ivorian-insurer-nsia-acquires-three-of-sanlam-s-subsidiaries-including-togo-s
Economy - NSIA - the Ivorian Insurer - has acquired four Sanlam subsidiaries, including its Life Insurance unit in Togo. The three others are Sanlam's Life...
Banking - Société Générale de Micro et Méso finance or Sogemef said it has loaned over CFA15 billion to its customers in Togo, between 2017 and now.  The...
Economy - Only 6% of companies registered in Togo earn more than CFA500 million. However, they account for 88% of the total turnover declared in the country. The...
Economic governance - The Togolese government launched a call for applications to recruit an internal auditor to assess the West Africa Coastal Areas Resilience Investment...
Public Management - The committee in charge of "Basic Health Services of Quality for Universal Health Coverage in Togo” adopted yesterday a work plan to initiate the scheme....
Public Management - Togo presented its post-Covid-19 recovery strategy to the international actors of the LDC (Least Developed Countries) Group, during a ministerial meeting...
Banking - So far into the month, Togolese financial institutions asked and obtained CFA610 billion from the Central Bank of West African States (BCEAO). In...
Economic governance - Togolese businesses that want to attend World Expo 2020 in Dubaï have until October 31 to register. The deadline was recalled today by the country’s...
Economic governance - The Development Bank of Mali (BDM) was recently introduced to the National Council of Employers of Togo (CNP) by Guindo Amidou, the lender’s...
Public Management - Within the framework of the Kennedy Round food aid program and the 2021 economic and social development project, Japan recently donated 500 million Yen...
Health - Togo received 101,760 new doses of Astrazeneca from Germany, via the Covax initiative. The donation falls under the country’s Covid-19 vaccination...
Public finance - Togo just raised CFA66 billion on the regional financial market through two simultaneous bond issues. Investors in the region pumped around CFA153 billion...
Economic governance - Togolese SMEs, SMIs, and artisans will soon get part of the public procurements issued by the State. This is one of many reforms found in the public...
Economic governance - The French Development Agency (AFD) has spent, so far, CFA130 billion to support projects in Togo. The information was revealed last Tuesday by the...
Investments - Togo Invest Corporation SA and Kara Investment Fund recently signed an MoU to support Togolese businesses.  Through the deal, the two entities will...
Public Management - Togo will sign the African Medicine Agency (AMA) treaty. The country’s council of ministers recently examined and passed the draft bill that approves the...
Public finance - During its latest council of ministers, held on Sept. 15, the Togolese government discussed the creation of a single desk to collect non-tax revenues from...
Economic governance - “Congo wants to emulate the high quality of work done at the Industrial Platform of Adetikopé (PIA), with its modern technologies, to set up its own...
Energy - Togo plans to launch its Electricity for All project (PEPT) next year. In this framework, the country’s minister of energy and mines, Mila Aziablé, was in...
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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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