Togo: 1,354 new businesses officially registered in March 2022

Economic governance
Thursday, 07 April 2022 12:43
Togo: 1,354 new businesses officially registered in March 2022

(Togo First) - Throughout the past month, 1,354 new businesses were registered in Togo, according to data from the Center for Business Formalities (CFE). Compared to February 2022 when the CFE recorded 1,278 new registrations, March’s figure represents a 6% increase; and it is 4% more than in January (1,300).

Looking at the men to women ratio, men officially set up 978 businesses last month, while women registered 376. As for the foreigner to native ratio, the former registered 216 businesses, while the remaining 1,138 were created by Togolese citizens.

Quarterly, 3,932 businesses were created in January-March 2022. This is about 4% less than in 2021, over the same period (4,087).

Yearly, 13,770 businesses were registered at the CFE in 2021, up 9% year-on-year (12,500 in 2020).

Esaïe Edoh

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