Business Financing: AfDB and AGF team up to boost the capacities of 80 Togolese MSMEs

Economic governance
Friday, 13 May 2022 19:00
Business Financing: AfDB and AGF team up to boost the capacities of 80 Togolese MSMEs

(Togo First) - The African Development Bank (AfDB) and the African Guarantee Fund (AGF) will train and provide technical support to 80 youth-led micro, small and medium enterprises (MSMEs) in Togo.

This is part of a mentoring program initiated and backed by the AfDB’s Multi-Donor Youth Entrepreneurship and Innovation Trust Fund (YEI MDTF). 

Businesses that applied and were enrolled in the mentoring program operate across a wide array of sectors, such as crafts, agriculture, service trades, renewable energy, and new technologies.

The program was launched on May 12, 2022, at AGF’s West African headquarters in Lome. The launching ceremony was attended by the selected entrepreneurs and several officials. 

This technical support will be provided by Dowjil Capital (based in Abidjan), which was picked for this purpose by the AfDB and AGF. The support will focus on capacity-building, business registration towards loan obtention, and connection with financial institutions active in Togo. 

Ayi Renaud Dosssavi

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

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