ebid-provides-50m-credit-line-to-lome-based-oragroup
Economy - Lomé-based pan-African banking group Oragroup recently received a credit line of €50 million (around CFA32.8 billion) from the ECOWAS Bank for...
Logistics - On September 22, 2020, Djomantin, the firm ensuring the transport of BB Lomé’s products, received 10 MAN trucks and 10 SCHMITZ CARGOBULL trailers from Van...
Energy - About a year from now, the following six Togolese towns will get better access to electricity: Aneho, Kpalime, Atakpamé, Sokodé, Kara and...
Agriculture - The West African Agricultural Productivity Program (WAAPP) reached a completion level of 95% at the end of 2019, with 112 out of 118 activities...
Economic governance - A two-day workshop focused on flood and drought management was launched this morning in Lomé.  Experts and stakeholders involved in this area will...
Infrastructure - In a few months, two bridges of 30 meters each and a third of 60 meters will be built in Togo. The first two will be located along the...
Energy - Benin-based consulting firm Afrique Conseil has launched a call for candidates to recruit a new managing director to head the West African Gas Pipeline...
Energy - A PV solar plant is going to be built at the Gnassingbé Eyadéma International Airport (AIGE). The project aligns with the infrastructure’s transition...
Energy - The Togolese agency for rural electrification and renewables (AT2ER) seeks to acquire and set up 314 PV solar panels in various regions of the country....
Security - Togolese authorities are currently conducting inspections and controls at the Port of Lomé, checking warehouses and storage areas for delicate or highly...
Transport - After reopening its air borders, Togo is looking to soon do the same for its land borders. This, however, must be done in coordination with other...
Finance - On Sept. 14, 2020, Togolese banks received from the BCEAO CFA219 billion of cash. The funds will enable the lenders to refinance themselves at an...
Finance - The Central Bank of West African States (BCEAO) has just published a report, Evolution of financial inclusion monitoring indicators in WAEMU for the year...
Finance - On September 25, 2020, Togo will again try to raise CFA25 billion on the regional stock market.  Just like for the previous operation on this...
Economic governance - In its recent report, Boosting Private Investment to Achieve Higher Growth and More Jobs, the World Bank recommended that Togo, to revive its economy...
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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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