Togo: Government invites the local private sector to invest at the Industrial Platform of Adetikope

Economic governance

Monday, 12 December 2022 14:21

Togo: Government invites the local private sector to invest at the Industrial Platform of Adetikope

(Togo First) - A week ago, on December 6, the minister for investment promotion, Kayi Mivedor, met with actors of the Togolese private sector. The two parties discussed the Industrial Platform of Adetikope (PIA) and how the local private sector can gain from joining it.

"We would like, eventually, that the Togolese private sector, for its investment projects, reinvestment or diversification, thinks of settling on this site," Mivedor said.

In response, the honorary president of the Association of Large Enterprises of Togo (AGET), José Kwasi Symenouh, believes that "there are not only foreigners who can develop their business, but also the Togolese who want it.”

The government also suggested collaborative projects between nationals, or between nationals and foreigners looking to operate on the PIA.

The PIA is a 400-ha industrial park that is destined to receive several factories. It results from a partnership between the State and Arise IIP. The project cost the two partners CFA130 billion.

Esaïe Edoh

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)

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GETTING ELECTRICITY (more info)

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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.