togo-government-foresees-significant-drop-in-inflation-in-2024
Public Management - Inflation in Togo should keep falling this year. According to the government, it should drop to 2.7%, from 5.3% in 2023.  Sani Yaya, Minister of...
Investments - The International Finance Corporation (IFC) projects that its investments in Togo will exceed $80 million by June 2024.  In a recent meeting...
Public finance - Togo raised CFA34 billion on the WAEMU market last Friday. The country’s treasury obtained the funds through a simultaneous issue of fungible treasury...
Infrastructure - The government will kick off tomorrow, March 19, the construction of 21 bridges in the countryside. Togo First learned from a reliable source that...
Energy - Last week, Adenia Partners announced it has acquired 12 subsidiaries of Air Liquide, a French industrial gas group. Adenia, a Mauritius-based private...
Transport - Austrian Airlines can now serve Lomé directly. Last Thursday, March 14, Togo and Austria signed an agreement to this end. The deal was signed in Lomé, by...
Economic governance - Togolese exports grew from CFA566.1 billion to CFA841 billion in value from 2012 to 2022. The data, consulted by Togo First, was initially reported by the...
Public finance - Last year, the Togolese Revenue Office (OTR) collected CFA990 billion in taxes and customs duties. According to Philippe Kokou Tchodie, Commissioner...
Agriculture - Togo produced 38,880 tons of cashews in 2023. This is against 22,937 tons in 2019 (+70%).  The figure was disclosed by the Interprofessional Council...
Economic governance - Rose Mivedor, the Togolese Minister of Trade, participated, virtually, in the second UN Forum on the Future of Least Developed Countries. On this...
Logistics - Together, Niger, Mali, and Burkina Faso totaled over 92% of the port of Lomé’s transit in 2022. In detail, Burkina Faso grabbed 80.48% of the port’s...
Economic governance - Togo has made significant investments and introduced several reforms to improve human capital. In a three-day visit to the country that ended on March 11,...
Agriculture - Togo imported 52,568 tons of Thaï rice last year, according to the Ecofin Agency. This makes the country the tenth biggest importer of Thaï rice in...
Energy - Electrification rates in many Togolese towns have surged over the past year. The minister of energy, Mila Aziable, recently disclosed the figures,...
Economic governance - The World Bank Group launched its 2024 report "Women, Business and the Law" in Lomé on March 8, on International Women's Day. The launch was attended by...
Energy - Togo just launched a project to strengthen energy distribution capacity in the central region. The project aims to enhance access to electricity in major...
Agriculture - The second edition of the Agricultural Producers Forums (FoPAT) launched today, March 11. It ends next month, on April 12. This year, the nationwide event...
Infrastructure - Infrastructure projects funded by the World Bank in the Kara region are almost done. World Bank VP Ousmane Diagana and Togolese PM, Victoire Tomegah-Dogbe...
Transport - Bonkoungou Distribution (BKG) launched an online car reservation service in Lomé on March 7, 2024. BKG Speed offers rides, food, and parcel delivery...
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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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