Togo: New Business Registrations Dip 5% in Q1 2025, YoY

Economic governance
Friday, 04 April 2025 17:38
Togo: New Business Registrations Dip 5% in Q1 2025, YoY

(Togo First) - During the first three months of this year, 4,262 new businesses were registered at Togo’s Center for Business Formalities (Centre de Formalités des Entreprises–CFE). Year-on-year, the figure is down by 5%.

Nationals led the charge, accounting for 81% of new business start-ups. Women played a significant role, making up 28.6% of these new ventures. 

January was the busiest month for business start-ups, with 1,498 new entities emerging. This was followed by 1,314 in February and 1,450 in March.

The dynamism is the fruit of various reforms implemented over the past decade to streamline business formalities and foster registration. 

Coming quarters will determine whether the 5% decrease marks a structural slowdown or just a cyclical downturn. For perspective, 14,921 businesses were registered in Togo throughout 2024. More than 10% of them were registered in January.

 

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