I&P releases its Annual Impact Report

 

I&P is thrilled to announce the release of its Annual Impact Report for the year 2023.

The report offers a comprehensive overview of I&P's activities, achievements, and impact throughout the year, showcasing the growth and transformational changes spurred by the organization's commitment to entrepreneurship in Africa.

The anual impact report notably covers an overall look at I&P's activities and a detailed review of our impact, following our 6 impact pillars

 

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Unlocking Catalytic Capital for African SMEs: discover our new report

 

In a new report entitled “Using Catalytic Capital to Foster African Entrepreneurs in Underserved Markets,” published in partnership with the Catalytic Capital Consortium, I&P showcases the effectiveness of catalytic capital in supporting African SMEs, offering recommendations to expand its use.

 

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ParCsmart

Sector of activity: Digital, Tech
Status: Financement d'amorçage
Entrepreneur: Gabriela Marin, Lamine Ba
Country: Senegal
A propos:

ParCsmart is a Senegalese company that offers its customers physical and technological parking solutions. This SME has built a parking lot with a capacity of 300 spaces in the heart of the city of Dakar. The site is equipped with two smart barriers connected to the entrance. Thanks to the software, an account manager monitors movements and issues receipts. He is assisted by a security guard whose role is to direct motorists. ParCsmart also has a platform that offers a parking management interface for parking professionals and any other institution with dedicated parking spaces. The platform integrates an interface dedicated to the end users, customers of the operators.

The entrepreneurs

ParCsmart was founded in 2018 by Maria Gabriela MARIN and Lamine BA, specialists in digital project management with over 40 years of experience.

Partnership with I&P and Teranga Capital

ParCsmart is supported by I&P Acceleration Technologies, a €2.5 million program aimed at financing and supporting fifteen digital start-ups in Sub-Saharan Africa, supported by AFD through the Digital Africa initiative. In Senegal, Teranga Capital is in charge of implementing this program.

This partnership will allow this start-up to : 

  • Hire technical and commercial staff
  • Strengthen its equipment and physical materials for parking management to build connected barriers
  • Acquire computer equipment
In portfolio since: 2022

Innovex

Sector of activity: Digital, Tech, Energy
Status: Financement d'amorçage
Entrepreneur: Douglas K. Baguma, David Tusuubira
Country: Uganda
A propos:

Innovex is a Ugandan company that has developed a smart meter coupled with an IoT solution that bridges the gap between solar energy providers/distributors and their last mile customers by giving the ability to remotely monitor, manage and turn on/off installed solar systems. This solution can be deployed in a variety of solar energy systems such as home systems, water pumps, cold chain storage and transportation systems, etc.

 

The entrepreneurs

Innovex was founded in 2015 by Douglas Baguma and David Tusubira with the purpose of creating technology equipment and solutions that remotely monitor the use and performance of off-grid solar energy.

Douglas K. Baguma has over six years of experience in the renewable energy industry and worked as a solar energy consultant on projects for the World Bank and the Center for Energy Conservation Research (CREEC) before establishing Innovex.

David Tusubira has accumulated extensive experience in several engineering fields, e.g., Internet of Things (IoT), automation, hardware, software development as Principal Investigator at iLabs@MAK at Makerere University (a Design, Art & Technology engineering college), where he conducted research projects and taught robotics (programming and basic electronics).

 

Partnership with I&P and Inua Capital

Innovex is supported by I&P Accélération Technologies, a €2.5 million program that aims to finance and support fifteen digital start-ups in Sub-Saharan Africa, supported by AFD through the Digital Africa initiative. In Uganda, Inua Capital is in charge of implementing this program.

This partnership will enable Innovex to: 

  • Scale its business model 
  • Expand its reach across Africa 
  • Diversify its product offering 

In portfolio since: 2022

I&P publishes its Annual Impact Report

 

I&P is pleased to present its Annual Impact Report, that presents the collective results of our different programs and funds.

The report presents an overview of I&P's activities and impact methodology and goes through our six impact pillars : developing Africa entrepreneurship, creating decent jobs, providing SDG-aligned goods and services, promoting women's empowerment, strengthening the local economic fabric and fostering environmentally-friendly development.

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"Manifesto for the financing and support of entrepreneurship in Africa"

 

As I&P celebrates its 20th year of activity, the team is pleased to present its "Manifesto for the financing and support of entrepreneurship in Africa.

Based on 20 years of learning, entrepreneurial adventures, successes as well as failures and challenges, this manifesto aims to share with you the five best practices or core approaches that we believe are essential if we want to accomplish our mission to serve African entrepreneurs.

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Socium.Job

Sector of activity: Digital, Tech
Status: Financement d'amorçage
Entrepreneur: Samba Lo
Country: Senegal
A propos:

Socium.Job is a Senegalese start-up that connects African companies to job seekers around the world. Based in Senegal and Côte d'Ivoire, the company operates throughout West Africa, and is set to expand into the DRC, Cameroon, Mali and Burkina Faso. The company already has nearly fifteen employees divided between the two offices, as well as prestigious clients such as Orange, EY, the Compagnie Ivoirienne d'Électricité and Philip Morris International.

The entrepreneur

Socium.Job was created in 2021 by Samba Lo, a young Senegalese entrepreneur trained in applied mathematics at the Ecole Polytechnique in Paris. Samba Lo began his professional career in the world of consulting and finance at Deloitte, Goldman Sachs, Rothschild, Axa but also within a FinTech specialized on blockchain issues. Following his experiences, he decided to specialize in the Tech sector - first as head of product of the start-up Skeat, specialized in the digitization of the ordering process for establishments (bars, restaurants, etc.), then by founding SociumJob.

Partnership with I&P and Teranga Capital

Socium.Job is supported by I&P Accélération Technologies, a €2.5 million program that aims to finance and support fifteen digital start-ups in Sub-Saharan Africa, supported by AFD through the Digital Africa initiative. In Senegal, Teranga Capital is in charge of implementing this program.

This partnership will enable Socium.Job to :

  • accelerate its deployment in French-speaking Africa
  • strengthen its market positioning and the skills of its team
In portfolio since: 2022

Afrikamart

Sector of activity: Digital, Tech
Status: Investissement en capital
Entrepreneur: Mignane et Albert Diouf
Country: Senegal
A propos:

Afrikamart is a Senegalese agritech that facilitates the pick-up, shipping, and trading of fresh fruits and vegetables between small producers and urban retailers via a digital platform.

The entrepreneurs

Afrikamart was founded in 2018 by Mignane and Albert Diouf, a young Senegalese couple, to address agricultural loss issues present throughout the production chain, from producer to retailer.

Partnership with I&P and Teranga Capital

Afrikamart is supported by I&P Acceleration Technologies, a €2.5 million program that aims to finance and support 15 digital start-ups in Sub-Saharan Africa, supported by AFD through the Digital Africa initiative. In Senegal, Teranga Capital is in charge of implementing this program.

This partnership will allow this start-up to : 

  • increase the development of Afrikamart's business model
  • promote job creation
  • Expand its network to more than 5,000 operators throughout Senegal by the end of 2022
In portfolio since: 2022

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