Togo Updates Law on Electronic Transactions to Promote E-commerce and Build Digital Trust
Togo just revised its law on electronic transactions, on June 27th, during the fifth plenary session of the first ordinary session of the National Assembly. The update aims to match existing regulations to new challenges and issues that electronic transactions pose.
Also, the updated bill aims to create a favorable environment for the development of e-commerce and to enhance consumer trust in online transactions, according to the Togolese parliament. This initiative aligns with the rapid evolution of technology and the increasing digitalization of the global economy, and it complements the country's recent ICT reforms.
Although e-commerce still involves a small percentage of citizens (estimated at 6% based on 2019 data), the sector is experiencing significant growth, especially due to the development of mobile money. "This bill ensures inclusive, secure, and fast digitalization for socio-economic development," stated the National Assembly. "Other merits of the law include strengthening rules related to electronic copies and the preservation of qualified electronic signatures, regulating electronic stamps and digital safes, as well as increasing obligations for trust service providers in case of non-compliance," it added.
Cina Lawson, Minister of Digital Economy and Digital Transformation, who was present during the parliamentary proceedings, praised the passage of the bill, noting that it should help establish digital trust, and foster ICT usage and that it is a step more towards Togo’s modernization and digital transformation.
Ayi Renaud Dossavi