Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Public Management

Togolese government launches many reforms to encourage youth and women to enterprise

Thursday, 08 February 2018 13:38

(Ecofin Agency) - Over two months, Togo’s government has launched no less than ten reforms to facilitate business creation by youth and women in the country. These reforms include: removal of registration fees and stamps duties, liberalization of social capital, exemption of business tax for young entrepreneurs, reduction of legal ads costs to CFA1,000 from CFA5,000, tax incentives etc.

Also, 20% of public procurements will be set aside for young firms that will freely trained on tendering procedures.

Steering these reforms is the business climate cell (CCA) which was officially launched last week. According to Sandra Johnson, national coordinator of the cell, the CCA is “a strategic instrument, placed under the authority of the President of the Republic, with the mission to coordinate ministries’ efforts.”

“The primary objective of this array of measures is to encourage young companies to get formalized to benefit from facilities offered, especially financing mechanisms set by Sate jointly with financial institutions,” she said.

Read here full interview with Sandra Johnson. 

The Council of Minister of the week of last Jan. 22, adopted, for this same purpose, a draft law on the new tax code. Falling under the latter is a gradual reduction of corporate tax to 25%, and suppression of many other taxes.

Still to contribute to this development, the economic news website Togo First was launched by Ecofin Agency with CCA as sponsor.  

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Mining


 
Telecom


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.