Togo: ANPGF has backed over 1,200 SMEs with CFA13.5 billion since launching

Economic governance
Monday, 18 December 2023 17:17
Togo: ANPGF has backed over 1,200 SMEs with CFA13.5 billion since launching

(Togo First) - From its launch in 2006 to the end of 2022, Togo’s National Agency for Promoting and Guaranteeing SMEs’ Financing (ANPGF) has released over CFA13.5 billion.

The funds backed around 1,200 SMEs over the period. Also, the Agency registered 2,478 SMEs and trained over 3,000 entrepreneurs every year since it started operations. 

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The ANPGF is headed by Naka Gnassingbé de Souza. The state agency fosters the growth of new businesses, helping them get financial and technical support. It also grants financing guarantees of up to 50%, thus halving the financing risk on projects costing more than CFA2.5 million.

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