From 2007 to 2012, donor funding for SME-related projects was on the rise in Francophone West Africa, primarily driven by funding for Côte d’Ivoire, Burkina Faso, and Senegal. However, Anglophone West Africa saw increases in levels of funding every year from 2012 to 2016 while funding for Francophone West Africa went up and down, with funding levels the roughly the same in 2016 as they were in 2012.
As a percentage of total donor funding in West Africa, funding for SME-related projects never surpassed one percent. Smaller countries like Benin and Togo reached as much as 3 percent but averaged 1.1 percent and 1.2 percent over the past decade.
- West Africa
- Anglophone West Africa
- Francophone West Africa
- Burkina Faso
- Cote d'Ivoire
In 2016, the top three supporters of SME-related projects were Global Affairs Canada (GAC), the Department for International Development (DFID), and the U.S. Agency for International Development (USAID) who contributed a combined US $78 million, representing 72 percent of SME-related funding in the region.
GAC contributed nearly a fifth of its global SME-related disbursements to the region, with a third of that funding targeting Anglophone West Africa, and two-thirds going toward the Francophone part of the region. DFID and USAID contributed more SME-related disbursements toward the Anglophone part of the region, particularly toward their respective countries’ former colonies.