togo-counts-on-tax-income-loans-and-grands-to-primarily-fund-2025-budget
Public Management - The Togolese government has projected a budget of CFA2,394 billion for the fiscal year 2025. This budget will cover economic and social development...
Economic governance - The Togolese capital, Lomé, is hosting a meeting focused on the DigiCoop WA Project, launched two years ago. Participants–West African finance...
Economic governance - In Togo, a new online service platform called "Logimat" has been launched to improve practices in the construction and logistics sectors. The platform...
Health - Togo had 105,000 people living with HIV/AIDS in 2023, with a prevalence rate of 1.6% among those aged 15 to 49. Of the infected, 90% have been tested for...
Energy - In Togo, customs duties on industrial diesel will be halved next year. The change was outlined in the 2025 draft finance law, which Lomé approved last...
Public finance - The Togolese government plans to cut excise duty rates on certain local products in 2025. The move was outlined in the Finance Bill approved last week by...
Health - Togo’s National Coordination Committee for Health held its third annual meeting last week, on November 28. The session gathered various health...
Finance - Togo has secured a €200 million partial credit guarantee (PCG) from the African Development Bank (AfDB) to support its first sustainable financing...
Politics - Togo has officially launched the Global Peace and Security Alliance (GPSA), a new international initiative to boost global peace and security cooperation....
Economic governance - Togo is gearing up to attend the 2025 Osaka World Expo, in Japan. The country launched its promotional campaign on November 28, 2024, during the 19th...
Public finance - Togo's 2025 budget is set at approximately 2,394 billion FCFA, up 9.9% from the 2024 budget of CFA2,179 billion. The Council of Ministers confirmed this...
Telecom -  Togolese telco Togocom is now Yas. The firm announced its rebranding on November 26 in a press meeting. T-Money, Togocom's money transfer service,...
Education - The West African Development Bank (BOAD) has inaugurated a documentation center at the University of Lomé to support education and research. The center...
Economic governance - India was Togo’s top export destination in Q3 2024, with 20.1% of total exports valued at CFA42.9 billion.  According to Togo’s Statistics...
Investments - The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, announced on November 25 a €506 million ($535 million) guarantee...
Security - The United Nations Development Program (UNDP) has provided the Savanes region in Togo with CFA87 million worth of IT equipment. The donation is part of...
Economic governance - The 19th edition of the International Fair of Lomé (FIL) kicked off on November 22, 2024, for two weeks. This year, the fair which is dedicated to trade,...
Public Management - Togo holds its first National Week of Protected Areas (SNAP). Started on November 26, the event ends on November 28. Held in Afito, in the Yoto...
Finance - Togolese microfinance institutions (SFDs) loaned CFA4.2 billion more in Q2 2024 or 1.2% than they did in the previous quarter.  According 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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