In line with Law n°2012-34 based on which the Fund was created, FONSIS allocates up to 20% of its resources to the development of Senegalese SMEs through a Private Equity sub-fund only targeting SMEs.
By reinforcing the equity structure of SMEs, FONSIS will them to raise further debt, secured or unsecured, with other existing structures dedicated to them (FONGIP, BNDE, or other financial institutions).
FONSIS will develop specific programs for SMEs:
- Direct Investment in SMEs identified as potential national champions
- Development of investment vehicles specialized by sector.
- Greenfield projects to develop value chains.
FONSIS will allow targeted SMEs to proceed with the transformation of their life cycle with, ultimately, the development or restructuring of their operations, access to new markets or the financing of a significant acquisition. In this case, FONSIS equity contribution is limited to CFA francs 300 million.