Togo Launches Semi-Industrial Red Oil Plant in Yoto 2 commune

Agriculture

Friday, 08 November 2024 15:11

Togo Launches Semi-Industrial Red Oil Plant in Yoto 2 commune

(Togo First) - A semi-industrial plant for producing red oil and palm kernel oil is being built in Tchékpo Dédékpoè, a town of the Yoto 2 municipality (70 km from Lomé). The project officially began on November 5, 2024, according to Agence Togolaise de Presse, a local media.

The plant is the fruit of a partnership between Yoto 2 and Morocco. This project is funded through the Fonds Africain d'Appui à la Coopération Décentralisée Internationale (FACDI), as part of a strategic partnership with Tangier. The construction is expected to take three months.

The new plant will feature a mini-solar power facility, a methanizer, and an integrated production system capable of initially producing 500 liters of oil per day, with potential for expansion based on local demand. The region is well-suited for growing red palm.

The facility aims to utilize renewable energy and biogas, contributing to a reduction in carbon emissions and enhancing the region's energy resilience. It will help boost local resources, create jobs, and stimulate the economy.

The project aligns with Yoto 2's Communal Development Plan (PDC) and Climate-Energy Plan, emphasizing sustainable development.

Esaïe Edoh

REFORMS OVERVIEW

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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 .

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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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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.