Togo: 2020 practical guide for business officially launched

Economic governance
Friday, 18 December 2020 15:48
Togo: 2020 practical guide for business officially launched

(Togo First) - Yesterday, the 2020 Practical Guide for Business was launched in Lomé. The launching ceremony was attended by various business owners, representatives from different ministries, and the Director-General of Togo Invest. 

According to Jean-Paul Agbo-Ahouelete, managing director of Focus Yakou and incidentally co-writer (with the Chamber of trade and industry of Togo - CCIT) of the 200-page document, it “provides investors or economic operators with information on the economic life of our country, as well as clear and precise answers to their concerns.”

Agbo-Ahouelete added that the document’s goal is to promote Togo as an investment destination, in an extremely competitive regional context. In this framework, the guide highlights the various structural reforms related to the business climate. For every investor, “the most important thing is to rapidly access useful, reliable, and precise information concerning the market they are entering.”

Divided into four parts - how to start a business, investment opportunities, factor costs, and practical innovations - the guide “is not a replacement to the advice given by law firms, notaries, and consulting firms nor is it a foresight analysis manual, the head of Focus Yakou further observed.  

During the launching ceremony, two roundtables were held. They were themed “What ambitions for the Adétikopé Industrial Platform, the Kékéli Thermal Power Plant and the Photovoltaic Power Plant in Togo?” and “Covid-19 crisis: opportunities for innovation in business, labor law, and social interactions.” 

The two panels were hosted by eminent figures of Togo’s political and economic sphere. Such figures include Adjadi Bakari Shegun, Special Advisor to the President of the Republic for Energy, Ekue Mivedor, DG of Togo Invest, Eric Goulignac, CEO of Heidelbergcement Group’s companies in Togo, Alain Hountondji, CEO of ADKontact and Mr. Tiburce Monnou, a lawyer at the Court. 

The panels were an occasion to assess progress made so far relating to the energy sector, the country’s ambitions, and adapting to the current context.   

Séna Akoda

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