(3 Minutes Read)
In Togo, women entrepreneurship is a growing trend, with initiatives like INNOV’UP providing mentorship and support for women-led startups.
A new credit line of 1 billion CFA Francs (approx. USD 1.6 million), launched in partnership with Ecobank, is offering fresh hope to women entrepreneurs in Togo. But questions remain: how far can this initiative go in closing the estimated USD 45 million financing gap for women-led SMEs?
The credit facility has been welcomed by local businesswomen who face persistent barriers to accessing finance. However, experts warn that while it’s a step in the right direction, broader structural reforms and increased private sector engagement are still needed to ensure long-term impact.
In Togo, women entrepreneurship is a growing trend, with initiatives like INNOV’UP providing mentorship and support for women-led startups. Efforts are underway to address gender gaps and increase women’s participation in sectors like sesame processing, with organisations like the ICR Facility working with the Ministry of Investment Promotion. Furthermore, access to finance and digital skills are crucial for women entrepreneurs, and projects like the Dutch Good Growth Fund are helping to bridge these gaps.
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In Togo, women’s entrepreneurship is a growing trend, with initiatives like INNOV’UP providing mentorship and support for women-led startups. Efforts are underway to address gender gaps and increase women’s participation in sectors like sesame processing, with organisations like ICR Facility working with the Ministry of Investment Promotion. Furthermore, access to finance and digital skills are crucial for women entrepreneurs, and projects like the Dutch Good Growth Fund are helping to bridge these gaps.
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