togo-to-seek-cfa35-billion-on-the-umoa-securities-market-next-friday
Public Management - Togo will carry out its second issue on the UMAO-securities market on January 21, 2021. The country will seek CFA35 billion by issuing fungible treasury...
Transport - Operations at the dry port of the Adetikopé industrial platform (PIA) began on January 16, 2022. According to the maritime economy ministry which revealed...
Public finance - Togo plans to repay, this month, CFA29 billion to clear part of its debt on the UMOA-securities market. The information was disclosed in the cumulative...
Economic governance - Between 2014 and 2021, taxes collected by the Togolese tax office (OTR) surged by 70% - from 458.2 billion to 780 billion CFA, respectively. This...
Public Management - This year, Africa must make financial inclusion a priority. Mazamesso Assih, Togo’s minister for financial inclusion and the informal sector, claimed in a...
Agriculture - The Artisanal fishing port of Lomé (POPEL) caught over 4,000 tons of fish in 2021, up around 18% from 3,450 t in 2020. The figure was recently disclosed...
Economic governance - Over the past year, 13,770 new businesses were established. The figure, a new record, is up 9% compared to 12,500 businesses created in 2020, according to...
Banking - More than 5.7 million new e-money accounts were created in Togo in 2020, up 20.85% compared to 4.71 million accounts in 2019. This was recently disclosed...
Security - In Togo, more than 600 people died in road accidents in 2021, up from 556 in 2020. The figure was recently reported by the Minister of Security and Civil...
Economic governance - In addition to backing the second construction phase of the PIA, the African Export-Import Bank (Afreximbank) said last Thursday it would help Togo...
Agriculture - Togo produced and sold less coffee and cocoa in the 2020-2021 campaign than it did the campaign before. This is what data from the Coffee-Cocoa...
Public finance - Togo successfully raised CFA27.5 billion on the regional money market - UMOA securities market - last Friday. This was the country’s first issue on the...
Public finance - The Togolese Tax Authority (OTR) collected around CFA720 billion throughout the past year, up 9% against the amount it mobilized in 2020 – CFA652 billion...
Economic governance - In Togo, the security deposit to be paid by tenants living in the Grand Lomé region (covering the Gulf and Agoè-Nyivè prefectures) has been capped to 6...
Security - Forty (40) Togolese civil servants will end today a 3-day workshop aimed at drawing rules to regulate the use of drones by civilians across the country....
Economy - In Togo, civil servants in the public and parapublic sectors, as well as pensioners, will get a one-month salary advance this week. The wage will be...
Security - A fire broke out in Kara's new market last Saturday. So far, its cause is unknown according to local authorities.   Initial reports state that...
Economic governance - The African Development Bank (AfDB) approved its 2021-2026 strategy for Togo last week, on Dec 17th precisely. The Abidjan-based Bank greenlit the...
Health - A quarter of new coronavirus cases recorded in Togo are omicron cases. The information was disclosed on Wednesday by the National Team in charge of...
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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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