Lomé to host the second edition of the Africa Investment Days Forum next October

Investments

Tuesday, 28 June 2022 17:40

Lomé to host the second edition of the Africa Investment Days Forum next October

(Togo First) - Togo will host the second edition of the Africa Investment Days Forum on October 27 and 28 this year.

The event itself was launched last week, on June 28, in Lomé. Key figures present at the occasion included César Apollinaire Ondo Mve, President of the Common Court of Justice and Arbitration of OHADA (CCJA), which covers 17 African states, Guy Martial Awona, CEO of Orabank Togo, and Ali Badini, CEO of Crédit Access.

The theme picked for the upcoming forum is “Investing in Africa: How to pair profitability and sustainability?” It is Organized by the African Capital Investment Promotion (ACIP), and the Société Civile Professionnelle Toble & Associés, a law firm at the Bar of Togo.

"Important topics will be addressed and will have the merit of covering sectors related to agriculture, infrastructure, FinTech, energy and culture and their interactions with the associated sources and mechanisms of financing," say the promoters.

The forum, which will be held in Lomé, will gather regional and international stakeholders around business opportunities available in Africa. About 50 speakers, from Togo and abroad, as well as 400 participants, are expected to attend the event. It is sponsored by national actors such as the Chamber of Commerce and Industry of Togo, the National Council of Togolese employers, financial actors such as Orabank, and the Ivorian microfinance Credit Access

The first edition of the Africa Investment Days Forum was held two years ago. It focused on financing companies in OHADA law.

Ayi Renaud Dossavi

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.