The African Guarantee and Economic Cooperation Fund (FAGACE) concluded a working mission in Lomé on Friday, May 16, aimed at strengthening its collaboration with financial institutions operating in Togo. The visit was part of the Meet-Up Finances Togo, a week of technical and strategic meetings focused on financing local economies.
During the mission, FAGACE signed or renewed several partnership agreements with banking institutions and management and intermediation companies (SGI) operating in the Togolese market. These agreements aim to improve access to financing, particularly for SMEs and structuring projects with a high economic impact.
Specifically:
- With SGI-Togo, the fund aims to promote corporate access to the regional bond market by working to reduce risks for investors.
- Discussions were initiated with several local banks, including BDM-Togo, UTB, BOA-Togo, and Coris Bank Togo, to better meet the financing needs of businesses, particularly SMEs/SMIs.
FAGACE stated that these partnerships are part of a dynamic aimed at amplifying its impact in the sub-region by supporting the development of a more inclusive and resilient financial ecosystem aligned with the priorities of Member States.
Active in 14 African countries, FAGACE plays a central role in development financing. It facilitates SMEs’ access to credit by providing guarantees to financial institutions, thereby contributing to the implementation of its member states’ economic and social policies.
