Togo: Authorities initiate workshops to inform young local entrepreneurs about government's measure of setting aside 25% of public contracts for them

Economic governance
Wednesday, 04 September 2019 10:09
Togo: Authorities initiate workshops to inform young local entrepreneurs about government's measure of setting aside 25% of public contracts for them

(Togo First) - On September 2, Togo’s public procurements regulatory organ started in Lomé workshops to equip young Togolese entrepreneurs regarding the government’s measure of setting aside 25% of public procurements for them.

This is measure aiming to allow more young men and women to have access to public procurements while also bolstering their entrepreneurial spirit. This is in a context where unemployment and underemployment highly hamper economic growth.

The measure enabled last year, by December 31st, young Togolese entrepreneurs to capture more than XOF12 billion worth of public contracts. At the time however it should be highlighted, the share of public contracts reserved for the concerned group of people was 20%.

While presently held in Lomé, the ongoing workshops, scheduled to end by September 20th, should also be organized in Atakpamé and Kara. The initiative is backed by the Fund for Support to Youth-led Economic Projects (FAEIJ) and the National Office for Public Contract Control (DNCMP).

Séna Akoda

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