Teranga Capital is one of the implementing partners of the I&P Acceleration in Sahel program, an Investisseurs & Partenaires (I&P) initiative to accelerate the development of existing and often informal small companies and to increase the chances of success of early stage entrepreneurial projects.
Deployed over four years, this ambitious program will benefit some 300 companies operating in 13 countries in the Sahel region: Benin, Burkina Faso, Cameroon, Côte d’Ivoire, Gambia, Ghana, Guinea, Mali, Mauritania, Niger, Tchad, Togo and Senegal.
I&P Acceleration in Sahel will give project holders and entrepreneurs the tools and skills they need to develop and scale up their businesses.
The European Union is financing the I&P Acceleration in Sahel program through the EU Emergency Trust Fund for Africa (EUTF), a financial instrument aimed at delivering a coordinated and rapid response to emergency situations related to instability, irregular migration and forced displacement and at providing sustainable solutions to migration management.
I&P Acceleration in Sahel is deployed around three complementary components :
Addressing the financing needs of companies during their incubation or acceleration phase. The seed funding is between 2 million FCFA and 40 millon FCFA
Strengthening the capacities of the companies and of the investment teams through or collective training and expert missions carried out by national and/or international experts
Strengthening entrepreneurship business structures
The I&P Acceleration in Sahel program targets start-ups and small companies meeting the following criteria: