Togo: Association of Large Enterprises and National Coalition for Youth Employment ink partnership agreement

Economic governance
Wednesday, 26 January 2022 09:39
Togo: Association of Large Enterprises and National Coalition for Youth Employment ink partnership agreement

(Togo First) - The Association of Large Enterprises of Togo (AGET) signed a partnership agreement with the National Coalition for Youth Employment (CNEJ) last weekend. This happened during a grand gathering of the AGET in Lomé. 

The agreement provides mainly the establishment of a mentoring program for young entrepreneurs - an initiative that will, according to the government, help "bolster international cooperation and the regional position of Togo in trade." Myriam Dossou-d'Almeida, Minister for Grassroots Development and Youth Employment, represented the government at the event. 

For its part, the AGET believes that the partnership will help increase support to the country's entrepreneurial ecosystem.

The AGET regroups limited companies under Togolese law, and private firms operating in the customs, industry, and services sectors. Its members have a turnover greater than or equal to 2 billion CFA francs for manufacturers, and greater than or equal to 500 million CFA francs for those in the service sector. The Association is estimated to contribute respectively 20% and 30% of Togo's GDP and its tax and customs earnings. 

In November 2020, as the COVID-19 caused economic activities to slow down, the AGET made various suggestions to revive Togo's economic machine after the crisis. 

Esaïe Edoh

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