WE! Fund readjusts its investment strategy
The WE! Fund has decided to readjust its investment strategy. Due to the COVID-19 impacts, this decision was enacted in order to expand the development opportunities of the pipeline of projects and to increase support to SMEs that fall within its scope. The pilot phase shows that many projects/SMEs do not have the capacity to absorb CFA F 200 million and also that target geography is restrictive. Thus, the Advisory Board of WE! Fund recommended adjusting the Fund’s investment strategy.
The target area has been extended to all regions of Senegal with a focus on the regions of Thiès and Louga as initially planned. The minimum investment ticket has been revised down from CFAF 200 million to CFAF 100 million. Besides, the Board recommended allocating 30 million CFA to technical assistance to support early stage development of new projects. These decisions were enacted on June, 5th at the second meeting of the board. WE! Fund is keen to welcoming new projects, kindly send your applications at firstname.lastname@example.org.