Togo: 7,195 new businesses registered in H1 2022

Economic governance
Thursday, 14 July 2022 14:18
Togo: 7,195 new businesses registered in H1 2022

(Togo First) - From January to June 2022, 7,195 new businesses were registered at Togo’s Center for Business Formalities (CFE). That is 1.5% lower than the number recorded over the same period in 2021. 

Out of the 7,195 businesses created last semester, 6,092 were registered by Togolese and the rest by foreigners. The man-to-woman ratio is 59% (4,288) to 41% (2,907), with men leading. Also, natural persons declared 4,379 of the new businesses and legal entities declared 2,816. 

Togo, it should be emphasized, is currently recovering from the Covid-19 pandemic’s impact. With this in mind, the government encourages entrepreneurs to launch businesses, especially businesses involved in local product processing.

Esaïe Edoh 

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