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Togo records encouraging progress in reduction of deforestation and forest degradation, according to the the World Bank.Actually, the messaging app WhatsApp has become an important asset to involve women in activities, trainings and decision-taking process related to the fight against deforestation and climate change.
“CF-REDD+ (women consortium for the deforestation and forest degradation...
Togolese Prime Minister, Komi Selom Klassou, officially launched, on Jan. 30, Cellule Climat des Affaires (CCA)’s activities and proceeded to the opening of a workshop to validate the action plan for business climate’s improvement in Togo.These activities include making proposals on actions/reforms to improve national indicators and keep improving business climate; putting in place practical...
A new pricing has been elaborated for foundation and soil studies. This has been revealed by a memorandum of the laboratoire national du bâtiment et des travaux publics (LNBTP), the public autonomous institution which controls the quality of infrastructures under construction in Togo. According to the institution, the new pricing plan is aimed at “encouraging citizens to build on good soils,...
Togolese Prime Minister, Komi Sélom Klassou, told a press conference at the business formalities center about new reforms undertaken by the government to facilitate business creation and improve business climate in the country. Facing journalists, and major ministers, the official discussed mainly some major measures initiated by the government. Amongst these: minimum capital’s liberalization...
Allianz risks barometer 2018 has been released and, for the first time, it assesses in order of importance, the risks that Togo-based companies fear for the ongoing year. According to the document, companies of any sector or size across the world, mainly fear business disruptions, cyber incidents, and natural disasters in 2018. In Togo, the top 3 risks perceived are fire and explosions (54%),...
In the 2018 edition of its yearly report, the African Economic Outlook, African Development Bank (AfDB) said Togo’s GDP should grow in the next two years.
According to the report, the economy should grow by 5% this year, a forecast that is below World Bank’s (5.3%) but exceeds last year’s growth (4.5%). The growth should be driven by abundant rains paired with appeasement of political...
According to a statement Central has been authorized to temporarily take charge of the technical management and exploitation of parking spaces in Lomé by Fongan Adegnon, president of the special delegation of Lomé. For the time being, this contractual approach to the management of parking spaces is experimental. According to the statement, the reason for outsourcing the management of these...
WAEMU wants to eradicate road overload through the adoption of its 14/2005 regulation on harmonization of standards and procedures for checking template, weight and axle load of heavy goods vehicles in its Member States. Togolese government, in order to assess real impact of road overload, will carry out an impact assessment as of March 2018 over 6 months, with AfDB’s financial support. The...
As of this year 2018, Togo economy will start benefiting from the numerous reforms initiated by the government. According to the African development bank (AfDB), the reforms initiated to improve the business climate and support the private sector, the incentives measures for transfer of ownership rights notably, should help boost private investments in 2018 and 2019. These private investments...
Togolese government continues its reforms and, in this regard, has considerably lowered the cost of online legal advertisements. While it was CFA5000, it has been recently reduced to CFA1000, thus reducing by 80%. Indeed, the government materialized a reform aiming to transfer to the business formalities center (CFE), exclusivity for legal advertisements on its website http://cfetogo.com/cfe/....
Still in line with its strategy to improve business climate, Togo’s government has announced tax incentives for companies registered at the Centre de Gestion Agréé (CGA).
Indeed, under its 2018 finance bill, article 1478, it provides tax incentives, not only to businesses registered under the single tax business regime but also to those registered under the real regime.
In effect,...
In Togo, the number of firms established by private deed, that is without resorting to an authentic deed, has almost doubled, soaring from 947 in 2015 to 1339 in 2017 (+40%).
Last year, 76% of firms that were established were LLC (limited liability companies), against 54% in 2015. A boom fostered by the reduction of minimum share capital to create an LLC, to CFA100,000.
In addition, other...
Last December 20, Togo’s parliament has approved the 2018 finance bill. The latter was amended slightly, in regards to taxes, compared to last year’s.
In fact, the government, this time, is betting on tax relief to efficiently tackle poverty, unemployment and boost consumption and investment in the country.
Lomé’s new strategy involves a battery of measures which should provide both...
Government wants to limit age of imported used cars in the country. This is the main substance of the decree adopted during a ministers council held on January 10, 2018. The limit itself is however yet to be disclosed.
Uncontrolled import of used cars, not meeting standards, and their use are causing health and environmental issues. Among others, there is noise pollution, pollution by chemicals...
In its New Year’s message, President Faure Gnassingbé has promised to award 20% of public procurements to young local entrepreneurs. “I plan to set aside up to 20% of public procurements to young entrepreneurs and women, who by the way will benefit from simplified procedures,” the president said.
This commitment aligns with the government’s will to boost socio-economic inclusion of...
Soon, the University of Lomé will have a mining information center. Its establishment will be part of a project to rehabilitate buildings and practical training rooms of the departments of chemistry and geology, at the faculty of science of Lomé.
The government will pay works for the project with a loan it secured from the International Development Association under the mining governance and...