African Guarantee Fund seeks to boost its action in Togo

Economic governance
Monday, 16 January 2023 15:32
African Guarantee Fund seeks to boost its action in Togo

(Togo First) - The African Guarantee Fund (AGF) plans to bolster its action in Togo, especially in terms of financing SMEs/SMIs and promoting green finance. Felix Bikpo, chairman of the Fund’s board of directors exposed the ambition to President Gnassingbe on Jan 10.

During his audience with the Head of State, Bikpo emphasized that the AGF’s plans align with Togo’s new socio-economic development policy that is part of its 2025 roadmap. 

It’s worth noting that the two men met only a few weeks after the Africa Finance Industry Summit (AFIS) was held in Lomé. This is a Summit that gathered leading actors of Africa’s finance industry. 

Established in 2011, the AGF helps SMEs secure funds with more ease, so that they can fully play their role as a growth driver of Africa’s economy. The Fund opened its West African headquarters about two years ago, in Togo. 

The AGF and the Togolese government are partners. They support entrepreneurial actions carried out by women and the youth. They also support job creation and the financing of agricultural value chains. Formerly known as the Gari Fund, the AGF aims to help create 50,000 jobs, by 20225.

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