imf-approves-58-7-million-disbursement-for-togo
Public Management - On December 20, 2024, the International Monetary Fund (IMF) approved the release of approximately $58.7 million for Togo, as part of the first...
Transport - February Global Shipping Leaders Join Adétikopé Dry Port In February 2024, the Plateforme Industrielle d'Adétikopé (PIA) welcomed several prominent...
Agriculture - The agriculture sector has recorded several developments in 2024. Key highlights included increased funding for food security, support for producers, a...
Culture - The Chamber of Commerce and Industry of Togo (CCI-Togo) celebrated on December 31, 2024, the Togolese winners of the 3rd edition of the "Tremplin Startup...
Education - There were many developments in Togo’s education and training sectors last year. Find below the top five. Strict Ban on the Use of Cell Phones in...
Energy - In Togo, things moved a lot in 2024 in the energy and mining sectors. The country took on new solar projects, sealed strategic partnerships, and launched...
Telecom - Togo is implementing new rules for SIM card registration. A government decree issued on December 26, 2024, mandates that all users of electronic...
Politics - Togo should have held its first senatorial elections on 2 February 2025, but the polls have been postponed to an unspecified date. The Council of...
Social - Togolese President Faure Gnassingbé has announced a special bonus of CFA60,000 for civil servants, religious education staff, and pensioners who are part...
Economic governance - Togo is updating its National Climate Change Adaptation Plan (PNACC). The project kicked off on December 23, in Lomé. The PNACC addresses climate change...
Economic governance - The European Union (EU) will support the Togolese State budget with CFA12.8 billion. The Togolese Ministry of Economy and Finance announced the news via a...
Public finance - Togo's Council of Ministers approved an amending finance bill for the fiscal year 2024 on December 16, increasing the initial budget by 3.3%. This...
Transport - Société des Transports de Lomé (SOTRAL) has announced a fare reduction for urban transport in Togo, starting December 23, 2024. The price for trips that...
Culture - Lomé-based media group New World TV has expanded its operations into Mali, officially launching its satellite television package (DTH) on December 12,...
ITC - To improve public access to essential information, Togo has launched two new platforms, Open Data and Géoportail Open Data. The announcement was made on...
ITC - This funding aims to connect around 8,000 public institutions, including schools and health facilities, to broadband internet. The project should benefit...
Economic governance - The Togolese government approved a revised budget for 2024 on December 16, 2024. The new total is CFA2,250.6 billion, up from the projected CFA2,179.2...
Security - The Togolese government will set up a commission to investigate the tragic incident recorded in Agoè, at the northern exit of Lomé, last Friday, December...
Agriculture - Nana Nanfamé is the new Chairman of the Board of Directors for the New Cotton Company of Togo (NSCT). The state company officially disclosed the news in a...
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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.

 

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