Togo Invest, Kara Investment Fund sign MoU to support local MSMEs

Friday, 17 September 2021 13:39
Togo Invest, Kara Investment Fund sign MoU to support local MSMEs

(Togo First) - Togo Invest Corporation SA and Kara Investment Fund recently signed an MoU to support Togolese businesses. 

Through the deal, the two entities will combine their efforts to “raise funds to support Togolese micro, small, and medium enterprises (MSMEs),” especially businesses in their growing phase.

In detail, the signatories will finance agricultural, clean energy, airport infrastructures, road, telecom, and digital projects. They will also share opinions and information “frequently about the mobilization of funds from European institutional investors.”

The end goal of Togo Invest and Kara Investment Fund is to bolster the country’s economic fabric, in line with the government’s 2020-2025 roadmap.

Kara Investment Fund is a Luxembourg-based Africa-focused fund. Primarily, it backs projects that have social and economic impacts, as well as environment-friendly projects. In Togo, the Fund is engaged in agribusiness with its investments forecast at CFA5 billion.

Togo Invest, for its part, is a Holding established by the Togolese State. It supports the latter in key investment projects.

Esaïe Edoh

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