I&P partner companies AerialMetric (Madagascar, IPAE), Etudesk (Ivory Coast, IPAS), Concree (Senegal, Investment Readiness - I&P Conseil), Keiwa (Ivory Coast, IPAT) and Sayna (Madagascar, IPAT) were present at the 2024 edition of Viva Technology in Paris.
In this 45th edition of our newsletter:
⇒ Focus: Inua Capital (Uganda) and Zira Capital (Mali) make their first equity investments
⇒ Protrait : Meet Folly Koussawo from Trianon Homes in Gabon
And all I&P news from the first quarter of 2024.
On Thursday 18 April 2024, AerialMetric, HERi Madagascar and Ultramaille, companies in the I&P Afrique Entrepreneurs 1 and 2 portfolios in Madagascar, received the partners and investors of the IPAE funds. An opportunity for the three companies to share their stories, missions, visions and impacts.
Founded in Gabon in 2012 by Folly Koussawo with the support of Seydou Béyé, Trianon Homes is a real estate development and construction company with three core businesses: third-party construction, turnkey project design and construction, and real estate development.
We are delighted to announce that we have been selected for the ImpactAssets 50 2024 as an Impact Manager Emeritus for the second year running! The #IA50 Emeritus recognizes impact fund managers who have achieved IA 50 recognition for at least 5 years and who consistently demonstrate their commitment to generating positive impact.
We are pleased to share with you the first newsletter of this year 2024, including the latest news from I&P, its partner funds and portfolio companies:
Launched in 2017 with €92 million of assets under management, the I&P Afrique Entrepreneurs 2 (IPAE 2) fund closes its investment period with five new investments: AerialMetric in Madagascar, Lapaire Glasses (pan-African), Trianon in Gabon, Mali Shi in Mali and Win Industries in Senegal.
Founded in 2019 by Karim Ghammache, Mali Shi is Mali's first industrial shea butter processor. The company produces high-quality shea butter for the international market as a sustainable and environmentally friendly substitute for cocoa butter.
Mali Shi uses two different supply chains: in the traditional supply chain, the company buys shea from local suppliers and partners. It also buys directly from women collectors, thereby improving the incomes of rural women. Mali Shi prioritizes direct purchases from women collectors through its own network, which is the main source of supply.
The entrepreneur
A Lebanese-Malian entrepreneur, Karim Ghammache grew up in Mali, and moved to France to complete his secondary education. He pursued his studies in finance in Canada, at HEC Montréal and McGill University, before joining the family business in Mali after completing his degree.
He joined the management of two startups launched by his family: Diago Mineral Water and Omnium, and took part in their restructuring and turnaround after difficult beginnings. In 2019, he acquired Omnium Mali, turning it into one of the most technically advanced factories in Africa.
Building on this successful experience with Omnium Mali, in 2011 he launched Omnium Invest, an investment company that creates and deploys startups run by autonomous management teams. Through this structure, he steers Mali Shi.
Partnership with I&P
Mali Shi is supported by I&P through the I&P Afrique Entrepreneurs 2 (IPAE 2) fund. The funds raised will be used to :
Expected Impact
Mali Shi website : Click here
I&P is thrilled to announce the release of its Annual Impact Report for the year 2023.
The report offers a comprehensive overview of I&P's activities, achievements, and impact throughout the year, showcasing the growth and transformational changes spurred by the organization's commitment to entrepreneurship in Africa.
The anual impact report notably covers an overall look at I&P's activities and a detailed review of our impact, following our 6 impact pillars