A benchmark incubator will be opened in Lomé in the coming days at the initiative of the African Guarantee Fund West African (African Guarantee Fund).
Through its initiative, the financial guarantee institution intends to “make Lomé a pole of excellence in the promotion of the private sector of the entire West African sub-region”.
According to Adidja Zanouvi, Director General of the institution, the incubator will “help technically assist small and medium-sized Togolese businesses as well as financial institutions, with a view to their growth. ”
Beyond this, the African Guarantee Fund West Africanentend to grant guarantees to 2000 SMEs on average per year and per country, in West Africa, against 1000 currently.
The West Africa Guarantee Fund (AGF-West Africa), based in Lomé, is the new name of the former Guarantee Fund for Private Investments in West Africa (GARI Fund) bought back in 2015 by the African Guarantee Fund (AGF) headquartered in Kenya.