CADERT conducts a workshop to teach young Togolese entrepreneurs about crowdfunding

Investments
Friday, 03 May 2019 17:40
CADERT conducts a workshop to teach young Togolese entrepreneurs about crowdfunding

(Togo First) - In Togo, the autonomous center for capacity-building and studies to promote growth (CADERT) launched on May 2 a workshop on crowdfunding and networking regrouping twenty young entrepreneurs.

Organized in partnership with the national coalition for youth employment (CNEJ), the workshop aimed at teaching participants about alternative funding means and about best practices to harness those.

This is in a context where “many young people have issues securing financing, especially SMEs and startups, said Julien Nze Biyoguet, expert in development economy at CADERT.

During the workshop, two main topics were debated. First is the need for participants to know themselves so as to better run businesses, and the second is about crowdfunding’s technical features.

Africa has more than 44 million formal SMEs, contributing 33% of GDP and 45% of jobs. Unfortunately, only 20% of these SMEs have access to bank loans and 30% have access to long-term financing.

Ayi Renaud Dossavi

 
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