BOA-Togo: Businesses Have Until July 30th to Apply for CF2billion for the 100 Young Entrepreneurs Program

Economic governance
Monday, 26 June 2023 15:34
BOA-Togo: Businesses Have Until July 30th to Apply for CF2billion for the 100 Young Entrepreneurs Program

(Togo First) - Entrepreneurs looking to apply for BOA’s CFA2 billion for the 100 Young Entrepreneurs project in Togo have until July 30 to do so. The lender announced the deadline last Thursday, June 22, on the sidelines of Meet Up 2, a gathering of young African success stories and entrepreneurs. 

Turnover of SMEs and SMIs applying for BOA’s program must not exceed CFA300 million, and they should be at least 24 months old. 

Applicants must submit innovative projects across various sectors; these projects must focus on advancing Togo’s economic development. 

Businesses selected will get financing to enable them to expand their activity and boost their earnings. 

Two months ago, the BOA received $77 million from the International Finance Corporation to cover half the risks on its loan portfolio targeting SMEs in 10 African countries, including Togo. 

Esaïe Edoh 

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