Togo: CCIT and African Solidarity Fund sign agreement in favor of business operators

Economic governance
Wednesday, 18 September 2019 17:29
Togo: CCIT and African Solidarity Fund sign agreement in favor of business operators

(Togo First) - Yesterday, Togo’s chamber of commerce (CCIT) signed with the African Solidarity Fund (ASF) a partnership agreement to improve access to bank financing for business operators.

This was on the sidelines of a forum that regrouped industrialists, entrepreneurs, merchants and many others. The forum’s theme was: “Facilitating Access to Bank Financing for Togolese Businesses by Leveraging Operational Instruments of the African Solidarity Fund.”

According to Affo Dédji, ASF’s country representative, the agreement’s signing aligns with AFSF’s strategies to support businesses in African countries.

For CCIT’s president, Germain Mèba, the agreement should enable business operators to readily secure bank funding, through the ASF’s intervention mechanisms, such as financial guarantee, refinancing, and enhanced interest rate.

Let’s recall that last June, Sani Yaya, Togo’s minister of finance, had reached out to the ASF to finance the country’s 2018-2022 national development plan.

Séna Akoda

togofirst mobile

 
Sondage
Should we encourage young togolese toward agriculture?
  • 57 Votes
    Yes
    55.88%
  • 25 Votes
    No
    24.51%
  • 20 Votes
    Don't have opinion
    19.61%
← Back
Total 102 Votes

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

Please publish modules in offcanvas position.