togo-inflation-expected-to-fall-to-6-8-in-2023
News - The inflation rate should stand at 6.8% in Togo, by the end of December 2023, against 7.6% last year. The figure was disclosed by the National Credit...
Economic governance - A delegation of Canadian businesspeople is currently in Togo, exploring opportunities the West African country has to offer. The visit falls under the...
Finance - As Serge Ekué emphasized last November, securitization is "the only operation" that can help increase the balance sheet of local banks tenfold, an...
Finance - The Togolese government held last Tuesday, March 21, a meeting with actors in the local finance industry. The goal was to encourage the actors to support...
Politics - Following the recent work visit of Niger’s President in Togo, the two countries have decided to create a mixed cooperation commission to boost their...
Energy - The President of Togo, Faure Gnassingbé, recently launched works to extend Blitta’s solar plant, which is located 230km from Lomé. The works should help...
Logistics - The Port Management Association of West and Central Africa, PMAWCA, is holding a meeting in Lomé, Togo, on March 21-24.  “Finance experts and legal...
Economic governance - Togo and South Africa are working on bolstering their relationship. Last Thursday, the two sides opened a meeting to this end. The meeting was held...
Economic governance - The President of Niger, Mohamed Bazoum, visited the Autonomous Port of Lomé (PAL) yesterday, March 20. He observed the platform’s achievements in...
Economic governance - The Yoto III municipality in Togo needs CFA4.16 billion to implement its development strategy over the next five years. The strategy was validated on...
Services - Green Industry Plast-Togo (GIP) won Challenge Works’ Afri-Plastics Challenge. The Togolese company won £1 million to scale its plastic waste collection,...
Agriculture - More than five million trees were planted in Togo last year, in line with the country’s reforestation strategy and efforts to fight climate change. The...
Economic governance - Togo adopted during its latest council of ministers, on March 15, a new decree that will support the country’s efforts to reduce its greenhouse gas...
Economic governance - The International Finance Corporation (IFC) and Togo's Association of Large Enterprises (AGET) have partnered to support the country's small and...
Telecom - Togo’s telecom watchdog, ARCEP, has opened a new sanction case against Togo Cellulaire (part of the Togocom group) and Moov Africa. The regulator accuses...
Agriculture - The National Network of Certified Seed Producers of Togo (RNPSC-Togo) recently set prices of certified seed for the 2023-2024 agricultural season. ...
Economic governance - The Banque Ouest Africaine de Développement (BOAD) has joined the Finance in Common Coalition (FICS) to fight gender inequality.  The African...
Agriculture - In Togo, the edge-of-field price of cashew nuts for the new campaign is CFA325 per kilogram. The price was announced during the official launch of the...
Economic governance - The Togolese capital, Lomé, currently hosts a five-day seminar on the theme "Strengthening the Integration of Debt and Cash Management ". Started...
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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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