EU-backed fund Investors & Partners supports the digital transformation of Lomé Business School

Education

Monday, 14 February 2022 14:13

EU-backed fund Investors & Partners supports the digital transformation of Lomé Business School

(Togo First) - The European investment fund, Investors and Partners (I&P), will help Lomé Business School (LBS) create an e-learning platform. The financial support, I&P’s first in a private business in Togo, was announced by the fund last week, via a statement.

Under the partnership, LBS will also get equipment and be supported in implementing an educational engineering process involving digitalization aspects.

I&P’s investment is part of its I&P Acceleration in the Sahel scheme. The latter is aimed at West African start-ups and SMEs.

"Our model is based on training by national and international experts and personalized support, as well as practical internships in companies each year and student entrepreneurship to guarantee 100% professional integration," said Fulgence Amani, telecommunications engineer, and co-founder of LBS. "We also emphasize access to digital technology and equipment for all students, international exposure, and exchange programs with European business schools.”

Launched 20 years ago, the I&P fund mainly finances and supports start-ups and small and medium-sized enterprises in Sub-Saharan Africa. It is backed by the European Union (EU).

"We are delighted that the I&P Acceleration program in the Sahel has begun operations in Togo with the financing of the first company in the vocational training sector," said Joaquín Tasso Vilallonga, Ambassador of the European Union to Togo. "This is a good start for this program, in which the EU injected €15 million to support small businesses with high growth and job creation potential. This is an ambition that the EU shares with the Togolese government, in line with its 2025 roadmap in support of MSMEs - a great contributor to the country's economy," he added.

Founded in 2013, LBS is an international college based in Lomé. It offers business management and IT courses. The school aims to offer courses that meet international standards, especially big French universities.

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