Togo Provides Financial Support to Twenty Young Entrepreneurs in Savanes Region

Economic governance

Monday, 20 October 2025 14:34

Togo Provides Financial Support to Twenty Young Entrepreneurs in Savanes Region

Twenty entrepreneurs in northern Togo will each receive between 50,000 and CFA1 million ($80–$1,600) in funding.
The initiative is part of the third edition of the “Carrefour Jeunes” regional forum organized by the Council of Young Entrepreneurs of Togo (CJET).
Ten top performers will join an immersion trip to Lomé to meet partners and expand business opportunities.

Twenty young entrepreneurs from diverse sectors in Togo’s Savanes region will receive financial support ranging from 50,000 to CFA1 million as part of efforts to boost local entrepreneurship, the Council of Young Entrepreneurs of Togo (CJET) said after its regional forum held October 16–17 in Dapaong.

The beneficiaries were selected at the end of the third “Carrefour Jeunes” forum, aimed at strengthening the business structures of emerging entrepreneurs and consolidating existing ventures. The financial aid is designed to help recipients scale up their operations and formalize their businesses.

Beyond funding, the ten best-performing entrepreneurs will participate in an immersion trip to Lomé, where they will visit economic infrastructures, engage with private and institutional partners, and seek strategic collaborations to accelerate their growth.

CJET President Mélissa Sama said the initiative aims to revitalize entrepreneurial momentum in the Savanes region, which faces both security and economic challenges.

“What we want is to nurture leaders capable of transforming the local economy sustainably,” she stated.

The organization plans to complement these grants with technical and financial support mechanisms tailored to regional entrepreneurs’ needs, in partnership with various institutions. The broader goal is to promote inclusive and resilient economic growth across the region.

CJET, a national organization supporting companies and cooperatives less than ten years old, plays a key role in strengthening the country’s small-business ecosystem. It facilitates access to suppliers, financial institutions, and public authorities while assisting members in meeting administrative and legal obligations.

The council’s work focuses on training, networking, partnership development, and advocacy to improve the business environment and encourage private initiative.

This article was initially published in French by Esaïe Edoh

Adapted in English by Ange Jason Quenum

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REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.