Togo to set new legal framework to regulate privatization processes

Economic governance
Friday, 28 September 2018 18:54
Togo to set new legal framework to regulate privatization processes

(Togo First) - In Togo, privatization operations will be covered by a general legal framework. Initially handled under the law n°2014-014 of October 22, 2014 regarding the modernization of the State’s action,  elaboration of modalities related to "competition between candidates running in a privatization project”. 

Indeed, the new law introduces three new articles including the n°66 which suppresses the act previously in force empowering the regulatory authority to define modalities related to “competition between candidates running in a privatization project”.

As a result of this new law, the national assembly, in the coming days, weeks or even months, should adopt a new general legal framework to regulate private processes.

As for the regulatory authority, it will set related execution conditions and modalities. In this regard, the minister of Finance, Sani Yaya, declared: “The establishment of modalities related to competition between candidates running in a privatization by the national assembly will alleviate the privatization process, in addition to making it more transparent.”

Séna Akoda

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