Faure Gnassingbe pleads for a strong partnership between NEPAD, AfCFTA, and SAATM

Economy

Wednesday, 26 May 2021 14:32

Faure Gnassingbe pleads for a strong partnership between NEPAD, AfCFTA, and SAATM

(Togo First) - Yesterday, May 25th, President Faure Gnassingbe took part in the 38th Session of NEPAD Heads of State and Government Orientation Committee. The meeting took place on the sidelines of Africa Day, which is celebrated on that date, by videoconference.

During the talks, the Togolese leader asked for a partnership to be established between AUDA-NEPAD, the African Continental Free Trade Area (AfCFTA), and the Single African Air Transport Market (SAATM) and the institutions of the African Union (AU). These entities are in charge of Africa’s development and integration.

“This strategic meeting is an opportunity to discuss how to address common challenges in the context of Covid-19 and build the Africa we want,” the Head of State tweeted.

Among other subjects covered by the African President are development policies, sustainable energy, gender, resource mobilization, the health crisis, and key projects for regional integration falling under the 2063 Agenda.

As a reminder, NEPAD is a project focused on the development of Africa through infrastructure. It was initiated in 2001 by the African States. On May 27, 2021, in partnership with the Ecobank Group, the NEPAD will launch the financing component of the “100,000 micro, small and medium enterprises (MSMEs)” program. A billion CFA will be injected into this component.

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

Health Experts from Various African Countries Convene in Lomé to Develop Protocols for Tackling Avian Influenza Outbreaks

health-experts-from-various-african-countries-convene-in-lome-to-develop-protocols-for-tackling-avian-influenza-outbreaks

ASKY Airlines Upgrades Fleet with New Boeing 737 Max 8

Togo: Emmanuel Adebayor Launches Social Housing Project in Lavié

togo-emmanuel-adebayor-launches-social-housing-project-in-lavie

Chinese firm Faw Trucks Enters Togolese Market with Tailored Commercial Vehicles

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.