In Togo, the ECOWAS Brown Card for insurance is now compulsory

Security

Thursday, 08 March 2018 16:06

In Togo, the ECOWAS Brown Card for insurance is now compulsory

(Togo First) - During a council of ministers held on March 7, a decree was signed to make ECOWAS insurance brown cards immediate and compulsory for every person with a motor liability insurance.

This is to better protect drivers within the community. Indeed, in case of accidents, Togolese nationals will be compensated rapidly and fairly for damages caused by non-resident drivers from other ECOWAS countries.

The recently adopted decree plans for the restructuring of the National Bureau for ECOWAS’ insurance brown card. The institution, let’s recall, has to “implement in Togo the use of the ECOWAS brown card for motor liability”.

Placed under the authority of the ministry of economy and finances, the entity involves the State as a major actor as well as certified motor insurance firms, on a subsidiary basis.

Let’s recall that the ECOWAS Brown Card was established by a protocol signed in 1982, in Cotonou, to ease settlement of claims arousing from accidents incurred by Brown card holders.

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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)

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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)

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