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Access to finance for Senegalese SMEs: Oyass Capital, a 35 billion FCFA fund set up

31/01/2024
Source : ORISHAS FINANCE
Categories: Sectors

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Dans l' intention de faciliter l' accès au financement pour les PME sénégalaises et stimuler la croissance économique, le Sovereign Wealth Fund for Strategic Investments (FONSIS) has set up Oyass Capital

.

Oyass Capital is a 35 billion CFA franc fund designed to facilitate access to finance for Senegalese SMEs and to stimulate economic growth. It was launched on Tuesday 30 January in Dakar. According to Alé Nar Diop, the Secretary General of the Ministry of Economy, Planning and Cooperation, this fund aims to “facilitate access to capital financing for Senegalese SMEs, to stimulate economic growth in order to have a lasting impact on growth

[...]”.

Selon the administrator of FONSIS, Abdoulaye Diouf Sarr, “with an initial size of 35 billion FCFA at the first 'closing' [final process in concluding a transaction], Oyass Capital will reach a target size of 50 billion FCFA at the second 'closing'”.

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