Senegal, a paradise for start-ups in West Africa?

Boubacar Diallo

Senegal multiplies incubators and investment funds to enable start-ups to develop. Objective: to reach 35,000 direct jobs in the field of new technologies by 2025.

In recent years, small businesses are multiplying in the country of Teranga. In French-speaking Africa, Dakar is today an eldorado for start-ups. Good Internet connection, incubators, workspaces in team … In the Senegalese capital, everything is done so that they develop.

Funds specialized in financing start-ups were born in Senegal to meet the demand of entrepreneurs. This is the case of the investment fund Teranga Capital.

Olivier Furdelle, co-founder of the fund, explains: “Banks are traditionally reluctant because the company they face is often informal and does not have the guarantees necessary to obtain financing. Our model is different. We invest in capital. That is, we take risks by associating ourselves with the promoter. Then we roll up our sleeves to work with him and hope that the business thrives. ”

Teranga Capital is a fund of 4 billion CFA francs. Money collected from the Senegalese state, private individuals and banks.

A dozen incubators also accompany small entrepreneurs. Founded seven years ago, Growth of Information and Communication Technologies (ICTC) is the country’s first incubator. It provides entrepreneurs with offices with Internet access, workspaces and experts to coach them. Since its creation, it has already hosted a hundred companies, of which 85% of them still exist.

A report from Réussite, a program co-produced by Canal + and Galaxie Africa (Jeune Afrique group), aired every first Saturday of the month on Canal + in Africa and A + in France.

Jeune Afrique

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