Togo’s Chamber of trade and industry starts setting up an incubator for industrial businesses

Infrastructure
Thursday, 16 July 2020 14:55
Togo’s Chamber of trade and industry starts setting up an incubator for industrial businesses

(Togo First) - On July 15, 2020, the Togolese Chamber of Trade and Industry (CCIT) launched a project to open an incubator of industrial businesses.  

The project carried out in partnership with the International Federation of Consular Chambers for Africa (FICA) aims to support Togolese SMEs and SMIs and foster local processing and products. The incubator will be situated in the Agbelouve industrial area (62 km from Lomé). 

According to Germain Meba, president of the CCIT, the project aligns with the country’s national development plan while adding: “We will make sure that industrial businesses are more innovative.” 

After the Covid-19 crisis

More importantly, the new project was designed to tackle challenges that may arise post-Covid-19. “Despite current difficulties,” the CCIT declared, “we are thinking about the situation after the Covid-19. So we must put in place mechanisms enabling businesses to better start their activities.”

The incubator in this framework should be “essential to the growth of the Togolese economy.”

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