Togo: the number of foreigners who registered a business in 2022 surpassed that of 2021

Public Management
Monday, 22 May 2023 14:08
Togo: the number of foreigners who registered a business in 2022 surpassed that of 2021

(Togo First) - More foreigners are starting up businesses in Togo. Last year, out of the 13,835 new businesses registered at the Business Formality Center (CFE in French), 2,176 were created by foreigners. The number is 1.6% higher than that recorded in 2021. 

Among foreigners who officially set up a business in Togo in 2022, Nigeriens (from Niger) came first with 402 businesses. Right behind were Beninese with 357 businesses. In the third position were Nigerians (285 businesses). 

Indians and Burkinabes followed, with 155 and 143 businesses. The top 10 was closed by Malians, Lebanese, Ivoirians, Ghanaians, and French, who are the only Europeans in the ranking. 

According to forecasts, the upward dynamic for business creation should continue, spurred by the government’s reforms (dematerialization of procedures, reduction of time, costs, and formalities among others) to improve the business climate. 

Esaïe Edoh

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.