Especially with the latest Doing business report, where the ease of doing business is enshrined by the World Bank, togolese private sector intends to expose its forces during the first edition of the week dedicated to the private sector next November 04 to 08 in Lome around the theme "Private sector: engine of the growth and the socio-economic development of Togo".
The objective is to review all the concerns of the business world, especially to allow the private sector to be a real lever for the country's economic growth, alongside the public authorities.
Several questions will be addressed. This will include an inventory of the strengths and weaknesses of the private sector; measures to be implemented for effective public-private dialogue; Taxation adapted to different categories of companies including micro, small and medium-sized enterprises.
The need to promote the migration from the informal to the formal; stakes the African Continental Free Trade Area (AfCFTA) for the Togolese private sector; access to financing adapted to private sector activities; the valuation of goods and services of national production; highlighting the multisectoral economic potentialities of different regions of the country; promoting the production, processing, marketing and consumption of local products and the contribution of digital technology to business competitiveness and growth will be at the heart of the exchanges.
The initiative taken by the Togolese Ministry in charge of promoting the private sector is waiting for several results.
This will be the formulation of appropriate recommendations for a dynamic, strong and competitive private sector; the development of an advocacy document that includes a diagnosis of the major constraints of the private sector in its various components; the proposal of priority actions to promote the development of the private sector and further improve the business environment in Togo and measures to promote the production, processing, marketing and consumption of local products.
According to the organizers, the private sector week will see the participation of three hundred (300) people from the public administration, the private sector as well as technical and financial partners of Togo.
The conclusions and recommendations of this first edition will allow the private sector to make a fresh start in order to contribute more to the emergence of Togo by 2030.