waemu-securities-togo-to-seek-cfa35-billion-in-upcoming-issue
Economy - For its next issue on the WAEMU market, Togo targets CFA35 billion. Lomé will issue, simultaneously, fungible treasury bonds (OAT), and fungible treasury...
Security - The U.S. and Germany launched on 22 February 2024 a mechanism to curb the rising instability in the West African region, from the Sahel to the coastline....
Economy - Worldwide, 20 countries are forecast to experience the strongest economic growth this year. Eleven of them are in Africa, and Togo is one of them. This...
Health - The partnership between the World Health Organization (WHO) and Togo grew significantly between October 2018 and February 2024. Fatoumata Binta Diallo,...
Economic governance - Togo’s biggest export destination in Q4 2023 was India. In value, the exports to the Asian giant amounted to CFA80.1 billion. Quantity-wise, they...
Economic governance - The city of Doha, in Qatar, currently hosts the 2023 International Horticultural Exposition or Expo 2023. Togo was allotted February 17th during the event...
Economic governance - Exports from Togo earned the country CFA256.4 billion in Q4 2023. The data was disclosed by the National Data Institute, INSEED.  Main export...
Logistics - The Autonomous Port of Lomé (PAL) won the West African award for good corporate governance from Prudence Finance Solution (PFS) last week. The award...
Economic governance - Victoire Tomegah-Dogbe, Togo’s Prime Minister, participated in the 37th African Union (AU) Summit held in Addis Ababa last week. The summit covered many...
Politics - The ministers of foreign affairs of Togo and Turkey held a meeting in Germany last week. This was on the sidelines of the Munich Security...
Public finance - Togo raised CFA27 billion on the WAEMU market last Friday. This was the country’s second issue in February–a simultaneous issue of fungible treasury bills...
Energy - Niger could soon supply diesel to Togo. Talks in this framework were recently held, according to a press release from the Nigerien Ministry in charge of...
Transport - Last year, the port of Lomé handled around 30 million tonnes of goods. The figure was disclosed last week by the Togolese Minister of Maritime Economy,...
Economy - The IMF’s former resident representative in Togo, Sampawende Jules Tapsoba, has been appointed Deputy Chief Economist at Afreximbank. He will also be...
Public services - The General Secretaries and Cabinet Directors of Togo’s ministries and institutions met yesterday, February 15 to take stock of the state of operation of...
Education - India’s Embassy in Togo inaugurated a library at the University of Lomé yesterday, February 15. The library, named “India Corner”, aims to allow young...
Health - On average, 900 children are diagnosed with cancer every year. The data was disclosed by experts on February 15, 2024, on the International Pediatric...
Economic governance - The Chamber of Commerce and Industry of Togo (CCI-Togo) has, again, postponed the deadline for enrolling on its consular electoral registry. The new...
Public Management - The Kéran 1 municipality plans to spend CFA144.2 million on its development projects this year. The provisional budget was presented to the municipality's...
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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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