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Togo is launching a new wave of reforms to improve its business climate. On October 7, 2024, the country held a workshop to present the first B-Ready report from the World Bank’s Doing Business initiative. Togo ranked third in Africa, behind Rwanda and Mauritius, showcasing its progress in business reforms.
Sandra Johnson, Minister Secretary General of the Presidency, chaired the event...
The Chamber of Commerce and Industry of Togo (CCI-Togo) recently launched a project to bolster the rice industry and boost local consumption. The initiative–Projet d'Appui à la Valorisation du Riz Togolais (PAVRIT)-kicked off on October 10, in Kpalimé, coinciding with the start of local consumption month.
The PAVRIT focuses on two main areas: providing technical and financial support to...
The Togolese government wants to draw more investments supporting the Sustainable Development Goals (SDGs). To this end, Lomé released a Sustainable Financing Framework created by Essowè Georges Barcola, Ministry of Economy and Finance. The framework was unveiled on October 9, 2024. The document aims to draw national and international partners interested in projects with strong social and...
The Togolese government is tightening regulations for international non-governmental organizations (NGOs) operating in the country. From now on, any international NGO that wants to work with the Togolese government must first obtain official recognition before signing a partnership agreement. This requirement applies to both new NGOs and those already active in Togo.
This new rule was announced...
Togo scored 61 out of 100 points in the first edition of the World Bank's B-Ready report, which evaluates business climate in 50 countries. This score places Togo third in Africa and first in West Africa. The report, which replaces the suspended Doing Business ranking, lauded Togo's efforts in facilitating business start-ups.
The country received a score of 77.26 points for business start-ups,...
For the 2023-2024 agricultural season, MIFA (Mécanisme incitatif de financement agricole) has helped secure CFA1.33 billion FCFA in financing for farmers, according to government data. This initiative is part of broader reforms in the agricultural sector outlined in the Togo 2025 roadmap.
Over the period, additional support measures were introduced to improve farmers' access to resources. This...
A delegation from the Port Autonome de Lomé (PAL), led by director Fogan Adegnon, has been on a mission in Sahelian countries since October 6, 2024. The first stop was Niamey, Niger, where they aimed to inform local economic operators about new measures at the Port of Lomé to improve trade.
In Niamey, the Togolese delegation met with local authorities, transport unions, and Niger's importers...
At the Summit for Economic Development in Abidjan, Côte d'Ivoire, on October 10, 2024, Togolese Prime Minister Victoire Dogbé called for a review of the International Development Association's (IDA) financing conditions to better meet the needs of beneficiary countries.
"We are asking IDA and our partners to rethink financing conditions so that they are better adapted to our local realities...
Ollo Africa, a tontine fintech company based in Lomé, has partnered with Ecobank to expand across Africa. The related agreement aims to increase access to financial services through Ollo’s app, Ohana Africa. The app’s users will have access to Ecobank's Pan African Wallet, extending financial services to underserved people.
The new partnership seeks to improve financial inclusion in Africa,...
Coumba Dieng Sow has been appointed as the new United Nations Resident Coordinator in Togo. She was appointed last week by UN Secretary-General António Guterres.
As new UN's representative, Sow will coordinate efforts to ensure a unified response to Togo's national priorities and needs, aligning with the Sustainable Development Goals (SDGs) and other international commitments.
Sow will...
An International Monetary Fund (IMF) delegation is in Togo to review the country’s new 42-month economic program backed by a $390 million extended credit facility (ECF). The mission ends on October 18, 2024.
According to the Togolese Ministry of Economy and Finance, the IMF team will engage in discussions with local authorities and various entities about issues related to the real...
Togo has officially opened an Office for the Reception, Information, and Orientation of Litigants at the Tribunal de Grande Instance de Lomé. The office opened on October 7, 2024, to provide clear information about legal procedures and court services.
This initiative aims to combat judicial canvassing, a practice where illegal intermediaries exploit citizens' lack of knowledge about legal...
In Togo, Nouvelle Sototoles, a company under Hage Group, launched a new paint production unit, expanding its operations beyond sheet metal and metallurgical products. The new venture, branded Jessi Peintures, has been marketed in the sub-region for 20 years, particularly in Burkina Faso.
Located in the port area of Lomé, the plant required an investment of around CFA1 billion. It can produce up...
Togo and Ghana resumed talks on the demarcation of their land borders. A two-day meeting was opened on Oct. 8 in Lomé, the Togolese capital, in this framework. The session aims to help both countries agree on the exact boundary line between Borne 1 and the sea.
Participants reviewed previous technical commission sessions and monitoring committee meetings. The review aimed to help national...
Ahead of an Belgian economic mission scheduled to visit Togo next month, the Chamber of Commerce and Industry of Togo (CCI-T) invites Togolese entrepreneurs to participate in projected B2B meetings.
The mission will include a plenary session on November 7 at the Hotel Sarakawa, followed by B2B meetings on the same day and November 8.
These sessions aim to connect Togolese companies with...
The digital platform for handling procedures related to the Port of Lomé is officially online. Announced a few days ago, the platform was launched on October 8, 2024. This new platform allows service providers to complete all port-related formalities online, from data entry to invoice payment.
Minister of Maritime Economy and Coastal Protection, Richard Kangbeni, explained that the move mainly...