Last year, young entrepreneurs and women secured 10% of public procurements

Economic governance
Thursday, 16 May 2019 14:50
Last year, young entrepreneurs and women secured 10% of public procurements

(Togo First) - Young entrepreneurs and women secured 10% of all public procurements in 2018, the year in which the government decided to set aside for them 20% of these contracts.

In effect, at December 31, 2018, XOF12.638 billion worth of public contracts were attributed to this group of entrepreneurs. The figure was disclosed during the ministers’ council held May 15. According to the council, “it represents a coverage rate of 51.29% for the 20% procurement set aside.”

The measure’s implementation it should be noted is steered by a taskforce established for this purpose and placed under the authoritiy of the Presidential cabinet.

Also, the government has recently raised to 25% the share of public procurements reserved for young entrepreneurs and women; a decision spurred by performances recorded last year and at the beginning of 2019.

Séna Akoda

 
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