Faiej celebrates the 3-year anniversary of "Jeudi J’ose" and awards 21 entrepreneurs

Education

Friday, 12 October 2018 14:04

Faiej celebrates the 3-year anniversary of "Jeudi J’ose" and awards 21 entrepreneurs

(Togo First) - The monthly exchange and experience sharing platform "Jeudi J’ose", celebrated its third year anniversary on October 11, 2018, in Lomé during a special edition.

The celebration, held at Bluezone in Cacaveli in attendance of many officials, was coupled with an award ceremony of 21 entrepreneurs who are laureates of the competition and regular attendants of the previous editions.

Eight laureates of the youth entrepreneurship promotion programme (Programme de Promotion de l’Entreprenariat des Jeunes-PPEJ 2018) and one laureate of the International Forum of Youth and Green Jobs (IFYGJ), received a total of CFA17,974,004 to launch their activities.

Nine other laureates of the PPEJ 2017 received motivating envelopes totaling CFA3,678,000 to consolidate their operations.

In addition, 3 regular participants of the Jeudi J’ose meetings received a loyalty trophy and a check of CFA500,000 each.

In the presence of the media, Sahouda Gbadamassi-Mivedor, director of Faiej, (Fonds d’Appui aux Initiatives Economiques des Jeunes), praised the success of Jeudi J’ose, which "within 3 years mobilized more than 4,000 young people, in Togo, who were able to implement the advice and knowledge shared during the exchanges".

Commenting on the numerous awards won by young Togolese entrepreneurs recently, Victoire Tomégah-Dogbé, the minister of youth employment indicated that "this initiative and, more broadly, all the youth support reforms, initiated by the government are now yielding results".

Before the award ceremony, the entrepreneurs were advised on the theme, retained for this 36th edition of the exchange which is "5 réflexes d’un entrepreneur gagnant" ( Five behaviors of a winning entrepreneur) developed by the coach Malick Ayeva.

Octave A. Bruce

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.