Togo: Government presents ratified trade deals to local MSMEs

Economic governance
Wednesday, 01 March 2023 02:41
Togo: Government presents ratified trade deals to local MSMEs

(Togo First) - The Togolese government organized last week a meeting with local micro, small, and medium enterprises (MSMEs). Launched in partnership with the German Ministry of Economic Cooperation and Development (BMZ), the two-day meeting aimed to get the businesses more acquainted with trade agreements ratified by Lomé.

Sharing information with the MSMEs should, according to the organizers, enable them to secure more investments and access international markets more easily. 

For some months now, the government of Togo has been taking steps to help SMEs grow; among others, it has updated the charter of SMEs, a document through which it redefines the support of the government for these companies.

In November 2022, Lomé also announced some facilities for companies, including SMEs. These facilities included setting aside 25% of public contracts reserved for young entrepreneurs and access to financing at a reduced rate of 4.5% as provided by the FAEIJ for entrepreneurs.

Esaïe Edoh 

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