In this 43rd edition of our newsletter:
⇒ Focus : In partnership with the Catalytic Capital Consortium, we are pleased to present our new report: "Using Catalytic Capital to Foster African Entrepreneurs in Underserved Markets”.
In this 43rd edition of our newsletter:
⇒ Focus : In partnership with the Catalytic Capital Consortium, we are pleased to present our new report: "Using Catalytic Capital to Foster African Entrepreneurs in Underserved Markets”.
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.
From June 14 to 17, I&P and The African Club of Entrepreneurs hold the 9th edition of the Entrepreneurs’ seminar. This 3-day training session dedicated to digital gathered about sixty African entrepreneurs operating in a dozen sub-Saharan African countries.
An eventful second quarter for I&P and its partner funds! In this edition of our newsletter, you will find :
⇒ Focus on: the 9th Annual Entrepreneurs' Seminar, which brought together 60 African entrepreneurs;
The Newsletter n°41 is available ! Contents:
⇒ Cross Interview with Maïmouna Baillet, Director of Sinergi, and Kim Kamarebe, Director of Inua Capital.
⇒ Meeting with Samy Chalier and Ando Randriamalalaharison of HERi Madagascar
⇒ A look back at the latest news from I&P's portfolio
⇒ Successful fundraising for Miarakap and Comoe Capital and more.
Created in 2012, and supported by I&P since last year through the I&P Afrique Entrepreneurs 2 (IPAE2) fund, HERi Madagascar is a company that specializes in the distribution and financing of solar energy solutions in rural areas of Madagascar.
As part of a research project funded by the Catalytic Capital Consortium (C3), I&P is analyzing its investment portfolio of more than 250 African small and medium-sized enterprises to identify how, when, and why to use catalytic capital, and how to evaluate the social and financial outcomes of these investments.
Selected for the ImpactAssets 50 ranking, I&P is pleased to join once again this year's "Emeritus Manager" category, which includes impact funds that have achieved IA 50 recognition for at least 5 years and have consistently demonstrated their commitment to generating positive impact.
I&P is positioning itself alongside other "Emeritus Managers" in 2023, such as ACCION International, Bamboo Capital Partners, Calvert Impact Capital, Capria Ventures, LeapFrog Investments and Root Capital.
So Fresh is Nigeria’s pioneer and market leader in the healthy food Quick Service Restaurant space (serving notably salads, juices, smoothies, sandwiches, parfaits, etc.).
The company was founded in 2010, initially selling whole fruits and vegetables, and later evolved in 2013 with the introduction of healthy meals.
Today, So Fresh operates 15 outlets in Nigeria (Lagos and Abuja), and also offers delivery services to selected communities, through its website and social media channels.
So Fresh was co-founded by Olagoke Balogun ("Goke") and Abimbola Balogun.
Olagoke Balogun is the CEO of So Fresh. He has accumulated a wealth of experience spanning some 20 years across several industries and functions including food & beverage, oil & gas, marketing, sales, production and operations. He is also a graduate of the Stanford SEED program.
Abimbola Balogun studied law and was called to the Nigerian bar in November 2006. She had a 5-year stint as a legal practitioner and now 10 years as an entrepreneur. She is a Human Resource professional, and an associate member of the Chartered Institute of Personnel Management (CIPM). She is a Goldman Sachs Scholar and has a Certificate in Entrepreneurial Management.
The partnership between SoFresh and I&P, through its fund I&P Afrique Entrepreneurs 2, aims to:
• Support with further expansion across Nigeria
• Enhance the ESG impact profile of the business
• Strengthen senior management
• Expand product offerings by introducing prepackaged meals sold through 3rd party vendors
•Support with marketing and brand management
• Providing decent direct employment opportunities, especially for women, with each new outlet opened
• Sourcing over 90% of inputs from local suppliers
• Reinforcing the company’ ESG strategy, and notably providing health insurance, transport allowance and housing allowance for all staff
• Providing Nigerians with healthy, quality and fresh meals
Voltacars Rental Services (VRS), a full service car rental company operating in Ghana, Côte d'Ivoire and Senegal, has secured a new round of financing from Investisseurs & Partenaires (I&P) and Adiwale Partners.