Responsible Investment Management and Advisory Services

Francophone West Africa

SCBD has completed the last local stakeholder consultations in francophone West Africa with a well-attended workshop hosted in Abidjan on July 19th. The findings will be part of the regional study to be published during the last quarter of 2017.

In July, the first country report section of the regional study #ClosingTheGapGuinea was released. It establishes that operating in Guinea remains challenging for local enterprises as most of them are very small and struggle to access adequate financing and compete locally and internationally. However, the insights shared in the report also identify that the potential of entrepreneurship is starting to be acknowledged with a growing number of new enterprises each year: existing formal SMEs that show growth both in terms of employment and sales, and a few initiatives that have recently emerged to accompany local entrepreneurs. Insights from #ClosingTheGapTogo, which was released in September, reveal that entrepreneurship is on the rise in Togo, with more enterprises being created and enterprises growing both in terms of sales and employment. However, doing business is not easy in Togo and access to finance remains an important issue for local entrepreneurs.

Interested in the outcomes of the local stakeholder workshops in the six countries covered by the study? Willing to close the gap in one of these ecosystems? You can access short articles and all our studies published to date on the dedicated webpage of the DGGF website. The same resources are/will be available here in French.

As four other country reports and a regional overview get published, stay up to date by following us on Twitter: @SCBDFacility or contact Julia Kho at [email protected]