The ESW therefore assesses the key challenges facing the sub-sector and provides information, analysis and recommendations regarding: 1) the overall energy policy and strategy framework; 2) the institutional and regulatory framework including the necessary reforms within the context of Togo''s regional undertakings; 3) the electricity demand and
• Defining the legal regime of the electricity sector of Togo. • Establishing the legal framework within which activities involving generation, transmission, distribution, import and export of electricity are to be undertaken. • The establishment of rules of competition to be adhered to by operators of public service of electricity.
Policy Framework, Laws and Regulations Togo electrification strategy. Togo recognizes that access to electricity is an essential element of its economic development and inclusive growth policy and is one of the major pillars that will enable the implementation of its new National Development Plan.
The Electricity sector of Togo is governed by the main following texts:" The Agreement on the International Code of Benin-Togo Electricity of 23 December 2003;" Law No. 2000-012 of 18 July 2000 on the electricity sector;" Decree No. 2000-089/PR of 8 November 2000 establishing the modalities for conducting activities regulated by law No. 2000-012,
Togo''s current National Electrification Strategy aims to provide universal access to electricity by 2030, while increasing the share of renewables to 50% by ambitiously rolling out new power plants and off-grid solutions.
With an economically reform-minded government and modern transportation infrastructure, Togo''s steadily improving economic outlook offers opportunities for U.S. firms interested in doing business locally and in the sub-region. Even with a dip in growth due to the pandemic, Togo has sustained steady economic expansion since 2008 through reforms to encourage economic development and a better business environment. It ranked 97th on the Work Bank''s 2020 Doing Business report, an improvement of 59 places and the highest ranking in West Africa.
Current government policy is guided by the National Development Plan (PND) and an addendum policy roadmap for 2020-2025 that integrates business reforms and infrastructure projects designed to attract investment.
Togo has also initiated numerous legal and institutional reforms to create a more favorable business environment, including digitalizing public services and revising the labor and investment codes. The Ministry of Investment has been a key advocate for business facilitation and partnering with the private sector since its creation in 2020.
The conflict has aggravated an already fragile post-Covid socio-economic situation and has caused disruptions in the supply chain for agricultural products and fertilizers. The main consequences are the rise in the prices of staple food and agricultural inputs, especially fertilizers which saw a price increase of 30% in less than a year.
Togo does not have any laws or practices that discriminate against foreign investors, and there have been no significant changes since last year. The Investment Code, adopted in June 2019, prescribes equal treatment for Togolese and foreign businesses and investors; free management and circulation of capital for foreign investors; respect of private property; protection of private investment against expropriation; and investment dispute resolution regulation. The code meets West African Economic and Monetary Union (WAEMU) standards.
Togo has dramatically improved its business climate in recent years through the implementation of bold reforms. It now takes only seven hours to register a new company online with the "Centre de Formalité des Entreprises" ( https:// ), and Togo has continued to work simplify procedures and reduce costs for businesses, including digitizing and automating tax payments.
Reforms to public procurement in December 2022 harmonized regulations and provided a more favorable framework to potential foreign investors to participate in government infrastructure projects, improving the business climate.
The Agency for the Promotion of Investments and the Free Trade Zone (API-ZF) assists potential and actual foreign investors through the entire investment process. API-ZF maintains two web platforms to publicize key information for investors:
The United States and Togo signed the U.S. – Togo Treaty of Amity and Economic Relations in 1966, which entered into force a year later in 1967. This treaty provides for protections of U.S. and Togolese investors. Togo has signed many economic, commercial, cooperation, and cultural agreements with its foreign aid donor countries, including France, Germany, Canada, the Netherlands, Belgium, Switzerland, Japan, and more recently with China, India, Iran, Saudi Arabia, and Israel.
Togo does not have a bilateral investment or taxation treaty with the United States. Togo joined the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting in August 2021 as the 140th member as well as the October 2021 deal on the two-pillar solution to global tax challenges, including a global minimum corporate tax.
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