In the first quarter of 2025, Togo saw the establishment of 4,262 new businesses, as reported by the Business Formalities Center (CFE). While this figure represents a 5% decrease from the 4,503 businesses launched during the same period last year, it still indicates a robust entrepreneurial spirit.
The majority of these new ventures, accounting for 81%, are initiated by nationals, with women making up 28.6% of the entrepreneurs.
January emerged as the most productive month, witnessing 1,498 new business registrations, followed by February with 1,314 and March with 1,450, according to the available data.
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This trend is part of ongoing reforms aimed at streamlining administrative processes and promoting formal business operations, which have been in place for nearly a decade.
Looking ahead, the upcoming quarters will reveal whether this 5% decline signifies a long-term trend or merely a temporary fluctuation.
For context, a total of 14,921 businesses were established in Togo throughout 2024, with over 10%, or 1,546, launched in January 2024 alone.
