M Auto and Togolese Government team up to speed up transition to electric mobility

Transport

Tuesday, 11 October 2022 14:44

M Auto and Togolese Government team up to speed up transition to electric mobility

(Togo First) - M Auto, a firm that makes and sells electric bikes, wants to help Togo transition to electric mobility. The company said so in a statement dated October 11, 2022, relayed by the Ecofin Agency.

"M Auto wants to help drastically reduce greenhouse gas emissions and promote a more virtuous mobility in Togo," the company wrote. M Auto claims to have sold and put into circulation 2,000 of its electric bikes and it boasts more than 3 million kilometers traveled in 3 months and has 2,500 orders confirmed and pending delivery.

M Auto’s bikes are made in Africa for Africans. The company affirms that its Commando bikes emit less gas than combustion bikes (5 t of CO2/y). Also, it claims that its recharging stations rely on captive solar networks.

"Affordable electric mobility, therefore, has a major role to play in reducing carbon emissions in Africa," M Auto wrote in the statement. The firm, it should be emphasized, is supported by the African Transformation and Industrialization Fund (ATIF).

M Auto is committed to the energy transition and sourcing at least 95% of its energy from renewable sources in all its operations, from manufacturing to battery recharging.

This commitment should greatly contribute to Togo’s ambition to emit fewer greenhouse gases, through its “Transition to electric mobility” project launched last month. Set to be carried out over four years, the project is backed by the Global Environment Fund (GEF) which invested over CFA860 million in it.

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)

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.