Togo: New MSME Charter Now Available Online

Economic governance
Wednesday, 03 July 2024 17:07
Togo: New MSME Charter Now Available Online

(Togo First) - It is now possible for Togo’s micro, small, and medium-sized enterprises (MSMEs) to access their charter online. The Ministry of Trade, Rose Kayi-Mivedor, made it possible on July 2, 2024, in Lomé, on the 2nd edition of the International Day of MSMEs. The event was placed under the theme: "Building a collective resilience of MSMEs for better access to financing and markets".

The innovation aims to foster MSMEs’ development and competitiveness. With it, these businesses should benefit from existing financing mechanisms more easily. 

On the newly launched portal, MSME owners can register and join the charter by entering their details and the details of their businesses. The type and location of the business will be required, with different fees for different categories of businesses.

It should be noted that this charter, approved in 2021, puts MSMEs into four distinct categories: Nano, Micro, Small, and Medium. The sales volume–ranging from 5 million to 1 billion FCFA–determines the category.

Esaïe Edoh

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