Sinergi Burkina, the first impact investment fund in Burkina Faso, launched in January 2022 the Facilitation of Access to Structured Finance for Burkinabe SMEs (FFS-PME) project, in partnership with the West Africa Trade and Investment Hub.
Financed to the tune of $1 million, the project aims to facilitate access to structuring financing for a greater number of small and medium-sized enterprises, which are true levers of economic and social development. More specifically, the project will make it possible to :
- Increase access to financing for SMEs by catalyzing more than 7 times the Trade Hub’s co-financing in order to mobilize more than CFAF 4 billion for the benefit of SMEs in Burkina Faso
- Contribute to the creation of more than 400 decent direct jobs and more than 600 decent and sustainable indirect jobs, 50% of which are for young people and 50% for women
- Strengthen the post-investment capacities of SMEs through technical assistance to companies
- Secure and increase the income of at least 2000 small producers, beneficiaries, breeders and/or input suppliers
According to the Director of Sinergi Burkina, Mr. Job ZONGO, this partnership, which is expected to last until May 2024, is a real asset for the development and promotion of private equity in Burkina Faso.
The USAID-funded West Africa Trade & Investment Hub (Trade Hub) is a 5-year, $140 million trade and investment facilitation activity designed to improve private sector productivity, profitability, and competitiveness in West Africa through market-based approaches. Learn more