Togo: 3rd Edition of MIATO ends on a successful note

Economic governance

Wednesday, 08 November 2023 16:40

Togo: 3rd Edition of MIATO ends on a successful note

(Togo First) - The third edition of the Marché international de l'artisanat du Togo (MIATO) (International Fair of Craftsmanship of Togo) ended on November 5, 2023. The closing ceremony was attended by Togo’s Minister of trade and local consumption, Rose Kayi Mivedor. On the same occasion, several prizes were awarded to some of the participants.

The prizes include the Special Award of the Head of State which covers the participation of recipients in any African fair of their choice outside the country. The two recipients of this award are Nadiaka and Pagne Africain–they are Togolese craft companies.

The other prize is the Innovation Award which was won by Traoré Mahamadou from Mali, Kawe Eyaheza (Togo), and Frank Adomalinkpo (Benin). The three respectively came first, second, and third in this category, grabbing CFA1 million, CFA600,000, and CFA400,000.

Under the Excellence Award category, three Togolese entrepreneurs were picked. They are Ekue Adoté, who came first and grabbed CFA650,000, Offissa Kokou Dodji who came second (CFA500,000), and Kadjala Nieky (CFA350,000).

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Prizes were also given to the youngest exhibitor, Ornella Iyatan, and Gaba Ayité, who won the prize for the most beautiful stand. All Encouragement Award winners received a cheque for CFA100,000.

The Month of Local Consumption also ended the same day the MIATO did. The minister of trade, Rosa Kayi Mivedor, lauded the success of both events, which, she claimed, reinforced the ties between craftsmanship and local consumption.

This year, the MIATO registered over 800 exhibitors, from Togo, Belgium, Tunisia, Cameroon, Gabon, Chad, Burkina Faso, Benin, Mali, and many more. Mali was the guest of honor for this edition.

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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.