Soafiary

Sector of activity: Agro-Industry
Status: En cours d'investissement
Associed fund: I&P Expansion, IPAE 2
Entrepreneur: Malala Rabenoro
Employees: 200
Country: Madagascar
A propos:

 

Founded in 2006 by the Malagasy promoter Malala Rabenoro, SOAFIARY is specialized in the sourcing, processing and commercialization of cereals (maize, rice) and leguminous plants (beans, cape peas, lentils, soybeans) on local and international markets. The company employs nearly 200 people, including 88% women.

 

Backed by a good reputation in this sector, the company begins to diversify its activities in 2017. SOAFIARY has set up a feed mill unit and has also launched the SOADIO project, a contract farming project run in collaboration with the diocese of the Vakinankaratra region, located in the highlands of Madagascar. The company trains the farmers and provides them with the agricultural equipment and inputs needed to operate the 4,100 hectares of land owned by the Diocese, and then buys the entire production. This project is a response to the challenges of traceability and product quality.

 

THE ENTREPRENEUR

The company was founded by Malala Rabenoro. With a background in marketing, Malala previously worked for an Microfinance Institution (MFI) where she gained more than 15 years of experience in administrative and personnel management. She left her position in 2011 to dedicate herself fully to SOAFIARY, where she manages the marketing, procurement and investor relations aspects of the business.

 

 

PARTNERSHIP WITH I&P

Soafiary is supported by the fund I&P Afrique Entrepreneurs 2 (IPAE 2). The partnership aims to:

⇒ Reviving the company's historical activity

⇒ Improving the quality management system

⇒ Supporting the company in the certification and standardization process (HACCP and Bio)

⇒ Developing the feed mill unit

⇒ Developing the SOADIO project

⇒ Strengthening corporate governance, Participating in management capacity building

⇒ Advising and supporting the company in its relations with investors and strategic third parties

Translated with www.DeepL.com/Translator (free version)

 

 

EXPECTED IMPACTS

⇒ Promoting a committed female promoter

⇒ Creating jobs for a disadvantaged population with low education levels

⇒ Providing support to employees on literacy and hygiene-related issues

⇒ Supporting farmers through the SOADIO project

  • Inclusion of small producers in the value chain
  • Improving the living conditions of small producers

 

 

In portfolio since: 2020
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New Crystal

Sector of activity: Health
Status: En cours d'investissement
Associed fund: IPAE 2
Entrepreneur: Dr. Wisdom Amegbletor
Employees: 400
Country: Ghana
A propos:

 

New Crystal Health Services (NCHS) is Ghana’s leading private health care group dedicated to the urban poor. From its modest beginnings in a four-bedroom facility in 2003, New Crystal now serves an average of 300,000 customers per year through a chain of six networked clinics, a diagnostic services company and a pharmaceutical wholesale and retail company. NCHS provides general consulting services in health care, surgery, optics, dental care and other diversified health services.

 

THE ENTREPRENEUR

Dr. Wisdom Amegbletor is a medical doctor and an entrepreneur. After completing University of Ghana Medical School in 1999, he completed his mandatory housemanship and then decided to work at Greenshield Clinic in Sefwi-Wiawso, a rural town in the Western region of Ghana. During his Greenshield experience, the founder of the clinic entrusted Dr. Wisdom with overall management responsibility, which helped him to later birth the idea of New Crystal in 2003. He holds an MBA from the University of Ghana Business School in Entrepreneurial Management. Dr. Wisdom has been the primary driver of New Crystal’s growth to date.

 

PARTNERSHIP WITH I&P

I&P’s investment in New Crystal aims to:

• Upgrade the infrastructure of the New Crystal network of clinics to enable the continued provision of affordable, more quality health care to underserved communities

• Strenghten governance practices and organizational structure to support the sustainability of the business

 

EXPECTED IMPACT

• Access to affordable and quality health care

• Provision of free health care to all the staff of the clinics

• Financing of certifications and regular training of the staff

• Improved waste management methods

• Possibility of supplying solar energy to clinics

 

 

 

In portfolio since: 2020
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Rensource

Sector of activity: Energy
Status: En cours d'investissement
Associed fund: IPAE 2
Entrepreneur: Ademola Adesina
Country: Nigeria
A propos:

 

Rensource is a distributed energy services company that delivers power and value-added services to SME clusters in Nigeria through ring-fenced, solar powered micro-utilities. In 2018, the company launched its first micro-utility project with financial backing from Paris-based NEoT Capital through its NEoT Offgrid Africa investment platform. The project is located at the Sabon Gari Market in Kano State and today provides clean, affordable and reliable energy to over 4,000 merchants, with an additional 8,000 set to go live by Q3 2019.

 

Rensource is Nigeria’s fastest growing provider of off-grid power. Over the next two years, the company seeks to rollout 11 additional micro-utility projects that have already been contracted and partially developed in some cases.

 

THE ENTREPRENEUR

Ademola “Demmy” Adesina is a Nigerian entrepreneur with over 12 years’ experience across Africa, USA and Europe. He has focused on building or turning around early and growth stage enterprises for much of his career.

Ademola has led business development and corporate strategy for Aquifer, a London based investment company (Sainsbury Family Office). He joined Aquifer from the Rockefeller Foundation in New York, where he was a founding member of the Innovation for Development & Impact Investing initiatives that birthed the Global Impact Investing Network (GIIN). Demmy began his career as an investment banker with JP Morgan.

 

PARTNERSHIP WITH I&P

I&P’s investment in Rensource aims to:

• Support the full deployment of additional micro-utilities to potentially reach over 200,000 end users in Nigeria by 2022

 

EXPECTED IMPACT

• Significant contribution to solving power crisis in Nigeria

 

 

In portfolio since: 2020
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Website
https://www.rensource.energy/

CoinAfrique

Sector of activity: Distribution
Status: En cours d'investissement
Associed fund: IPAE 2
Entrepreneur: Mathias Papet, Eric Genêtre
Country: Pan-African
A propos:

CoinAfrique is a 100% mobile community platform designed to buy and sell products simply.

Created in 2015, CoinAfrique aims to become the leader in online ads between individuals in French-speaking Africa. To date, CoinAfrique has over 500,000 downloads and more than 100,000 active users.

 

THE ENTREPRENEURS

Matthias Papet is the founder and President of CoinAfrique. An expert in new technologies and e-commerce, he managed many sites in the field of mail order, beauty and travel, before working at Google France as Head of Travel.

 

Eric Genêtre is the Managing Director of CoinAfrique, in charge of the administrative and financial aspects of the company. During his career, he has managed major projects in the fields of construction, real estate and concessions, in France and abroad. In particular, he worked as Managing Director of Vinci Concession's subsidiary in Slovakia.

 

PARTNERSHIP WITH I&P

I&P is committed to working with CoinAfrique to:

  • Strengthen local sales teams

 

MAIN IMPACTS

  • A technical project with a strong growth potential
  • An African development team interested in the company's capital
  • Creation of local employment opportunities in several French-speaking African countries

 

 

In portfolio since: 2018
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Procréa

Sector of activity: Health
Status: En cours d'investissement
Associed fund: IPAE 2
Entrepreneur: Myriam Kadio-Morokro BROU
Employees: 46
Country: Ivory Coast
A propos:

 

The medical-surgical clinic PROCREA, based in Abidjan, began operating in 2008. It specializes in the field of reproductive health and is the leader in Côte d’Ivoire in Assisted Reproductive Health Care (AMP), a technique that treats people with infertility issues and helps them to achieve parenthood.

PROCRÉA also provides mother-child care, including obstetrical gynecology, neonatology (newborn care), and pediatrics.

 

The vision of PROCREA's promoters is to popularize the practice of MAP in order to make it accessible to a greater number of people. The clinic aims to become one of the leaders in the sector in Côte d'Ivoire and West Africa, complying with the requirements and standards of the international medical sector. In ten years of activity, the clinic has already accompanied more than 500 couples.

 

THE ENTREPRENEUR

PROCRÉA was created in 2006 under the initiative of Dr. Myriam Kadio-Morokro Brou, principal promoter, and Professor Marie-Laure Hauhouot Attoumgbré, co-promoter, both of whom are recognized experts in Côte d'Ivoire in the fields of biology and reproductive sciences. Later they were joined by 3 other renowned health professionals in Côte d'Ivoire.

After obtaining her bachelor's degree in France, Dr. Kadio-Morokro Brou joined the Faculty of Medicine in Abidjan where she graduated in 2001 and did a thesis on reproductive biology. Passionate about the subject, she then returned to France to complete her studies in reproductive biology, sterility therapy, molecular cytogenetics and male sterility. During her stay in France she worked in several hospitals, hospitals and laboratories.

Back in Côte d'Ivoire in 2005, she suggested to her friend Prof Attoumgbré to join her in the PROCREA clinic project, which they founded in 2006. PROCREA’s activities officially started in 2008.

 

► To know more, discover the interview of Dr. Kadio-Morokro Brou

 

 

PARTNERSHIP WITH I&P 

I&P committed alongside with PROCRÉA to:

• Restructure the project to focus on the medical offer dedicated to reproduction

• Financing and supporting the construction of a new, larger clinic, better adapted to PROCRÉA's needs and designed in an environmentally friendly way (treatment of medical waste, rainwater recovery, reduction in energy consumption, etc.)

• Support the management team in the running of the clinic

 

EXPECTED IMPACTS

• Make reproductive health care available to the greatest number of people

• Improve the quality of care

• Increase the clinic's capacity

 

 

In portfolio since: 2018
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African Management Institute

Sector of activity: Education & Training
Status: En cours d'investissement
Associed fund: IPAE 2
Entrepreneur: Jonathan Cook, Rebecca Harrison
Country: Kenya
A propos:

 

Launched in 2014, The African Management Institute (AMI) provides formalized training to empower managers and entrepreneurs.

AMI has developed over 45 practical business modules – including over 2,000 tools – with Africa’s leading business schools and global experts on adult learning. AMI’s training strategy and programs are based on a blended offer of both online material and in-person workshops with experts in their field.

Through its programmes, AMI aims to reach 20,000 people in 11 African countries.

 

THE ENTREPRENEURS

AMI was co-founded by Jonathan Cook and Rebecca Harrison.

Jonathan Cook is the current Chairman of AMI. He has over 25 year-experience in management education, facilitation, coaching and consulting. Prior to founding AMI, Jonathan spent almost 10 years at GIBS, one of Africa’s leading Business Schools, where he served at various times as a senior lecturer, the Director of Executive Education, Academic Director, Executive Director and finally Director of the Business School until December 2013.

Before that, he spent 14 years as a faculty member at Wits Business School, where he founded the Management Development Unit and later became Director of Academic Programmes. He also spent 10 years with the National Institute for Personnel Research in Johannesburg. Jonathan continues to teach part time at GIBS in the areas of leadership and personal development, and is chief consultant of Thornhill Associates, where he advises companies in developing and implementing leadership development processes using customised 360-degree questionnaires.

 

Rebecca Harrison is the current CEO of AMI and has led the team since inception. Previously, Rebecca spent 9 years as a foreign correspondent and manager for Reuters News Agency, where she led business coverage in Africa and reported on politics, markets and development from 13 countries in Africa, Europe and the Middle East. Rebecca completed her MBA in Entrepreneurship at South Africa’s Gordon Institute of Business Science, where she was awarded a Kellogg Foundation grant to conduct research into innovation in low-income markets. She is passionate about democratising skills development and supporting entrepreneurship in Africa through practical and affordable learning tools.

 

PARTNERSHIP WITH I&P

I&P committed alongside with AMI to:

• Help AMI further its reach in existing and new markets

 

EXPECTED IMPACTS

• Bringing quality education to middle management of African companies

• Delivering employability training programs and formation to entrepreneurship to the youth, women and a larger number of small-scale entrepreneurs

 

 

In portfolio since: 2018
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Afribon

Sector of activity: Agro-Industry
Status: En cours d'investissement
Associed fund: IPAE 2
Entrepreneur: Julien GIUGE et Anne MERIENNE
Employees: 35
Country: Pan-African
A propos:

 

AFRIBON, launched in 2012, is specialized in the creation and marketing of food flavours. The group has five production sites in total: four in East Africa (Kenya, Uganda, Rwanda, Tanzania) and one in Cameroon.

AFRIBON is currently the only company to produce locally and offer a tailor-made service to its customers, including notably manufacturers of beverages, biscuits and dairy products.

 

ENTREPRENEURS

AFRIBON was created and is managed by two entrepreneurs :

Julien GIUGE  is the co-founder and Managing Director of AFRIBON. He graduated from ESSEC and worked for nine years in China, where he was for three years the manager of the Chinese subsidiary of the AROMATECH Group, a French group specialising in the production of flavours and fragrances. 

Anne MERIENNE is the co-founder and Director of the Kenyan sector. A graduate of ESCP, she has worked in China and the United Arab Emirates for the Beaumanoir group and the Accor group on management control and business development positions.

Based in Kenya, Anne and Julien have lived in several African countries over the past five years (Kenya, Uganda, Rwanda).

 

PARTNERSHIP WITH I&P

I&P is committed alongside Afribon to :

•Ÿ Develop the activities of the group in the current countries of operation

Ÿ•Ÿ Finance a new production line  

Ÿ •Ÿ Strengthen the group's structure on cross-cutting activities

Ÿ •Ÿ Support the group's development in new countries

 

EXPECTED IMPACTS

Ÿ•Ÿ Creation of many skilled jobs

Ÿ•Ÿ Creating opportunities for young teams composed mainly of women

Ÿ•Ÿ A service that reduces a major bottleneck in the food industry

•Ÿ Develop the skills of local teams

Ÿ•Ÿ Substitution to imports

 

 

In portfolio since: 2018
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