Nouvelle Sototoles Launches New Paint Production Unit in Togo

Infrastructure

Wednesday, 09 October 2024 16:56

Nouvelle Sototoles Launches New Paint Production Unit in Togo

(Togo First) - In Togo, Nouvelle Sototoles, a company under Hage Group, launched a new paint production unit, expanding its operations beyond sheet metal and metallurgical products. The new venture, branded Jessi Peintures, has been marketed in the sub-region for 20 years, particularly in Burkina Faso.

Located in the port area of Lomé, the plant required an investment of around CFA1 billion. It can produce up to 20,000 tons of paint annually. According to executives from Nouvelle Sototoles, "the plant uses automated production systems and state-of-the-art technologies, with mixing and packaging robots, as well as integrated quality control laboratories."

The company emphasizes its commitment to sustainability by using eco-friendly raw materials, recycling solvents, and reducing CO₂ emissions. "We aim to produce paints that not only beautify spaces but also respect the planet," they added.

The production will target local and regional markets, where demand for building finishing products is rising due to urbanization and growth in the construction sector. In Togo, the housing deficit is estimated at over 500,000 units, prompting both government and private investments in social housing projects.

The region faces a total housing deficit of about 3.5 million units, with a need for 250,000 new homes each year to keep pace with rapid urbanization and population growth.

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.