Togo: MSMEs Generate 75% of Jobs in Private Sector

Economic governance
Friday, 28 June 2024 14:52
Togo: MSMEs Generate 75% of Jobs in Private Sector

(Togo First) - Micro, small, and medium-sized enterprises (MSMEs) generate 75% of private sector jobs in Togo. Minister of Trade, Kayi Mivedor, disclosed the figure on June 27, 2024. 

Mivedor also noted that MSMEs “have been at the heart of the government’s action for many decades.” The official spoke on the sidelines of the MSMEs Day.

MSMEs make up over 90% of Togo’s economic landscape. They contribute 40% of its GDP and provide 60% of jobs.

Given their importance, the government constantly ramps up efforts to support MSMEs. For example, Lomé has adopted an MSME charter to provide these businesses with tailored support. The authorities have also created a national agency dedicated to MSMEs’ growth and coordination. 

Esaïe Edoh

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