To address the funding gap facing startups and SMEs, the Ivorian government will set up an investment facility that will allow investors to acquire stakes in the concerned companies and startups.
The Ivorian government is planning a Long Term Investment Facility (LTIF) to improve the financial inclusion of start-ups and small, medium, and large enterprises (SMEs), several local media outlets reveal.
The FILT, also called CDC-CI Capital, will be created on June 19 as a subsidiary of the national deposit and consignment fund CDC-CI. It will be established as an open-ended joint stock company endowed with a CFAF 38 billion ($63 million) capital to be invested in two windows. Specifically, CFAF8 billion will be invested in the first window dedicated to startups and SMEs. The second window, endowed with a CFAF30 billion budget, will finance large companies involved in environmental projects.
The investment facility will be an alternative financing mechanism that will allow investors to make equity or quasi-equity investments in companies. It aims to promote investments in innovative high-growth start-ups and SMEs in the pre-seed and other venture capital phases, especially those led by women and the youth.
"This facility could be opened up to other investors in the future to make it a regional tool for financing priority projects," said Arthur Coulibaly, coordinator of the Competitive Value Chain Program for Employment and Economic Transformation (CCEPET).
According to the World Bank, Côte d’Ivoire faces major challenges that prevent it from fully benefiting from its digital economy. The challenges are notably low digital inclusion in rural areas, inadequate policies and regulations, and insufficient funding for private sector development.
Thanks to actions taken by the government, the financing situation has improved. According to World Bank data, the ratio of domestic credit to the private sector has risen from 13.1% in 2010 to 21.1% in 2020.
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might seek to address rating concerns • April 2026 allows...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the...
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...