Investisseurs & Partenaires is a private equity investor exclusively dedicated to small and medium-sized companies in Sub-Saharan Africa. Our mission is to foster champions of African entrepreneurship and demonstrate the strong potential of impact investing to address development challenges in Africa.

Investing and bringing support

Investisseurs & Partenaires responds to the investment and support needs of African start-ups and small businesses with strong economic and societal potential. These companies are currently hindered in their expansion by two major obstacles: the lack of long-term financing and a need for strategic and managerial support. Microfinance institutions and traditional investors often lack the appropriate financing tools to support these companies.

 

I&P invests as a minority shareholder and becomes an active partner of the company. The team brings its strategic expertise and network to best support the development of its partner companies and maximize, throughout the investment cycle, their economic, financial, environmental, social and governance (ESG) impacts.

After a period of 5 to 7 years, I&P's mission is continued through the exit process, which should enable the company to enter a new phase of growth. To date, I&P has carried out about thirty exits, either on the entrepreneur or on a third party (investor, African or international industrial group).

  SMEs: key actors for sustainable growth in Africa

Developing a network of formal SMEs and start-ups is key to ensuring sustainable and inclusive growth in sub-Saharan Africa:

These companies create stable and decent jobs for skilled and unskilled workers

Improve access to essential goods and services in domestic markets

Build and structure the fabric of African economies by working mostly with local suppliers

Contribute to political stabilisation and social redistribution.

 

In Africa, we observe a significant lack of formal SMEs, mainly explained by the difficulties to find adequate financing and skills. This SME gap is called the “missing middle".

Acting for Impact

I&P supports initiatives with a strong social impact on the real economy, mainly in poor and fragile countries on the African continent, and partners with responsible companies that promote inclusive growth and have a strong potential for impact on their local stakeholders: employees, customers, suppliers and distributors, the State…

 

Promoting the emergence of a new generation of African entrepreneurs is at the heart of I&P's impact mandate.

Beyond this core mission, our impact strategy is based on four key pillars: employment, local populations, climate and gender.

ENTREPRENEURS

Promote the emergence of a new generation of African entrepreneurs,

especially in fragile and least developed countries

80% of portfolio companies managed by African entrepreneurs

EMPLOYMENT

Creating decent jobs and training opportunities
 
 
8000 jobs created or maintained
 
90% of employees receive
health insurance

LOCAL COMMUNITIES

Meeting unmet local demand for essential goods and services
 
 
90% of companies address local needs

CLIMATE

Promoting sustainable growth and developing innovative energy solutions
 
43% of companies implement green projects

GENDER

Promoting gender equality at all levels: leadership, governance, employees
 
20% of companies managed by women

  Zoom: I&P's contribution to UN Sustainable Development Goals

Adopted by the United Nations in September 2015, the Sustainable Development Goals (SDGs) broaden the challenges of poverty eradication and integrate a wide range of interconnected objectives into the economic, social and environmental dimensions of sustainable development.

I&P refers to the framework established by the SDGs to assess its impacts and contribution to key development issues in Sub-Saharan Africa.

Our Impact methodology

I&P has implemented a rigorous methodology to measure and monitor the impacts of its partner companies.

Our Impact reports

■ 360° Impact Studies

Once a year, I&P conducts in-depth impact studies on one or several companies, based on field research. The studies focus on the social and economic impacts of the companies.

Publication

Impact Assessment of Formal Employment in Madagascar
Author:
I&P, FERDI
Language:
French, English
Country:
Madagascar
Impact Assessment of Formal Employment in Senegal
Author:
I&P, FERDI
Language:
French, English
Country:
Senegal
ITGStore
Author:
I&P, FERDI
Language:
French, English
Country:
Cameroon
Sector of activity:
ICT
Siatol
Author:
I&P, Ferdi, ImProve
Language:
French, English
Country:
Burkina Faso
Sector of activity:
Agro-Industry
ACEP Madagascar
Author:
I&P, Planète d'Entrepreneurs
Language:
French
Country:
Madagascar
Sector of activity:
Microfinance
Nutri'Zaza
Language:
French
Country:
Madagascar
Sector of activity:
Child Nutrition
Funds:
IPDEV1
ACEP Cameroun
Author:
I&P, Planète d'Entrepreneurs
Language:
French
Country:
Cameroon
Sector of activity:
Microfinance
Biotropical
Author:
I&P, Planète d'Entrepreneurs
Language:
French
Country:
Cameroon
Sector of activity:
Agro-Industry

Advocacy

I&P has adopted a proactive advocacy policy to promote the recognition of SMEs as vectors of change and the implementation of appropriate financing solutions in Africa.

 

Our objectives

Stimulating entrepreneurial spirit in Africa and promote a new generation of men and women entrepreneurs on the continent

Fostering the growth of private equity in Africa, a relevant financing solution for SMEs

Mobilizing financial resources and contributing to the development of impact investing in Africa and the world

OUR PUBLICATIONS

I&P regularly publishes studies and reports addressing concrete issues related to its expertise: impact investing, SME mentoring, private equity....

Publication

Fifteen years, fifteen lessons from Africa
Author:
I&P
Language:
French, English
An original document that reviews the main lessons learned from 15 years of investing in start-ups and small and medium-sized enterprises in Sub-Saharan Africa.
IPDEV, a pioneering initiative to promote African SMEs
Author:
I&P
Language:
English
A short document reviewing the successes, challenges and main lessons learned from I&P's first impact fund: Investisseur & Partenaire pour le Développement (IPDEV).
Investing in Africa's Development
Author:
I&P, FERDI
Language:
French, English
A study demonstrating how impact investment is an effective and innovative response to the continent's development challenges, based on an in-depth sector-by-sector analysis.
Toolkit "Investing in Africa's SGBs"
Author:
I&P, INSEAD, ANDE
Language:
French, English
A practical guide designed to foster the development of private equity in Africa and encourage the creation of investment teams on the continent

ARTICLES & BLOG

The team of I&P regularly shares its experience and best practices in the areas of impact investing and African entrepreneurship with specialized media and blogs.

There is no such thing as impact, but only proof of impact
Author:
J.-M. Severino, E.Debled, E. Nocquet, C. Bourrin
Language:
French, English
Three things we have learned about investing in African small businesses and in fragile countries
Author:
J.-M. Severino
Language:
English
Source:
OECD
Acting sustainably to promote African small business
Author:
J.-M. Severino
Language:
French, English
Source:
Revue Secteur Privé & Développement
Boosting CSR in African SMEs
Author:
Elodie Nocquet
Language:
French, English
Source:
Revue Secteur Privé & Développement
Development Partners, One More Push for Greater Impact!
Author:
J.-M. Severino, P. Baraton
Language:
English
Source:
FERDI
Africa’s Big Boom
Author:
J.-M. Severino, E. Debled
Language:
French, English
Source:
Project Syndicate

In November 2018, I&P launched the blog "Enterprising Africa", a unique platform for African entrepreneurs to express and share their ideas. The blog gathers research articles, experience sharing and field testimonies on African businesses.

 

BOOKS

Ouvrages

Entreprenante Afrique
Author:
J.-M. Severino, J. Hajdenberg
Language:
French
Editor:
Odile Jacob
Africa's Moment
Author:
J.-M. Severino, O. Ray
Language:
French, English
Editor:
Odile Jacob

VIDEOS

Focus: the project Small is Powerful

As an analytical and visual project, Small is Powerful gathers impact studies and on-site reportages. The project focuses on the entrepreneurs and office life, but also assesses the impacts these enterprises have on their environment and their stakeholders (job creation, infrastructure, improvement of living conditions…)

Before each reportage, there is extensive preparatory work with the SMEs, filling in an impact assessment matrix specifically drawn up by the project team and based on EU recommendations in the domain. The study questions the impacts of the company on its ecosystem (employees, clients, suppliers, local communities…). The contents of the matrix constitute a check-list which then guides the visual production (photo and video) during a 10-day reportage on-site.

English