Togo represented at the Inter-African Trade Fair, in Egypt

Economic governance

Friday, 14 December 2018 17:15

Togo represented at the Inter-African Trade Fair, in Egypt

(Togo First) - Togolese economic operators are taking part in the 1st Inter-African Trade Fair -IATF- currently being held in Cairo, Egypt. The 7-day show, jointly organized by the African Union, Afreximbank and the Egyptian government, opened doors December 11.

It aims to boost intra-African trade and support the implementation of the African Continental Free Trade Area (ZLECA), the agreement of which was signed in March this year by 44 African Heads of State and Government at the AU Extraordinary Summit in Kigali, Rwanda.

IATF provides a platform for sharing information on trade, investment and the market. The idea is to bring buyers, sellers, investors, all together to discuss and conclude business deals.

During the event, Togolese representatives will promote their country's new national development plan and seek substantial private funding for its implementation.

This trade fair, let’s note, will be organized every two years. It will provide information on the market, trade and serve as a contact point between the different players of African trade.

Séna Akoda

Togo: Constitutional Court Welcomes Two New Members

Togo: Parliament Approves New Constitution after Second Reading

BCEAO’s foreign asset revenues soar 112% but trail potential of operations account

With UNDP, Emmanuel Adebayor’s Foundation Launch its Second Agribusiness Incubation Cohort

Togo: 2 Février Hotel Competes for Prestigious World Travel Awards 2024 Nominations in Three Categories

togo-2-fevrier-hotel-competes-for-prestigious-world-travel-awards-2024-nominations-in-three-categories

Togo: National Media Authority, HAAC, Stops Issuing Accreditations to Foreign Media Envoys

9th Pan-African Congress: Northern African Countries to Take Part in the Upcoming Meeting

Togo Introduces Toll-Free Number 1010 for Voter Assistance Ahead of Elections

Adétikopé Industrial Platform welcomes new investors

adetikope-industrial-platform-welcomes-new-investors

Togo: FAO Seeks National Coordinator for Forest and Farm Facility

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.