Government to amend micro and medium-sized enterprises' chart

Economy
Friday, 18 June 2021 14:50
Government to amend micro and medium-sized enterprises' chart

(Togo First) - The government plans to amend the chart of micro and medium-sized enterprises, to make it match the current economic and social context more. This was discussed during this week’s council of ministers, held on Wednesday.  

Due to the challenges preventing a true expansion and growth of the people’s entrepreneurship capacities, it became necessary to amend the existing chart to adapt it to our current social and economic environment,” the statement of the council reads. 

This revision directly aligns with the government's efforts, started a few years back, to push the youth towards entrepreneurship. 

It should be recalled that in Togo, micro and medium-sized businesses are mostly financed by family and friends as they struggle to get bank loans. 

Esaïe Edoh

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