The launch of the pilot phase of the Credit Culture Fund of the West African Economic and Monetary Union (UEMOA) is scheduled for the 3rd quarter of 2025 at the latest. de l The information was announced on Thursday by the head of the Culture Division within the Department of Human Development (DDH) of the Commission ' UEMOA Donikpo Koné.

Le program scheduled to be deployed from 2025 to 2027, will cost a total of 20 billion CFA francs (33.8 million $) financed to the tune of one third by the Commission de l ' UEMOA and for the rest by the financial institutions in the Union such as the Regional Stock Exchange (BRVM) ,the BCEAO style="font-family: "Bookman Old Style”, "serif">, et l' The BOAD/Autorité des Marches finances (AMF-UMOA). According to Koné, the Crédit-Culture Fund will function as an impact investment fund whose interventions will include equity participation, credit guarantees from banks, debt and technical assistance to companies and operators in cultural and creative industries (ICC). According to the latter, “the leitmotif of this fund is to be able to structure the ICC sector. You cannot rely on subsidies. We are dealing with a specific segment where value is generated. In such a context, the fund will also support companies so that they are able to structure themselves and to face their difficulties in going to banks