Barajii

Sector of activity: Agro-Industry
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Durabilis
Employees: 283
Country: Pan-African
A propos:

Barajii produces and commercializes water and locally produced fruit juices (Bissap, mango, ginger, etc.) packed in bio-degradable bags and PET bottles.

Production currently takes place in Burkina Faso, with a main factory based in Ouagadougou and a small production unit in Bobo Dioulasso. Part of the production is exported to Mali. The company has produced more than 130 million liters of beverage in 2015.

 

Barajii aims to develop its production and distribution activities in 8 to 10 countries over the next 5 years. the group has already launched with success a subsidiary in February 2016.

 

THE ENTREPRENEUR

Barajii is part of the group Durabilis. Founded in 2003, Durabilis is an international impact investing company specialized in the agro-industry sector with headquarters in Ghent, Belgium. Through the concept of shared value, Durabilis is committed to providing local and export markets with sustainable quality products, optimizing supply chains and improving the lives of employees. Since its creation, Durabilis has achieved notable successes in the production and export of fair trade products (Fair Fruit in Ethiopia, Guatemala, and Burkina Faso; Stévia One in Peru, Terral’s rice production in Senegal…).

Barajii Group is managed by Peter Willaert. Based in Ethiopia since early 2016 to manage the launch of the subsidiary in the country, he previously successfully managed the Burkinabe organization. Before 2010, he worked for the Dutch NGO SNV in Ouagadougou, where he was responsible for the West African region.

 

The group Barajii currently holds two subsidiaries: one in Burkina Faso (Société Burkinabè des Filières Alimentaires – SBFA) and one in Togo (Société Togolaise des Filières Alimentaires – STFA)

The Burkinabe branch is led by Abasse Kane, a Senegalese businessman with more than 15 years of experience in the agro-industrial sector. The Togolese branch is headed by Charles Netchenawoe, a Togolese citizen graduated from Ecole des Mines of Nancy.

 

 

PARTNERSHIP WITH I&P

I&P committed alongside with Barajii to:

• Finance the launch and development of the group in 8 to 10 African countries

• Support the group in its geographical expansion

• Reinforce and expand Barajii’s environmental and social strategy

 

IMPACTS 

The company has adopted a strong social and environmental policy, which is developed on several areas: support to local producers, job creation, environmental responsibility… As a result:

  • More than 600 jobs have been created, including about 300 full-time jobs. The minimum wage is 67% superior to the legal minimum wage in Burkina Faso, and all the employees benefit from an inexpensive health insurance
  • Barajii buys the fruits to local producers, providing them with additional income and opportunities. The group also provides them with training and agricultural inputs.
  • Good quality and accessible products, including for people at the bottom of the pyramid
  • Use of biodegradable packaging which disintegrated in 6 months on contact with air and sun. The company has contributed to the new Burkinabe law forbidding the use of non-degradable bags and packaging in Burkina Faso
  • The factories use solar panels and require little energy

 

In portfolio since: 2016
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Enko Education

Sector of activity: Education & Training
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Cyrille Nkontchou, Eric Pignot
Employees: 50
Country: Pan-African
A propos:

Enko Education is a fast-growing network of African international schools, increasing access to the world’s best universities for learners across Africa, with a strong emphasis on Francophone countries.

Enko Education offers a renowned and high quality education accessible to the upper middle class in Sub Saharan Africa, with a strategy to constantly broaden its audience through an ambitious grants program.

 

Enko is building its network by partnering with high-potential existing schools to rolls out a 3-year high school program, awarding the worldly renowned International Baccalaureate (IB) diploma. The IB curriculum puts an emphasis on students’ personal development and group work. It is highly recognized by international universities.

Enko helps successful private schools to grow and improve learning conditions by bringing alongside funding, better management practices and new education tools.

 

Enko programs are already implemented in Cameroun, South Africa, Mozambique and Côte d’Ivoire.

 

 

THE ENTREPRENEURS

 

Cyrille Nkontchou, Founder and Chairman

Cyrille Nkontchou is the founder and managing partner of Enko Capital Management LLP, an Africa-focused asset management firm with offices in South Africa and Great Britain. He is also the founder and executive chairman of the pan-African investment bank LiquidAfrica Holdings Limited. He started his career as a consultant with Accenture in France, and worked as a banker with Merrill Lynch in London. He holds a BA in Economics from Sciences Po Paris and an MBA from Harvard Business School. Cyrille was nominated as Young Global Leader 2006 by the World Economic Forum.

 

Eric Pignot, Co-founder and Chief Operating Officer

Before EEI, Eric worked at BearingPoint, a management consulting firm. As an Engagement Manager, he helped his customers to improve their performance and scale. Eric is French, holds an MBA degree from the MIT Sloan School of Management, where he focused his MBA experience on understanding how digital technologies will transform education in Sub-Saharan Africa.

 

 

PARTNERSHIP WITH I&P 

I&P committed alongside with Enko to:

  • Fund its Pan-African growth
  • Participate to its governance
  • Support its strategy to reach out to the lower middle class through grant programs.

 

IMPACT OBJECTIVES

  • Develop a network of 30 schools, with more than  10,000 students over 5 years
  • Access to international universities
  • Dozens of teachers trained to international standards

 

 

In portfolio since: 2016
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Africa Radio

Sector of activity: Culture
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Dominique Guihot
Country: Pan-African
A propos:

Africa Radio aims to launch a pan-African independent radio based on the African continent.

Africa Radio will broadcast news, sports and cultural programs, as well as dedicated music programs to highlight the richness and diversity of African music.

 

The project relies on the experience of Africa N°1, a pan-African radio created in 1981. Africa N°1 Paris, primarily aimed at the African diaspora, reaches about 980 000 listeners.

 

THE ENTREPRENEUR

Dominique Guihot worked as a radio journalist for France Inter, RFI and RMC and is the CEO of Africa Media SA. He manages Africa N°1 Paris for fifteen years.

Dominique Guihot is the founder and manager of Africa Média SA, a communication company specialized in Franco-African projects. He also works as treasurer and administrator of the SIRTI, the Union of Independent Radios and Televisions. He is member of the African Press Organization’s international committee.

Dominique has demonstrated a great interest for Africa and the African media over the course of his career. With the project Africa Radio, he intends to pursue the work accomplished with Africa N°1 and launch a true African radio, based on the continent and mostly composed of African journalists.

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EXPECTED IMPACTS  

• Reinforce the domestic market

• Favor the freedom of information in Francophone Sub-Saharan Africa

 

 

In portfolio since: 2016
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Latest News

Africa Radio gets a frequency in Abidjan (June 2018)

Tincy Boulangerie

Sector of activity: Agro-Industry
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Gatien Adjagboni
Employees: 96
Country: Benin
A propos:

Tincy is an industrial bakery created in 2009 in Cotonou. Tincy produces and distributes bread to consumers through a shop, a network of 24 kiosks, more than 50 shopkeepers and professionals from hostelry and restauration sectors.

The bakery is launched in 2009. Initially conceived as a simple marketing exercise, the project proved to be a real success. In 2010, the turnover of the bakery exceeded the one of the consulting firm. Gatien Adjaboni is deeply involved in this new activity and has notably launched the National Association of Bakers of Benin, which gathers a dozen of professionals and represents to this day the only union in the sector.

 

The Entrepreneur

The company was founded by Gatien Adjagboni, a young Beninese entrepreneur who graduated from a French business school. He started his career at the Brtitish America. In 2006, he launched a consulting firm, named Tincy. The firm is still operational and employs about 10 people.

 

Partnership with I&P

I&P committed alongside Tincy to:

• Double the production capacity of the company

• Improve the quality and the management of the production and the distribution

• Diversify the products by starting making pastries

 

Impacts

• Increased availability of bread thanks to a dense network of distribution

• Structuring of the sector

 

In portfolio since: 2015
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SCRIMAD

Sector of activity: Agro-Industry
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Simon Rakotondrahova
Employees: 74
Country: Madagascar
A propos:

Founded in 1993 and managed by Simon Rakotondrahova, SCRIMAD specializes in the collect and export of litchi production, among other fruits and spices (vanilla, black pepper, cinnamon, etc.).

SCRIMAD is certified "Fair Trade" and notably works with ETHIQUABLE, a french co-op specialized in organic agriculture and fair trade. The partnership with I&P aims to help the company diversify its activities and ensure stable income to the partner farmer organisations.

 

The entrepreneur

Founder and manager of SCRIMAD, Simon Rakotondrahova has notably chaired the Madagascar Chamber of Commerce and Industry and “Gelmada”, a gathering of Litichi exporters in Madagascar.

 

Partnership with I&P

I&P committed alongside Scrimad to:

• Settle a production unit specialized in the production of fruit puree and frozen fruits

• Take energy efficiency measures in this new production unit

• Train the producers so that they meet the requirements established by BIO-GLOBALCAP and ETHIQUABLE

• Strengthen the capacities of the operational management team

 

In portfolio since: 2015
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PEG Africa

Sector of activity: Energy
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Hugh Whalan et Nate Heller
Employees: 179
Country: Ghana
A propos:

PEG Africa is a young company which aims to bring off-grid solar energy access to rural and peri-urban communities in West Africa by providing pay-as-you-go (PAYG) solar home systems to rural and remote customers. The company has started its activities in Ghana.

 

The model of the company is based on the combination of technical, distribution, and financial innovations:

  • Technical innovation: the product itself is a small solar kit allowing the client to light a few bulbs, recharge a phone, and listen to the radio. It is connected with the PEG management information system through mobile technology allowing the company to monitor remotely a number of items.  
  • Distribution: the company is setting distribution points with dedicated sales teams around the country.
  • Financial innovation: this is probably the most important innovation. The client is paying its solar system as he uses it through mobile money payment of a few Euros per month. If he doesn’t pay and recharge credit, the system is blocked and not usable by the client. After one year of payments, the client owns the product.

PEG has secured a licensing partnership with M-KOPA, the leading company in PAYG solar technology in Africa. M-KOPA has successfully deployed its products and methodology to more than 200,000 households in East Africa.

 

The entrepreneurs

Hugh Whalan, the CEO, has focused on energy and financing in West Africa for the last 6 years. He started the first crowd-funding site for energy, and a fast growing solar distribution company in Ghana, which he sold to a NY-based investor. Prior to his work in Africa, he was the director of business development for the largest US based carbon project developer.

Nate Heller, the Chief Operating Officer, has over 13 years of experience in international development, including stints with the UN, the Peace Corps, and multiple social enterprises. He spent 6 of those years building innovative distribution channels for poor consumers in West Africa.

 

Partnership with I&P

I&P committed alongside PEG to:

• Finance and support the company’s expansion drive in Ghana and the sub-region

• Help structure the business in its early stages and institute appropriate corporate governance

• Facilitate debt and grant capital fundraising for the company to meet its target objectives

 

Expected Impact

• Connect over 500,000 remote and rural households in West Africa to solar power within 5 years

• Create significant financial inclusion by making off-grid households into a knowable and attractive customer proposition

• Reduce carbon emissions by replacing traditional kerosene use with a cleaner source of power

• Grow local employment by partnering with large local sales teams to drive growth over multiple regions

 

In portfolio since: 2015
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Eden Tree

Sector of activity: Agriculture
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Catherine Krobo-Edusei
Employees: 69
Country: Ghana
A propos:

For over 15 years, Eden Tree Limited has been the leading independent provider of fresh fruits, vegetables and herbs in Ghana.

The company buys fresh produce, cleans, packs and distributes it to retail, wholesale, and catering clients. Eden Tree currently supplies a variety of over 80 vegetables and fruits from over 375 outgrower farming families. 

 

The Entrepreneur

Catherine Krobo Edusei started Eden Tree in 1997 on her return to Ghana from the UK, where she worked as an administrator in a bank for 7 years. She has since demonstrated a strong passion and track record for growing the enterprise and engaging external funding and capacity-building to support business expansion. She is nationally recognized in Ghana as a strong promoter of women in business and received the 2013 national award from the Chartered Institute of Marketing in Ghana for “outstanding contribution towards nation-building”. 

 

Partnership with I&P

I&P committed alongside Eden Tree to:

• Increase the company's total sales volume and profitability 

• Grow and diversify its set of customers and channel partners 

• Increase reliability, cost-competitiveness and quality raw material supply 

 

Expected Impacts

• Increase its output from 1 to 4 tons per day to supply underserved markets 

• Directly impacting the lives of 2,000 family members in rural communities 

• Contribute to food safety and quality

• Respond to increasing incidence of agro-chemical abuse by farmers 

• Ensure that smallholders undertake their activities safely and sustainably 

 

In portfolio since: 2015
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ENVAL Laboratoire

Sector of activity: Equipment & Maintenance
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Bakary Coulibaly
Employees: 31
Country: Ivory Coast
A propos:

ENVAL LABORATOIRE, based in Ivory Coast, is one of the most important laboratory of physico-chemical and microbiological analyses in West Africa.

 

Officially founded in 2012, ENVAL LABORATOIRE is specialized in microbiological and physico-chemical tests and analyses. The company has recently expanded its activities and conducts soil, foliar and oil analyses, as well as noise-measuring and air quality analyses.

ENVAL aims to expand its activities to the mining sector in new site located in Yamoussoukro and wishes to reinforce its capacity regarding physico-chemical analyses.

 

The Entrepreneur

Bakary Coulibaly has over 20 years of experience in chemical analysis and company management. He conducted several studies in Ivory-Coast and the sub-region for local entities and multinational companies such as TOTAL, CIPREL and PISA-IMPEX. Bakary has created Enval Laboratoire with 3 Ivorian associates.

 

Partnership with I&P

I&P is committed alongside ENVAL to:

• Reinforce the microbiological and physico-chemical activity of the company

• Expand is activities to mining analyses by supporting the launch of a new laboratory dedicated to this activity

• Cover the regional market for mining analyses

• Expand the activities to soil and foliar analyses, as well as pesticide analyses

 

Expected Impact

• Contribute to support an emerging mining sector in the region

• Reinforce the environmental policy of the company

• Create more than 30 skilled jobs

 

In portfolio since: 2015
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Indian Ocean Trepang (IOT)

Sector of activity: Agriculture
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Jaco Chan Kit Waye and Olivier Méraud
Employees: 152
Country: Madagascar
A propos:

Indian Ocean Trepang (IOT) is a Malagasy company specialized in the breeding and export of sea cucumbers. Local fishermen are associated with its activities, allowing them to generate additional income. The company actively contributes to preserving marine wildlife & fighting against overfishing.

 

IOT breeds sea cucumbers in the South of Madagascar. This specie’s reproduction remains scarcely human-engineered because of a high mortality rate during the early life stages. IOT’s growing technique was developed by a team of Malagasy scientists, being the only company in Madagascar to control the process. Sufficiently mature, larvae are ceased to neighboring fishermen who raise them to maturity before re-selling them to IOT to be dried, packed and exported.

This specie does not require any additional food but the natural waste found in the sand. Thus, their breeding does not have any other incident on their natural environment apart from clearing the water.

 

Indian Ocean Trepang is one of the company featured by the project Small is Powerful

 

The Team

Jaco Chan Kit Waye is Manager of Copefrito SA and Chairman of the Seafood Export Companies Association. In 1995 he founded Copefrito which exports squids and calamari to Europe.

Olivier Méraud works since 2004 with Copefrito as an operational officer. He has been a Merchant Navy captain and worked in fishing and seafood business for 12 years. He created Madagascar Seafood in 2005, a crab, squid and lobster export company.

 

Partnership with I&P

I&P committed alongside with IOT

• To help the company improve its GIS

• To finance the farm site construction

 

Impacts

• 152 jobs created or maintained over 6 years, including 77 permanent positions and 11 as technicians or managers

• Pilot project in the sea cucumbers breeding with good prospects to be reproduced

• Steady revenue-generating activity for the local fishermen and neighboring villages

• Awareness raised on the wild specie over-exploitation and repopulation of the natural stocks

 

In portfolio since: 2012
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En portefeuille depuis
2012

NEST

Sector of activity: Health
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Khadidiatou Nakoulima
Employees: 32
Country: Senegal
A propos:

Nest is a medical network settled in Senegal, offering a complete monitoring of woman and young child.

Founded in 2012, NEST provides a complete monitoring of woman and children thanks to a pediatric and maternity hospital. NEST offers high-quality health services at reasonable price, primarily aimed at middle classes. Accessible 24/24 and 7/7, NEST puts a particular emphasis seeing and listening to patients, and allows young women of child-breeding age to be followed until the birth, and a follow-up of their children until they are 15 years old.

This model, inspired from the Indian private chain of maternity hospitals Lifespring Hospital, is particularly relevant in Senegal, where local medical offer is shared between expensive private clinics and public infrastructures suffering from a lack of technical means and standards. NEST embodies a gap-filling role within this market.

 

NEST is one of the companies featured by the project Small is Powerful

 

The Entrepreneur

Khadidiatou Nakoulima grew up in Senegal and graduated from Mines de Paris in 2009. Several members of her family working in the medical field, Khady is deeply aware of the health issues in Senegal. She founded NEST in 2012 with the help of her father, Alassane, her brother Ousseynou and Dr. Adboulaye DIOP, gynaecologist. Khadidiatou currently manages the company. She aims at establishing a health network dedicated to woman and children in West Africa for low and middle-income populations.

 

Partnership with I&P

I&P is committed alongside Nest for All to:

• Provide a preliminary expertise regarding maternity and its equipment

• Finance the equipment and complete the maternity construction site

• Bring a support to the administrative and financial management teams (Management and information system, contracts with doctors…)
 

Key Impacts

• Improvement of children and pregnant women medical follow-up

• Larger health services access to the greater

• Medical waste management

 

In portfolio since: 2012
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