Togo: Notaries, Lawyers, More Express Opinions on Business Climate and Related Reforms

Economic governance
Wednesday, 30 August 2023 12:30
Togo: Notaries, Lawyers, More Express Opinions on Business Climate and Related Reforms

(Togo First) - Togo held its first Investors Breakfast of the year last Tuesday. The event brought together the Ministry of Investment Promotion and representatives of the local business community, including lawyers, architects, notaries, and customs declarants. 

The meeting was chaired by the Minister of Investment Promotion, Rose Mivedor, and participants expressed their opinions-good and bad-on the changes in Togo’s business environment; changes induced by various reforms introduced in recent years. 

"Today's meeting, which brings together lawyers, architects, notaries and customs declarants, is an opportunity to exchange views on the progress made in terms of reforms operated by the Togolese government for the constant improvement of the business climate," said Minister Mivedor. "In addition, it will be a question of listening to you, in your capacity as interlocutors and prescribers to potential investors, and of identifying the difficulties that mark the investor's journey in our country,” she added.

During the meeting, the Business Climate Unit, attached to the Togolese Presidency, presented the latest improvements in Togo’s business environment.

Besides expressing their opinions, the actors present submitted their grievances to key stakeholders, to consolidate the reforms undertaken by the government and attract more investors. 

Collected contributions will help draw recommendations, which will, according to Kayi Mivedor,  help bolster Togo’s attractiveness. 

In the first quarter of this year, Togo validated 4 new investment projects, for a total amount of 19 billion FCFA, according to data from the Ministry. For the year 2022 as a whole, a total of 36 projects have been registered, including 18 under the Investment Code (CI) and 18 under the Free Trade Zone (ZF) status, for a total projected amount of 150.2 billion FCFA.

Ayi Renaud Dossavi

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