Togo: 25% of firms registered in 2018 are owned by women

Investments
Monday, 21 January 2019 14:22
Togo: 25% of firms registered in 2018 are owned by women

(Togo First) - In Togo, 25.61% of newly registered firms at the center for business formalities (CFE) last year are owned by women. The number is 2,701 businesses out of 10,545 businesses registered overall.

According to studies from the World Bank on a sample population of 1,500 micro-enterprises in Lomé, it appears that more women who are getting more involved in the private sector are performing better.

The survey’s statistics indeed state that profits of trained entrepreneurs, men and women, soared by 30% average over the period under review. For women alone, profits grew more than 40%.

Fiacre E. Kakpo

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