Senegal : Teranga Capital raises $3.3M to boost high-impact SMEs in West Africa

On May 17, 2025, Teranga Capital secured a $3.3 million funding round (2 billion FCFA), backed by FONSIS, I&P, the Challenge Fund for Youth Employment, and new investors. The capital will finance up to $1.6M per SME and expand operations in Gambia, Mauritania, Guinea-Bissau, and Cape Verde to foster inclusive and sustainable growth.