Investisseurs & Partenaires (I&P) is a pioneering impact investment group entirely dedicated to financing and supporting small and medium-sized enterprises (SMEs) and start-ups in Sub-Saharan Africa.

 

Who are we?

Since its creation in 2002, Investisseurs & Partenaires (I&P) is dedicated to promoting sustainable and profitable small and medium sized African companies with high local added value. I&P has developed different approaches combining financing and support to serve this mission and meet the needs of African SMEs, according to their maturity, size and financing requirements.

 

I&P was launched by Patrice Hoppenot, co-founder of BC Partners and a Private Equity expert. In 2011, Patrice Hoppenot hands over the reins of the business to Jean-Michel Severino, previously Managing Director of Agence Française de Développement (2001-2010) and World Bank Vice President for Asia (1996-2000).

 

The team currently comprises around 80 people, based in Paris, Washington D.C. and in seven African offices (Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Madagascar, Niger and Senegal).

 

100% of our profits go back into the personal and professional development of the staff, who are all trained in house, and into the recruitment and training of additional staff as the business grows in order to fulfill our mission.

Key Figures

18

YEARS OF EXPERIENCE

80

TEAM MEMBERS

OFFICES

€200

MILLION RAISED

Our story

  1. The Beginnings

    Patrice Hoppenot, the former co-founder of BC Partners, started a venture capital initiative dedicated to African entrepreneurs. His idea was to use his skills and experience in private equity to support a greater cause: the economic development of Sub-Saharan Africa.

    I&P Développement (IPDEV), a fund with €2m of registered capital, was launched thanks to Patrice and its fellows. In the same year, Patrice hired the first investment officer of I&P, Sébastien Boyé.

    In 2003, I&P made its first investments in African-based Small and Medium Enterprises (SMEs): CAMED, the third pharmaceutic distributor in Mali and the only actor selling generic drugs and LEGENI, the first private laboratory for geothermic and environmental studies in Niger.

  2. A Learning Experience

    In 2006 I&P realized its second increase in capital and for the first time opened up its capital to Development Financial Institutions (in other words to Official Development Assistance). This growth of capital was key to ensure the sustainability of the project and to validate its economic model. The European Investment Bank and Proparco (the private branch of the French Development Agency) both invested €3m in IPDEV.

    Looking at it now, the emergence of I&P was the symbol of a deeper shift in development aid: the rise of the private sector in the funding and dispatching of Official Development Assistance.

    In 2007, five years after its creation, I&P’s portfolio included a dozen of SMEs and Microfinance institutions, in Cameroon, Mali, Niger, and Senegal. There were 3 full-time investment officers: Sébastien Boyé, Jérémy Hajdenberg, and Pierre Carpentier.

  3. New Leadership and Scaling Up

    In 2011, Patrice Hoppenot retires and hands over the reins of the business to Jean-Michel Severino, former Executive Director of the French Development Agency (2001-2010). This transition boosted a strategic shift already underway at I&P: the group had to adapt the models of its impact funds to the size of the investment tickets.

    To efficiently reach start-ups and very small enterprises I&P developed IPDEV2, an innovative program consisting in incubating and sponsoring 10 African-based impact funds in 10 countries. These impact funds would be managed by African teams and mostly capitalized by African investors. They aim to locally develop a strong base of entrepreneurs by supporting start-ups and young enterprises showing a substantial growth potential and whose financial needs will lie between €30k and €300k.

    Read more on the program IPDEV2

     

    In parallel I&P launched a pan-African fund, I&P Afrique Entrepreneurs (IPAE), provided with €54m and targeting higher investment tickers to support SMEs and entrepreneurial projects that would be more mature.

    Read more on IPAE

  4. Consolidation and Deployment of Local Teams

    With the launch of IPAE, I&P opened its first African-based offices in order to facilitate the business development and the day-to-day collaboration with portfolio companies. I&P inaugurated new local offices in Ghana, Cameroon, Senegal, and Madagascar (2012), in Côte d’Ivoire (2014) and in Burkina Faso (2015).

    In October 2015, I&P realized the first closing of IPDEV2. The sponsored local funds started their activity. In addition to Sinergi Niger that was operational since 2006, Sinergi Burkina and Teranga Capital (in Senegal) were inaugurated and could work with small and very small enterprises via an adapted financial support. Sinergi and Teranga made their first investment operations, respectively with Siatol and OuiCarry.

     

      Explore:

    First closing of the I&P Développement Fund 2 (IPDEV 2)

    • Inauguration of Sinergi Burkina (2015) and Teranga Capital (2016)

  5. 15 years of commitment to support entrepreneurship in Africa

    Building on its 15-year experience in financing and supporting African entrepreneurs, Investisseurs & Partenaires (I&P) is developing a consulting activity, I&P Conseil, aiming to improve the business environment and develop the entrepreneurial ecosystem in Africa.

      Read more on &P Conseil

     

    In 2017, I&P hopes to reach a new milestone with the launch of the fund I&P Afrique Entrepreneurs 2  (IPAE 2) and the second closing of IPDEV 2 will help the fund to successfully attain the amount of €20m and to complete the entire investment program: 10 impact funds in 10 different countries during 10 years and eventually supporting 500 SMEs and creating 15,000 jobs over the period.

    This way I&P supports its goal to create local financing capacities, to promote entrepreneurship and local talents in Africa, and to actively contribute to the realization of the Sustainable Development Goals across the continent.

      Read more on I&P Afrique Entrepreneurs 2's first close

Vision & Values

Vision

We believe that Africa’s economic development will be achieved through the construction of an efficient and responsible private sector made up of business creators, entrepreneurs and SMEs rooted in Africa who can offer access to essential local goods and services to all, and show concern for environmental, social and governance issues at all levels of decision-making.

 

Mission

Contribute to sustainable development and social stability on the African continent by financing and advising entrepreneurs, project initiators, and African SMEs to help them thrive and achieve economic, social and environmental success.

 

Ambition

Over the next ten years, we aim to help develop at least 600 projects and create at least 20,000 direct jobs, as well as demonstrate the viability and replicability of our model and champion the cause of African entrepreneurs around the world.

Values

ENTREPRENEURIAL SPIRIT

Innovation and pragmatism are at the heart of our approach, to support the growth of the partner companies and to manage day-to-day projects.

COMMITMENT TO DEVELOPMENT

I&P devotes particular attention to project leaders and their societal vision

INTEGRITY

An indispensable value in building trust with investors, as well as with entrepreneurs and communities.

COMMITMENT TO EXCELLENCE

This value is a factor of the success of our projects and is reflected in the rigorous management and economic efficiency of our investments.

Our Code of Ethics
I&P's Carbon Footprinting Strategy

In alignment with its ESG strategy, I&P is committed to calculate and reduce its environment footprint. The carbon neutrality of our offices and transportation is a key objective. To this purpose we compensate for emissions we cannot reduce through the financing of carbon projects. Indirect emissions from plane travels account for 99% of our total carbon footprint: travelling remains at the core of our activity despite the set-up of local offices in Africa to reduce long distance journeys.

 

Compensation strategy (2015-2016)

Our Ecosystem

Our certifications & commitments

In 2017 I&P joined the community of certified B Corp™ companies, an independent label gathering mission-driven businesses globally. Certified B Corps meet the highest standards of social and environmental performance, transparency and accountability.

Read more

 

I&P is signatory to the six Principles for Responsible Investment, a voluntary and aspirational set of investment principles that offer a menu of possible actions for incorporating ESG issues into investment practice.

Read more

 

I&P is signatory to the Montréal Carbon pledge, launched in 2014. I&P commits to measure and publicly disclose the carbon footprint of their investment portfolios on an annual basis.

Read more

I&P is a member of:

The Malagsy Association of Private Equity Investors (AMIC) aims to federate and represent all private equity operators in Madagascar.

The Aspen Network of Development Entrepreneurs (ANDE) is a global network of organizations that propel entrepreneurship in emerging markets.

EMPEA

EMPEA is the global industry association for private capital in emerging markets.

EVPA is a membership association made up of organisations interested in or practicing venture philanthropy and social investment across Europe.

France Invest brings together all the private equity structures in France. I&P takes part to the impact investing committee of France Invest.

GIIN

The GIIN is the largest global gathering of impact investors. This nonprofit organization dedicated to increasing the scale and effectiveness of impact investing.

Team

Abdoulaye Diallo

Principal

Abdoulaye Diallo

Principal

Abdoulaye Diallo is a Principal at Comoé Capital.

Aboubacar Sanou

Analyst

Aboubacar Sanou

Analyst

Aboubacar is an analyst at Sinergi Burkina.

Adama Fofana

Investment Officer

Adama Fofana

Investment Officer

Adama joined the team of Comoé Capital in 2018 as an investment officer.

Aïcha Savadogo

Investment Officer

Aïcha Savadogo

Investment Officer

Investment Officer at Sinergi Burkina since May 2016

Alexis Thirouin

Financial Officer

Alexis Thirouin

Financial Officer

Alexis is Financial Manager of the fund I&P Développement since 2012

Baafour Otu-Boateng

Senior Investment Manager

Baafour Otu-Boateng

Senior Investment Manager

Based in Accra, Baafour is in charge of I&P’s portfolio in Ghana.

Brigitte Abbé

Analyst

Brigitte Abbé

Analyst

Brigitte Abbé is anlyst for the Ivoirian impact fund Comoé Capital since January 2018.

Cécile Carlier

Executive Director I&P Conseil

Cécile Carlier

Executive Director I&P Conseil

Clémence Bourrin

PR & Communication Officer

Clémence Bourrin

PR & Communication Officer

Clémence joins the team in 2015 and works on I&P’s communication and advocacy campaigns.

David Munnich

Executive Director I&P Acceleration and Development

David Munnich

Executive Director I&P Acceleration and Development

David joined I&P in 2009. He is the Executive Director of I&P Acceleration and I&P Development.

Davy Soubeiga

Investment Manager

Davy Soubeiga

Investment Manager

Davy Soubeiga works as Investment Manager at Sinergi Burkina since 2018

Djibo Ibrahima

Managing Director of Sinergi Niger

Djibo Ibrahima

Managing Director of Sinergi Niger

Djibo manages Sinergi Niger since 2006, an impact fund supporting Nigerian SMEs.

Domoina Rambeloarison

IP2E Access Fund Program Director

Domoina Rambeloarison

IP2E Access Fund Program Director

Domoina joined I&P in 2020 as Program Director for the I&P Education to Employment Access Fund Program.

Dyane Tchagag

Office Manager

Dyane Tchagag

Office Manager

Dyane Tchagag  joined Comoé Capital in November 2017 as Office Manager.

Elena Haba

Seed Manager of Comoé Capital

Elena Haba

Seed Manager of Comoé Capital

Elena Haba joined Comoé Capital in 2019 as Seed Manager of the I&P Acceleration program in the Sahel in Ivory Coast

Emilie Debled

Executive Director - Strategic Development

Emilie Debled

Executive Director - Strategic Development

Emilie joined the team in 2012 and in charge of I&P’s communication, advocacy, partnerships and fundraising.

Emmanuel Cotsoyannis

Managing Director of Miarakap

Emmanuel Cotsoyannis

Managing Director of Miarakap

Emmanuel Cotsoyannis is the founder and Managing Director of Miarakap, an investment fund based in Madagascar sponsored by I&P.

Era Andriambololona

Investment Officer

Era Andriambololona

Investment Officer

Based in Madagascar, Era joined the investment team of the fund I&P Afrique Entrepreneurs in 2019.

Eric Ravohitrarivo

Investment Officer

Eric Ravohitrarivo

Investment Officer

Eric Ravohitrarivo is an Investment Officer at Miarakap since February 2019. 

Fatou Diop

Investment Officer

Fatou Diop

Investment Officer

Investment Officer at Teranga Capital

Fatoumata Cissé

PhD candidate / ESG & Impact Research Officer

Fatoumata Cissé

PhD candidate / ESG & Impact Research Officer

Fatoumata Cissé is a PhD Candidate and Research Officer on ESG and impact issues.

Fiona Randriamampionona

Financial Officer

Fiona Randriamampionona

Financial Officer

Based in Madagascar, Fiona Randriamampionona joined I&P in September 2018 as Administrative and Financial Manager.

Francis Owusu

Investment Manager

Francis Owusu

Investment Manager

Francis joined the team in 2018 as an Investment Officer in the Accra office, and is focused on the IPAE 1 and IPAE 2 activities in Ghana and Nigeria.

...

Germaine Nagalo

Administrative Assistant and Accountant

Germaine Nagalo

Administrative Assistant and Accountant

Germaine joined Sinergi Burkina in September 2014 as Administrative Assistant and Accountant.

Granh Daniel Djama

Investment Officer

Granh Daniel Djama

Investment Officer

Granh Daniel has joined Comoé Capital in 2019 as Investment Officer.

Herinantenaina Rabemanantsoa

Investment Officer

Herinantenaina Rabemanantsoa

Investment Officer

Herinantenaina Rabemanantsoa est chargée d’investissement chez Miarakap, fonds d’impact sponsorisé par I&P dédié aux PME et aux start-up malgaches.

...

Hugues Vincent-Genod

Investment Manager

Hugues Vincent-Genod

Investment Manager

Hugues joined I&P in 2011 and works on IPDEV2.

Idrissa Wone

Investment Officer

Idrissa Wone

Investment Officer

Idrissa joined the team in 2019 as an Investment Officer in the Dakar office.

Isabelle Colin

Human Ressources and Administration Director

Isabelle Colin

Human Ressources and Administration Director

Isabelle Colin joined I&P in February 2006 and is mainly in charge of human resources for Paris and local offices

Issa Sidibé

Managing Director of Comoé Capital

Issa Sidibé

Managing Director of Comoé Capital

Issa Sidibé joins the team in 2017 as CEO of Comoé Capital, an impact fund based in Côte d’Ivoire and sponsored by I&P

Jean-Michel Severino

CEO

Jean-Michel Severino is the CEO of I&P since 2011. He is a former Vice-President for Asia at the World Bank and a former Chief Executive Officer of the French Development Agency (AFD).

...

Jérémy Hajdenberg

Chief Investment Officer

Jérémy Hajdenberg

Chief Investment Officer

Jérémy is in charge of the SMEs and MFIs portfolio in Senegal, Benin, Mali, Uganda and Eastern Africa

Jessica Miessi

Analyst

Jessica Miessi

Analyst

Jessica joined the Comoé Capital team as an analyst in 2019. Jessica is working on the seed financing of the I&P Acceleration program in the Sahel.

Job Zongo

Managing Director of Sinergi Burkina

Job Zongo

Managing Director of Sinergi Burkina

Job Zongo joined the team of Sinergi Burkina in 2019 as Managing Director.

Kamaloudini Yaou Issoufou

Investment Officer

Kamaloudini Yaou Issoufou

Investment Officer

Kamal is investment officer at Sinergi Niger since February 2019.

Kevin Allah

Investment Officer

Kevin Allah

Investment Officer

Kevin is an investment officer at Comoé Capital.

Khadija Thouré

Investment Officer

Khadija Thouré

Investment Officer

Khadija joined Teranga Capital investment team in March 2018.

Koloina Anjatiana Ramaromandray

Investment Officer

Koloina Anjatiana Ramaromandray

Investment Officer

Koloina is Investment Officer at Miarakap.

Laetitia Latreille

Chief Financial Officer

Laetitia Latreille

Chief Financial Officer

Laetitia joined the team in 2008 as I&P’s Chief Financial Officer

Landry Parkouda

Investment Manager

Landry Parkouda

Investment Manager

Landry joined the IPAE investment team in 2018. Based in Ouagadougou, he is in charge of the portfolio in Burkina Faso, Mali and Niger.

Mamadou NDAO

Investment Manager

Mamadou NDAO

Investment Manager

Mamadou Ndao joined the team in 2015. After three years in Dakar, he joined the team dedicated to I&P Développement 2 in Paris.

Manon Calmeil

Project Manager I&P Conseil

Manon Calmeil

Project Manager I&P Conseil

Manon joins the I&P Conseil team in 2019 and works notably on acceleration programmes.

Mariama Moussa Aboubacar

Chargée d'Investissement Junior

Mariama Moussa Aboubacar

Chargée d'Investissement Junior

Mariama is junior investment officer at Sinergi Niger.

Marianne Vidal-Marin

Ecosystem Support Manager for I&P Accélération au Sahel

Marianne Vidal-Marin

Ecosystem Support Manager for I&P Accélération au Sahel

Marianne Vidal-Marin joins I&P Conseil in 2020 as Head of Ecosystem Support for the I&P Accélération au Sahel programme.

Mathilde Jacquemin

Social & Inclusive Business Camp Programme Manager

Mathilde Jacquemin

Social & Inclusive Business Camp Programme Manager

Mathilde joined I&P Conseil in 2020 to coordinate the Social & Inclusive Business Camp (SIBC).

Mialy Ranaivoson

Investment Manager

Mialy Ranaivoson

Investment Manager

Based in Antananarivo, Mialy is in charge of the portfolio in Madagascar and in the Comoros since 2012.

Miora Maminjoary

Monitoring agent of IPAE's portfolio

Miora Maminjoary

Monitoring agent of IPAE's portfolio

Miora is in charge of monitoring the IPAE portfolio in Antanarivo.

Mohamed Ngom

Investment Officer

Mohamed Ngom

Investment Officer

Mohamed joined the team of Teranga Capital in 2018.

Morgane Awu

I&P Acceleration in Sahel Communication Officer

Morgane Awu

I&P Acceleration in Sahel Communication Officer

Morgane Awu works as I&P Acceleration in Sahel Communication Officer.

Néné Diallo

Seed Manager of the I&P Education and Employment Program

Néné Diallo

Seed Manager of the I&P Education and Employment Program

Néné joined the team in January 2020 as IPAS Seed Manager of the I&P Education and Employment Program

Nouss Bih

Investment Manager

Nouss Bih

Investment Manager

Nouss joins the team in 2016. Based in Abidjan, she is in charge of I&P portfolio in Ivory Coast.

Olivier Furdelle

Managing Director of Teranga Capital

Olivier Furdelle

Managing Director of Teranga Capital

Olivier Furdelle is the co-founder and Managing Director of Teranga Capital, an impact fund dedicated to small enterprises in Senegal.

Oty Kévin Aie

Investment Officer

Oty Kévin Aie

Investment Officer

Kevin joined I&P in 2019 as an Investment Officer for IPAE 1 & 2 in Côte d'Ivoire.

Pascaline Mouzou

Administrative Assistant

Pascaline Mouzou

Administrative Assistant

Pascaline joined the team in July 2016 and works on Administrative and Human Resources issues

Raphaël Dumont

Investment Manager

Raphaël Dumont

Investment Manager

Raphaël joins I&P in 2016. After spending 3 years in Cameroon, he joined the program I&P Development 2.

Rasmey Chhun

Investment Officer

Rasmey Chhun

Investment Officer

Rasmey Chhun is a junior investment officer at Comoé Capital since 2019.

Samuel Monteiro

ESG & Impact Manager

Samuel Monteiro

ESG & Impact Manager

Samuel joins the team in 2016 as a PhD candidate and Research Officer on ESG and impact issues. 

Sandrine Pfister

Impact Studies Manager for the I&P Acceleration in the Sahel Program

Sandrine Pfister

Impact Studies Manager for the I&P Acceleration in the Sahel Program

Sandrine Pfister joins the I&P family in 2020 as Impact Studies Manager for the I&P Acceleration in the Sahel Program.

Sébastien Boyé

Chief Investment Officer

Sébastien Boyé

Chief Investment Officer

Sebastien joined I&P in 2002 and oversees the portfolio in Ghana, Côte d'Ivoire and in the Sahel region.

Shino Grivel

Financial Officer

Shino Grivel

Financial Officer

Shino joined I&P’s finance department as Finance Manager to look after IPAE 1 and IPAE 2’s portfolios.

Sidy Niang

Investment Manager

Sidy Niang

Investment Manager

After a few years in Ouagadougou, Sidy is now based in Dakar and in charge of IPAE portfolio in Senegal.

Sophie Ménager

Director of I&P Acceleration in the Sahel and Coordinator of I&P Entrepreneurs and Development

Sophie Ménager

Director of I&P Acceleration in the Sahel and Coordinator of I&P Entrepreneurs and Development

Sophie joined I&P in 2014 and is now head of I&P Entrepreneurs et Développement, the association that carries I&P's acceleration projects.

...

Thierry Etienne Abraham

Junior Investment Officer

Thierry Etienne Abraham

Junior Investment Officer

Thierry is junior investment officer at Sinergi Niger.

Timothée OUOBA

Initiation Manager of the I&P Acceleration in the Sahel Program in Burkina Faso

Timothée OUOBA

Initiation Manager of the I&P Acceleration in the Sahel Program in Burkina Faso

Timothée OUOBA joined the team in 2020 as the Initiation Manager of the I&P Acceleration in the Sahel Program in Burkina Faso.

Tom Dilly

Project Officer - Education

Tom Dilly

Project Officer - Education

Tom works as Education Project Officer since October 2018, as part of the International Volunteer Program of the Government of Monaco.

Vivian Tchatchueng

Investment Manager

Vivian Tchatchueng

Investment Manager

Based in Douala, Vivian is in charge of I&P's portfolio in Cameroon and Central Africa.

Weil Rodelys

Technical Assistance and Impact Project Officer

Weil Rodelys

Technical Assistance and Impact Project Officer

Based in Madagascar, Weil joined the I&P Finance team in 2018.

Yacine Simporé

Investment Officer

Yacine Simporé

Investment Officer

Yacine joined I&P in 2018 as Investment Officer in the I&P Développement 2 project.

Advisors

Annie Ferton

Advisor

Annie Ferton

Advisor

Advises I&P since 2008, member of the board of Directors of IPAE fund

Bruno Caire

Advisor

Bruno Caire

Advisor

Bruno started working for I&P in 2007. Since then, he has carried out numerous missions with investment managers, visiting companies before and after the I&P investment.

...

Christian Lepage

Christian has been working with I&P since 2010. He regularly advises the portfolio companies.

Christine Descamps

Advisor

Christine joined I&P in 2015 and brings her expertise in branding and marketing to the companies of I&P's portfolio.

Daniel Poisson

Advisor

Daniel Poisson

Advisor

Elodie Nocquet

Consultant on ESG & Impact issues

Elodie Nocquet

Consultant on ESG & Impact issues

 

Hervé Schricke

Advisor

Hervé Schricke

Advisor

President of Club Afrique - AFIC

Olivier Lafourcade

Chairman of the Board IPDEV

Olivier Lafourcade

Chairman of the Board IPDEV

Member of I&P Développement Board and Investment Committee since 2004

Pierre Ewenczyk

Advisor

Pierre Ewenczyk

Advisor

Pierre supports I&P on macroeconomic issues in Sub-Saharan Africa.

Stéphane Gompertz

Advisor

Joined the team of I&P’s advisors in 2016 to bring his support and expertise on diplomatic and security issues.

English