Togo and Shelter-Afrique partner to build 3,000 low-cost housing units in Lomé

Infrastructure

Tuesday, 02 March 2021 18:36

Togo and Shelter-Afrique partner to build 3,000 low-cost housing units in Lomé

(Togo First) - Shelter-Afrique and the Togolese government will build 3,000 low-cost housing units in Lomé. This is in a context where the housing deficit in the Togolese capital surged over the past decade, due to population growth and accelerated urbanization.

The project will be developed under a public-private partnership (PPP). The related agreement was recently inked in Nairobi, Kenya, by both parties involved.

This initiative lines up with Lomé’s ambition to build 20,000 social housing units by 2022, a deadline that was extended to 2025 due to Covid-19.

In detail, Shelter-Afrique, a pan-African finance institution, committed to partially finance the project and, as lead arranger, mobilize other investors to secure the remaining amount. For its part, the Togolese government will provide the needed land, infrastructure, and tax incentives for its smooth realization.

Through this major PPP, Lomé reaches a new milestone in its social housing program - one of the key components of the National Development Plan (PND).

“The Memorandum of Understanding we just signed with Shelter-Afrique marks a new stage in our partnership and it will be crucial to reach our housing target for 2025,” said Koffi Tsolenyanu, Togo’s Minister of Urbanism, Housing and Land Reform.

Commenting on the development, Shelter Afrique said it intends to use the Togolese PPP model as a springboard to expand its investments and interventions in the social housing sector, in Africa. This, the firm added, is in a context where the continent is said to record a housing shortage of 56 million units, 90% of which fall under the affordable housing category.

In Togo, the latest data shows that the government has built more than 20,000 housing units since 2005. In 2018, the National Social Security Fund (CNSS), which provides medium and high-end housing, launched a vast project to build 599 housing units called Résidence Renaissance. The total cost for the project is estimated at more than 91 billion FCFA.

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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.