Togo has established itself as a leader in ease of doing business across West Africa and ranked as the 3rd best reformer globally in the Doing Business (2020) report by World Bank.
Ranked 6th in political stability and absence of violence / Terrorism in the West African region (World Bank 2019).
World Bank ‘Doing Business 2020’ report mentions that Togo made starting a business easier by abolishing the requirement to notarize company documents and by reducing the time to register a company.
Dealing with construction permits in Togo is made easier and the process is now more transparent. Togo also improved its building quality control by regulating inspections during construction.
Togo made getting electricity less costly by further reducing the cost of connection works and the security deposit for new connections.
Togo made property registration easier by streamlining administrative procedures and reducing costs.
Togo improved access to credit information by expanding the coverage of the credit bureau and beginning to distribute data from utility companies.