Country: Mali
Sector of activity: Construction
Status: Exit
Associed fund: IPDEV1
Entrepreneur: Malick SY et Aïcha SY
Employees: 21
In portfolio since: 2005 (exit in 2013)
CAROTECH Mali est une société de production de carreaux et pavés à base de ciment basée à Bamako.

CAROTECH Mali produces cement-based cover and pavement tiles in Bamako. The process, unique in Mali, does not use any oven, which is a great asset in a country where power is very expensive. CAROTECH Mali project is supported by a particularly buoyant market, driven by the very significant and rapid urban growth in the major cities of the country, especially in Bamako.

 

THE ENTREPRENEURS

Malick Sy, is a doctor of pharmacy and created CAMED, a leading pharmaceutical distributor of which I&P has long been a shareholder. He partnered with I&P to create CAROTECH Mali, adopting the technology used by a Nigerian company.

The company is headed since its inception by Aisha Sy, Malick’s wife. Aisha has a degree in management science and previously worked in the microfinance sector. Her rigorous management, her acute business sense and her natural authority allowed her to lead a successful development of the company.

 

PARTNERSHIP WITH I&P

Beyond financial investment, I&P is committed alongside CAROTECH Mali:

• Bringing technology franchised by International Carotech

• By strengthening its structures through several technical assistance missions

• By providing the company with a strong management information system (GIS)

 

MAIN IMPACTS

• 21 direct jobs were created between 2007 and 2011.

• Contribution to the development of local industry as a substitute for imported products

• Energy efficient technology