gozem-recruits-new-strategic-advisor-to-boost-its-growth
Economy - Othmane Bouhlal is Gozem’s new strategic advisor. The appointment announced on February 25 aligns with the uber-like firm’s ambition to become the leading...
Infrastructure - Tomorrow, Feb 26, drilling works should begin under the sanitary conditions improvement project in the rural and school environment in the Kara and...
Economic governance - The CIZO solar electrification project will extend to the agricultural sector. Indeed, via its social support component, the program will purchase and set...
Infrastructure - Since it started operations in Togo in April 2019, Steel Cube Togo Sarl, which produces FE 500 iron rods, has exported over 20,000 tons of iron. This was...
Social - The government of Togo decided to relaunch the Novissi cash transfer program in the Savannah region, especially for the people of Cinkassé, Kpendjal, Oti,...
Economic governance - Online payment is now effective at the Société d’Exploitation du Guichet Unique pour le Commerce Extérieur (SEGUCE). This was reported last Tuesday to the...
Economic governance - Despite the pandemic, Togo generated more tax income last year than it did in 2019.  Though Lomé scaled down its forecast for 2020, due to Covid-19...
Infrastructure - The Ministry of Urban Planning, Housing, and Land Reform is recruiting a team to control and supervise the development, sanitation, and asphalting works...
Economic governance - Projecting to update the website of the Business Formalities Center (CFE), Togolese authorities will carry out a public survey to assess if the platform...
Economic governance - Following a massive $ 1.5 billion investment in Bitcoin by Elon Musk, CEO of Tesla, the price of this virtual currency recently surged...
Economic governance - Togo shows budget surplus results for fiscal years 2018 and 2019. This means its income exceeds its expenditures for those fiscal years. Last Wednesday,...
Finance - The latest bond issue of Togo on the WAEMU securities market was oversubscribed with investors raising CFA112.69 billion.  This was reported last...
Banking - The Caisse Regionale de Refinancement Hypothecaire (CRRH-UEMOA), based in Lome, becomes the third best-rated financial institution by Moody's in the West...
Infrastructure - The Togolese government has set up three new marine weather stations on three different sites (the Lome’s Port, Kpeme, and the customs office of...
Mining - Togo wants to better assess and certify its areas of mining potential. It announces, with the support of the World Bank, an airborne geophysical campaign...
Economic governance -   In Togo, users of public administration services will soon be able to make digital payments. A draft decree in this direction was examined on...
Agriculture -   Gilbert Fossoun Houngbo, a senior official and former Prime Minister of Togo, was reappointed on February 17th as the head of the International...
Economic governance - In Togo, the Government plans to map the existing socio-economic infrastructure. The project, still in its pilot phase, was presented by the Minister...
Agriculture - From 200,000 t initially projected in 2022, Togo revised its forecast for cotton output to 225,000 t by 2025.  This is a commitment farmers made to...
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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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