ITG Store

Sector of activity: Service
Statut: En cours d'investissement
Associed fund: IPAE 1
Entrepreneur: Jean Gabriel Fopa & Eric Heslot
Employees: 82
Country: Cameroon
A propos:

 

ITG Store is an IT services company offering service and infrastructure integration. The company creates a strong local added value through management information systems, data storage and other services. Relying on a local team of expert engineers, ITG has earned the trust of major clients operating in the region.

 

Though the African SI market is booming, it still remains overwhelmed by foreign companies. ITG Store has easily overcome this strong competition thanks to same-level quality services at lowest prices. The company creates a strong local added value through SI management, data storage and other services. Its CEOs, computer engineers Gabriel Fopa and Eric Heslot relies on a young team they have trained within the company.

ITG is now the exclusive African computing partner of Bolloré, one of the most powerful financial and industrial French conglomerates.

 

THE ENTREPRENEURS

Gabriel Fopa and Eric Heslot were both computing engineers at the SSI company SILICOMP. In 2006, they decided to create their own SSII in Douala. The entrepreneurs financed all the equipment and software with their own capital. Then, they trained a team of engineers and technicians recruited locally. Since 2007, the company won a great number of bids and tenders, constituting a thick portfolio of big firms.

 

PARTNERSHIP WITH I&P

I&P is committed alongside ITG Store to:

• To accompany the strong growth of its activities, particularly with regard to internal infrastructures and working environment

• To bring financings addressed to the creation of a test and training center to fill the structural lack of qualified local human resources in this sector. 

• Construction of green building for the new headquarters and data center

• Ensure basic healthcare cover for employees

 

KEY IMPACTS

• Number of created jobs: 73, including 11 women and a large majority of high-skilled employees

• Development and promotion of local skills in the computing field

• Recruitment policy toward young degreed and continuous training of employees.

• Company governance structuration

 

In portfolio since: 2013
en-savoir-plus

Carrières du Moungo

Sector of activity: Construction
Statut: En cours d'investissement
Associed fund: IPAE 1
Entrepreneur: André Ngalaho & Laure Djoukam
Employees: 50
Country: Cameroon
A propos:

Created in 2005, Carrières du Moungo (CDM) is a company located in Cameroon which has developed sand quarry activities for BTP construction.

The company rapidly developed to meet a growing need for high-quality construction in Cameroon. CDM currently operates on 3 sites and has diversified its activities (crushed gravel, ready-mix concrete...).

 

 

THE ENTREPRENEUR

André Ngalaho first worked within the sport community before investing in sand quarry and gravel pit. He created CDM with the financial support from his friends.

His wife Laure Djoukam started to work full-time in the company in 2009. She manages day-to-day operations while M. Ngalaho is responsible for the business development

 

PARTNERSHIP WITH I&P

I&P is committed alongside CDM to:

• Renew the company’s equipment and improve its profitability

• Bring Technical assistance to reinforce the financial, technical and operational management of CDM and to set up an social and environmental plan 

 

IMPACTS

• 70 full time employees, out of which more than 30 high-skilled and medium skilled jobs

• Salary is twice higher than other extraction companies

• CDM satisfies a strong local demand and its production subsidies itself to importations

• A large part of CDM’s output is produced and consumed locally

• All the suppliers of the company are local

 

In portfolio since: 2013
en-savoir-plus

ACEP Cameroun

Sector of activity: Micro-finance
Statut: En cours d'investissement
Associed fund: IPDEV1
Entrepreneur: Yann Akindélé
Employees: 242
Country: Cameroon
A propos:

Acep Cameroun is a microfinance institution specialized in financing SMEs from urban areas of Douala, Yaounde and Bafoussam. Acep is now a 5 in-country MFI network.

 

PARTNERSHIP WITH I&P

I&P is committed alongside ACEP CAMEROON:

• To organize the transformation process of ACEP Cameroon to a private financial institution

• To contribute to the business plan elaboration and the round table constitution.

• To assure a regular operational monitoring

• To actively participate to the governance proceedings (audit comity and board of directors)

 

KEY IMPACTS

• Number of created jobs: 166

• Since 2005, ACEP has allowed more than 45 000 credits distributed to very small entrepreneurs (street food vendors, shoemakers, bayamselams) 

• Incomes annual growth in average since 2007: +32%

 

In portfolio since: 2005
en-savoir-plus

Genemark

Sector of activity: Health
Statut: En cours d'investissement
Associed fund: IPDEV1
Entrepreneur: Gisèle Etamé
Employees: 22
Country: Cameroon
A propos:

GENEMARK processes generic drugs (anti-infectious, anti-parasitic, anti-inflammatory …) and aims at the largest distribution scale thanks to an offer 30% to 50% cheaper than classical drugs. Genemark developers favor the production of liquid drugs (15 references over 27) in order to reduce overdose risks, particularly high in paludism treatments for children.

 

Report on Genemark (in French)

 

THE ENTREPRENEUR

Gisele Etamé decided in 2003 to launch her own pharmaceutical laboratory. As a Doctor in pharmacy, she took the opportunity to develop pharmaceutical products available for all after the Cameroonian Ministry of Health authorized the sale of generic medicine. Thanks to her strife over the last decade, Genemark is now a major label in the local pharmaceutical industry.

 

PARTNERSHIP WITH I&P

I&P is committed alongside GENEMARK:

• To enable the reference range enlargement 

• To finance the production capacity growth

• To keep a watch over the products quality   

• To supervise the deployment of a sales force

• To improve the governance

 

KEY IMPACTS

• Number of jobs created or maintained: 20

• Genemark has improved the access to health by offering medicines 30 to 50% less expensive than licensed  medicines

• Turnover annual growth on average since 2008: +14%

 

In portfolio since: 2008
en-savoir-plus

Website

Kawtal

Sector of activity: Agriculture
Statut: En cours d'investissement
Associed fund: IPDEV1
Entrepreneur: Jean-Marie Olicard, Groupe CCDI
Employees: 34
Country: Cameroon
A propos:

Kawtal is an agribusiness company based in Cameroon, specialized in corn production.

In 2009, I&P acquired 40% of SAGEX, an agribusiness company producing corn on a fully-mechanized and rationalized processing plant. In 2014, Sagex merged with Kawtal Ndmeri, a neighboring exploitation in order to double the production and start processing baby feeding flours.

Though agriculture is a key sector to Cameroon’s economy (up to 40% of the GDP), it suffers from a lack of mechanization and production rationalization which affects its profitability and production volumes. Thus, local corn farming is highly insufficient to cover the current market needs. Cameroon is every year a net corn importer, which implies high costs for local consumers because of transportation and importation costs. Kawtal intends to fill the needs of this local market with a better-mastered production and distribution chain.

Kawtal has developed a partnership with the Ministry of Agriculture, so as to enhance the agricultural potential of the region.

 

PARTNERSHIP WITH I&P

I&P committed alongside with Kawtal:

• To start the company’s activity based on mechanizing an old production site

• To finance the equipment and inputs

• To finance a 200ha increase of the exploited field

 

KEY IMPACTS

• 34 jobs created or maintained

• Participation in local food security

 

In portfolio since: 2009
en-savoir-plus

Cameroun Breuvages

Sector of activity: Agro-Industry
Statut: En cours d'investissement
Associed fund: IPDEV1
Entrepreneur: Roger Njitchoua
Employees: 17
Country: Cameroon
A propos:

Cameroun Breuvages packs and sells natural and flavored spring water under the brand Sawawa. Launched in 2004, Cameroun Breuvages took the local leadership upon the market face to 15 other competitors and hundreds of informal street sellers. In 2008, the company has produced more than 10 million water pouches while undergoing a significant increase of its production capacities. The brand still keeps one step ahead with its new flavored water, Pamparam, company’s best-seller.

 

L’ENTREPRENEUR

Roger Njitchoua was a professor and researcher in hydrology at the University of Orsay (Paris XI) settled in France since 1982. In 2001, during a trip in his native country, Cameroun, he was struck by the social and health stakes raised by the access to potable water. Thanks to his experience within the hydrology field, he gets back to France convinced that something has to be done to enable the largest distribution of high-quality water. With financial support from acquaintances, and his own savings, he starts Cameroun Breuvages in 2004, a local water distribution company selling low-cost but high-quality water pouches.

 

PARTNERSHIP WITH I&P

I&P committed alongside with Cameroun Breuvages :

• To accompany the enterprise’s debuts with a complete mentoring in strategic, financial and commercial management

• To bring the necessary financial means to sustain the growth needs

• To be part of the governance scheme through chairing at the board

• To support the launch of PamParam

 

Impacts

• Annual turnover growth in average since 2006: + 22%

• Distribution of high-quality water to the largest part of the population, including the lowest classes

• Use of recyclable sachets. 

 

In portfolio since: 2004
en-savoir-plus
En portefeuille depuis
2004

Biotropical

Sector of activity: Agriculture
Statut: En cours d'investissement
Associed fund: IPDEV1
Employees: 112
Country: Cameroon
A propos:

Biotropical is a company producing and exporting biological tropical fruits (mangoes, bananas, pineapple, papayas…) which are exported in fresh, frozen or dry toward France and other European Union countries. Biotropical is certified by Ecocert.

 

I&P Partnership

I&P is committed alongside Biotropical:

• To bring a financial support allowing the extension of plantations 

• To improve production with a new factory

• To strengthen the governance scheme by chairing the board

• To provide Biotropical with commercial inputs

• To undertake technical assistance missions in management, commercial and financial fields

 

Impacts

• 112 jobs created or kept, including 40% women

• Around a hundred of small local producers are trained and accompanied by Biotropical which transform and export their production

• Organic production enhancement in Cameroon, substitution of classical inputs by organic ones 

• Knock-on effect within the sector since 7 local producers went organic after Biotropical arrived on the market

• Environmental-friendly activity

 

In portfolio since: 2007 (sortie partielle)
en-savoir-plus

Website

Impact Study (2012), in partnership with Planète d’Entrepreneurs