togo-government-upscales-legal-interest-rate-for-2024
Public Management - The legal interest rate in Togo is set at 5.0336% this year. The government disclosed the figure on April 9, in a Cabinet meeting held in Lomé, the...
Infrastructure - The Togolese Ministry of Rural Access and Rural Roads seeks civil engineering engineers and technicians to work on a project to build 21 modular mixed...
Economic governance - Starting from May 1, 2024, land operations within the territorial jurisdictions of the Golfe and Agoè-Nyivé prefectures in Greater Lomé will be carried...
Public services - A National Institute of Geography could soon be set up in Togo. The project was discussed on April 9, 2024, by the Council of Ministers.  If...
Social - Two key studies related to the project to curb flooding in the Lac-Togo area were validated last week. The studies, the Environmental and Social Impact...
ITC - The Togo Digital Agency (ATD) is working on a plan to speed up the digitalization of Togo’s public services. The plan was presented on April 9, 2024,...
Economic governance - Besides financial inclusion, digitalization, and employment, Sierra Leone seeks to cooperate with Togo on maritime and logistics fronts. On Monday, April...
Politics - Togo will hold its next legislative and regional elections on April 29, 2024.  The polls which were scheduled for an earlier date were postponed to...
Culture - In response to a call for projects it launched last year, the Togolese Fund for Cultural Promotion (FNCPC) will soon obtain CFA300 million from the...
Economic governance - Togo's performance in fiscal transition within the West African Economic and Monetary Union (UEMOA) is commendable, aligning well with the Union’s...
Economic governance - Togo hopes to lower its domestic debt by 7 percentage points over the next three years, bringing it to 54.6% in 2026. The ambition was disclosed in the...
Economic governance - The Togolese government will, starting this month, launch a series of procurement activities over the next nine months. The procurement series falls under...
Politics - A nationwide tour to consult key stakeholders about the constitutional revision project kicked off today in Togo. The 3-day tour will mainly focus on...
Economic governance - Sierra Leone's Chief Minister, David Moinina Sengeh, met in Lomé with Togo’s Prime Minister, Victoire Dogbé, on April 5, 2024. The two officials discussed...
Investments - The ECOWAS Development and Financing Fund for the Transport and Energy Sectors (FODETE) should come online by the end of this year. According to the...
Agriculture - Togo’s cereal production has grown steadily in the past five years. From 1.26 million Mt in the 2019 campaign, it rose to 1.5 million Mt in 2023. Togo...
Finance - Togo has joined the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The country’s parliament passed on April 4 a law...
Energy - At last, Mila Aziable, Togo’s Minister of Energy, commented on the power outages that the country has been experiencing since January 2024. The official...
Economic governance - A total of 4,503 businesses were officially registered in Togo over the past quarter. The figure, compiled by the country’s Center for Business...
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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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