies inked an...
Agriculture - During the 2021-2022 cotton season, Togo had an output of 50,000 t, against 130,000 t expected. This is about 25% lower than the 66,000 t recorded in...
Transport - M Auto Electric Mobility, an electric car maker based in the Adétikopé industrial zone, has officially launched two brands of electric bikes on May 22,...
Economic governance - During an audience, last Thursday, International Business Bank Togo’s MD, Tahari Nabil, told Togo’s PM, Victoire Tomegah-Dogbé, that the lender would...
Finance - Next Friday, May 27th, Togo will seek CFA35 billion on the UMOA-securities market. The country’s treasury will, to this end, issue recovery bonds with a...
Logistics - Edem Tengue, Togo’s minister of maritime economy, recently addressed the acquisition of Bolloré’s port assets in Togo by MSC, the world’s largest...
Telecom - To better impact consumers, Togo’s Electronic Communications and Posts Regulatory Authority (ARCEP) will bet on regulation by data and capacity building...
Economic governance - The UN Development Program (UNDP), the Organization for Economic Cooperation and Development (OECD), and France will help Togo better tackle tax...
Economic governance - The new director-general of the International Labor Office, Gilbert Fossoun Houngbo, met with President Faure Gnassingbé last Tuesday, May 17, in Lomé....
Economic governance - The government of Togo recently reminded the country’s mass consumption exporters that the export of mass consumption goods is subject to prior...
Agriculture - From May 16 to 31, the indicative price to the producers of superior quality cocoa has been set at CFA905 per kg, down 6% compared to the price set for...
Formation - As part of the African Union’s Skill Initiative for Africa (SIFA) support mechanism, Germany’s development fund, KfW, will provide €6 million to two...
Economic governance - Initially scheduled for 3 April 2021 and postponed due to Covid-19, the gala evening of distinction of the 100 most dynamic Togolese companies will take...
Economic governance - The Togolese government officially started assessing its public finance management on May 17, 2022. The launch ceremony was attended by the country’s...
Economic governance - Several consumer goods, imported or sold in Togo, have been exempted from value-added tax (VAT). Sani Yaya, minister of economy and finance, issued a...
Investments - An investment policy review (IPR) was officially launched in Lomé on May 16, 2022.  Formally requested to the UNCTAD by the Togolese government, the...
Public Management - Last night, another fire broke out at Adawolato, in Lomé’s primary market. This is the third market fire in a few weeks. The first two were in Kpalimé and...
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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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