Newsletter n°42: review of an eventful quarter

 

An eventful second quarter for I&P and its partner funds! In this edition of our newsletter, you will find : 

Focus on: the 9th Annual Entrepreneurs' Seminar, which brought together 60 African entrepreneurs;

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Release of the Newsletter n°41, with an interview of the first two women fund managers of the IPDEV2 network

 

The Newsletter n°41 is available ! Contents:

Cross Interview with Maïmouna Baillet, Director of Sinergi, and Kim Kamarebe, Director of Inua Capital. 

Meeting with Samy Chalier and Ando Randriamalalaharison of HERi Madagascar

A look back at the latest news from I&P's portfolio

Successful fundraising for Miarakap and Comoe Capital and more.

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I&P selected as an Emeritus Manager in the ImpactAssets-50 2023 ranking

 

Selected for the ImpactAssets 50 ranking, I&P is pleased to join once again this year's "Emeritus Manager" category, which includes impact funds that have achieved IA 50 recognition for at least 5 years and have consistently demonstrated their commitment to generating positive impact. 

I&P is positioning itself alongside other "Emeritus Managers" in 2023, such as ACCION International, Bamboo Capital Partners, Calvert Impact Capital, Capria Ventures, LeapFrog Investments and Root Capital. 

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So Fresh

Sector of activity: Agro-food
Status: Investissement en capital
Associed fund: I&P Expansion, IPAE 2
Entrepreneur: Olagoke Balogun, Abimbola Balogun
Employees: 115
Country: Nigeria
A propos:

 

So Fresh is Nigeria’s pioneer and market leader in the healthy food Quick Service Restaurant space (serving notably salads, juices, smoothies, sandwiches, parfaits, etc.).

The company was founded in 2010, initially selling whole fruits and vegetables, and later evolved in 2013 with the introduction of healthy meals.

Today, So Fresh operates 15 outlets in Nigeria (Lagos and Abuja), and also offers delivery services to selected communities, through its website and social media channels.

 

The entrepreneurs

So Fresh was co-founded by Olagoke Balogun ("Goke") and Abimbola Balogun.

Olagoke Balogun is the CEO of So Fresh. He has accumulated a wealth of experience spanning some 20 years across several industries and functions including food & beverage, oil & gas, marketing, sales, production and operations. He is also a graduate of the Stanford SEED program.

Abimbola Balogun studied law and was called to the Nigerian bar in November 2006. She had a 5-year stint as a legal practitioner and now 10 years as an entrepreneur. She is a Human Resource professional, and an associate member of the Chartered Institute of Personnel Management (CIPM). She is a Goldman Sachs Scholar and has a Certificate in Entrepreneurial Management.

 

Partnership with I&P 

The partnership between SoFresh and I&P, through its fund I&P Afrique Entrepreneurs 2, aims to:

• Support with further expansion across Nigeria

• Enhance the ESG impact profile of the business

• Strengthen senior management

• Expand product offerings by introducing prepackaged meals sold through 3rd party vendors

•Support with marketing and brand management

 

Expected Impacts

• Providing decent direct employment opportunities, especially for women, with each new outlet opened

• Sourcing over 90% of inputs from local suppliers

• Reinforcing the company’ ESG strategy, and notably providing health insurance, transport allowance and housing allowance for all staff

• Providing Nigerians with healthy, quality and fresh meals

 

 

 

In portfolio since: 2022
en-savoir-plus

Our best wishes for 2023

We are pleased to share with you the first newsletter of this year 2023, including the latest news from I&P, its partner funds and portfolio. And we'll go into a little more detail about the launch of the Mastercard Foundation Africa Growth Fund, a major initiative for our entire sector.

In this newsletter : 

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I&P publishes its Annual Impact Report

 

I&P is pleased to present its Annual Impact Report, that presents the collective results of our different programs and funds.

The report presents an overview of I&P's activities and impact methodology and goes through our six impact pillars : developing Africa entrepreneurship, creating decent jobs, providing SDG-aligned goods and services, promoting women's empowerment, strengthening the local economic fabric and fostering environmentally-friendly development.

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