Togo: the 100 SMEs incubated by the CCIT could generate nearly 30,000 jobs

Economic governance
Monday, 03 August 2020 17:17
Togo: the 100 SMEs incubated by the CCIT could generate nearly 30,000 jobs

(Togo First) - Hundred first-time entrepreneurs will benefit from an incubation program developed by Togo’s chamber of commerce and industry (CCIT). The beneficiaries will receive training at the Agbelouvé industrial site. 

Germain Mèba, chairman of the institution highlighted that this is a mentorship and support program. It will focus on industrial businesses that produce, process, and or sell agricultural or textile products. 

Incubated SMEs will have the opportunity to partner with existing processing firms. In addition to the partnerships which will foster the budding entrepreneurs’ growth, they will have better access to loans from institutions such as the MIFA, African Lease Togo, and commerce chambers. 

With the money they will get, the incubated entrepreneurs will be able to finance their projects and should create in over three years, around 30,000 indirect and direct jobs, according to the CCIT. Their respective business plans are presently being finalized. 

Séna Akoda

togofirst mobile

 
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