Togo and Mauritania announce future cooperation in the port industry

Politics

Friday, 15 October 2021 11:07

Togo and Mauritania announce future cooperation in the port industry

(Togo First) - Lomé and Nouakchott will soon cooperate in the port and fishing sectors. The announcement was made Wednesday during an official visit by Togo’s President, Faure Essozimna Gnassingbé, to Mauritania where he met President Mohamed Ould Cheikh El Ghazouani. The two leaders discussed bilateral cooperation between their nations.

According to the statement issued after the meeting, the decision to cooperate in the port and fishing sectors is explained by the major assets that both countries have in these areas. Togo has the only deepwater port in West Africa and Mauritania has a port that is strategically positioned for ships leaving for Europe.

On the matter of the fight against Covid-19, the Togolese and Mauritanian presidents reminded the international community that supplying vaccines is urgent to slow the virus’ spread, in a context where it has “greatly weakened the world economy and Africa’s especially.”

They also stressed that “one of the conditions that will ensure a rapid and sustainable economic recovery post-Covid-19 is the cancellation of African countries’ debt.”

Regarding violence in the Sahel region and the risk it spreads to neighboring States, the two presidents emphasized “the need for the international community and the G5 Sahel to strengthen their commitment in fighting terrorism.”

They also talked about climate change and deplored that Africa was the first victim of greenhouse gas emissions, though the region is a minor emitter.

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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.