Togo recently adopted a guide to help startup founders raise funds. It was launched on November 30, 2022, in Lomé. The document takes an in-depth look at the country’s financing ecosystem and financing opportunities available to Togolese entrepreneurs.
“This guide provides information on the methodology of access to finance and also information on support structures, and the various existing sources of investment at the national level to support Togolese entrepreneurs, “said the head of the program to improve the competitiveness of the private sector in Togo (ProComp), Markus Schubiger.
Also, the 139-page document advises entrepreneurs on ways to secure funds and efficiently manage these funds. Accessible, the guide specifies the type of financing necessary based on the type of business.
The document, which is currently available in digital format, was produced as part of the ProComp project. The elaboration was backed, financially and technically, by the German Federal Ministry for Economic Cooperation and Development (BMZ) through the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
In Togo, the ministry in charge of investment promotion will raise the awareness of entrepreneurs about the document.
