I&P Acceleration in Sahel
I&P Acceleration in Sahel is an innovative program aimed at small businesses and start-ups in the Sahel and surrounding countries. The objective is to give these companies access to the financing and skills needed to foster their development, thus promoting the creation of decent and sustainable jobs in the region.
Deployed&nsp;over 4&nsp;years, the I&P Acceleration in Sahel program targets small Sahelian companies. The program gives them access to funding and habilities detrimental to their development and encourages decent job creation in the Sahel.
The program targets 13 countries in the sub-region: Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Niger, and Senegal) and seven bordering countries (Benin, Gambia, Guinea, Mali, Mauritania, Chad, and Togo).
The program in details
I&P Acceleration in Sahel is deployed around three complementary components, aimed to accelerate the development of existing, but often informal, small businesses and to improve the success of new entrepreneurial projects in West Africa.
Strengthen the capacities of financed companies and investment teams through training and expertise missions (business plan preparation, administrative and financial management, coaching...)
Supporting the ecosystem
Strengthening entrepreneurship business structures: these structures are essential to helping to combat the feeling of loneliness that young entrepreneurs may experience and to facilitate their preparation for fundraising and/or investment.
The I&P Acceleration in Sahel program targets start-ups and small businesses meeting the following criteria:
⇒ Managed by men and women of African nationality or permanently settled in Africa, dedicated full-time to their business and wishing to collaborate with a group of investors.
⇒ Operating in the formal economy (legal structure recognized and registered in one of the 13 countries of intervention) or in the process of formalization.
⇒ Committed to maximizing their impacts (social and/or environmental) through their business activities and/or improving their practices.
⇒ Particular attention is paid to projects led by vulnerable populations (young people, women, populations in disaster-stricken and/or landlocked regions), and/or companies operating in the education and professional insertion sectors.
Program portfolio companies
The sponsor: the European Union
The I&P Acceleration in the Sahel programme is funded by the European Union, and more specifically through the Emergency Trust Fund for Africa (EUTF). The EUTF was established in 2015 to develop a comprehensive approach to stability, security and resilience and to prevent irregular migration and forced displacement. EU institutions, EU Member States and other donors have so far allocated €4.6 billion to the Africa Emergency Trust Fund. With actions combining economic and social development cooperation, humanitarian aid and crisis response programmes, the EUSTF uses an integrated security-development approach, offering a comprehensive and integrated response to the needs of the people of the Sahel and Lake Chad countries.
Click here to read more on the EUTF
Click here for more information on the I&P Acceleration in Sahel program
The program is coordinated by I&P Entrepreneurs et Développement, a non-profit organization launched and managed by I&P, which aims to encourage and support entrepreneurship in sub-Saharan Africa.
I&P Acceleration in Sahel is deployed locally by I&P teams specialized in financing, coaching, education and training as well as by 4 four I&P-sponsored management companies, partners, and capital investment funds dedicated to high-potential, local, small and medium-sized companies (SMEs): Sinergi in Niger, Sinergi Burkina in Burkina Faso, Teranga Capital in Senegal, and Comoé Capital in Côte d’Ivoire.