port-of-lome-jumps-two-spots-to-94th-position-in-lloyd-s-top-100-busiest-ports-index
Economy - The port of Lomé (PAL) has, again, been ranked in Lloyd’s Top 100 World’s Busiest Ports List, in terms of container traffic. The port ranked 94th, against...
Formation - During its last Council of Ministers held on September 27, the Togolese government examined and adopted a decree to build a university in Datcha, Plateaux...
Social - A total of CFA13.3 billion has been spent in northern Togo since June 2022, as part of the COSO social cohesion project. Backed by the World Bank, this...
Justice - Togo should soon adopt an administrative procedure code. The project made headway at the last Council of Ministers meeting chaired by the Head of State,...
Services - Trade between Togo and China stood at $2.3 billion from January to July 2023, up by 14% compared to the same period in 2022. This was revealed last...
Economy - Togo has revised its growth forecast for 2023 to 6.4%, compared with the 6.6% initially anticipated. Sani Yaya, Minister of Economy and Finance, disclosed...
Economic governance - Togo just received new support from the World Bank, through the International Development Association (IDA). The country sealed the deal–a double...
Economic governance - The Agence Ecofin released the second edition of its Top 50 Most Trusted African Personalities ranking on September 26. In this edition, like in the...
Social - Japan just donated a billion CFA (250 million yen) to Togo, under the Kennedy Round (KR) food aid project. The funds will be used to buy 3,600 tons...
Logistics - Gregory Krief, General Manager of MSC (Mediterranean Shipping Company), attended the Choiseul Africa seminar in Abidjan on September 14. On the occasion,...
Politics - Speaking last Thursday at the podium of the 78th United Nations General Assembly, Togo's Minister of Foreign Affairs, Robert Dussey, addressed the issues...
Education - The Agence Universitaire de la Francophonie (AUF) recently announced that it will support Togo’s employability policy for college graduates. This is an...
Public Management - A ton of Cimtogo cement currently costs CFA81,000. The price cap was announced on September 20 by HeidelbergCement which makes the product.  The...
Social - The US announced new funding of over $247 million (CFA152 billion) for humanitarian aid across many African countries, including Togo. The USAID...
Economic governance - President Faure Gnassingbé gave two days ago an audience to Germany’s new ambassador to his country, Dr. Claudius Fischbach. During the meeting, the...
Economic governance - Togo’s Tax Authority, L’Office Togolais des Recettes (OTR), has announced a 30% reduction in customs clearance fees for vehicles over five years...
Energy - From its launch in 2017 to 30 June 2023, the CIZO rural electrification program has provided 134,431 solar kits to households in Togo. This was recently...
Economic governance - Trade between Togo and Turkey reached nearly $200 million last year. Muteber Kılıç, the new Turkish ambassador to Togo, disclosed the figure on...
Economy - After rising consecutively since April, the inflation rate in Togo fell slightly to 6.6% in August. This was recently disclosed by the country’s Institute...
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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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