EVPA success stories: NEST in Senegal

 

The European Venture Philanthropy Association (EVPA) launched a new website featuring a set of innovative projects supported by foundations and impact funds. The Senegalese company NEST counts among the ‘’success stories’’ selected by EVPA.

The stories showcase how these companies respond to social and environmental challenges and how those supporting them (foundations and impact funds) have supported these projects in achieving and scaling their social impact.

English

New impact study on I&P’s portfolio: ITGStore in Cameroon

 

Each year I&P conducts an in-depth impact study on one of its portfolio companies. This year’s study focuses on ITGStore, an ITC company based in Cameroon. It was conducted by I&P and FERDI (the Foundation for International Development Study and Research).

 

English

Société Malienne de Blanchisserie

Sector of activity: Service
Status: Sortie
Associed fund: IPAE 1
Entrepreneur: Boureïma Lam
Employees: 18
Country: Mali
A propos:

Société Malienne de Blanchisserie is a Malian company providing a complete laundry service to hotels in Bamako.

The company takes in charge the collect, cleaning and delivery of the hotels’ linen (ben linen, aprons, sponges, table linen, bath towels…). The company counts the biggest hotels in Bamako among its clients, including Azalaï, Radisson and El Farouk.

To this date, the company is the only professional laundry service provider in Mali.

 

THE ENTREPRENEUR

Boureïma Lam is a Malian entrepreneur. He launched the laundry Société Malienne de Blanchisserie in 2007, a few years after the launch of one of the first dry-cleaners of Bamako (Pressing Lam). This previous experience made him realize the lack of professional offer for the hotel industry.

In parallel Boureïma founded a training center dedicated to the laundry sector’s activities, as there is very little skilled labor in this sector.                 

 

PARTNERSHIP WITH I&P 

I&P committed alongside with Société Malienne de Blanchisserie to:

• Increase the capacity of laundry treatments (from 1,5 ton todays to 5 tons of laundry per day)

• Launch a new line of services for hospitals and health centers

• Implement good governance practices

• Support the company in managing the generational transmission (from the founder to his children), so as to perpetuate the structure

 

EXPECTED IMPACTS

• Formalization and structuration of the activity, with the creation of formal and permanent jobs

• Building of a new site with the best norms

 

 

In portfolio since: 2017

Carrières et Chaux du Mali

Sector of activity: Industry
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Madani Diallo
Employees: 90
Country: Mali
A propos:

 

Carrières et Chaux du Mali (CCM) is a Malian company specialized in the production and commercialization of quicklime and agricultural lime.

The company has access a high quality landform deposit of more than 70 million tons of raw material in its various forms. This supply will serve gold mining, agriculture, sanitation, and construction industries.

The quarry and the factory are based in Karaga (340 km west of Bamako in the region of Kayes). The company significantly participates to the economic growth of this area: more than 70% of the employees of the production site come from Karaga area.

The products will be offered in Mali and in the sub-region (Côte d’Ivoire, Guinea, Burkina Faso, Senegal, and Ghana).

 

Carrières et Chaux du Mali initially beneffitted from the support of Crossboundary, as part of a partnership set with the US Agency USAID. Crossboundary aims to unlock the power of private capital to impact underserved markets. The firm has broad experience providing opportunity sourcing, due diligence, transaction advisory and investment expertise in sub-Saharan Africa. Crossboundary has provided investment support and contributed to the structuration of CCM. To read more on the partnership with USAID, click here →

 

THE ENTREPRENEUR

Madani Diallo, founder and director of CCM, stands as one the pioneer actors of the gold industry in West Africa. Trained as geochemist and mineralogist, Madani has more than years of experience in the mining sector. He held executive functions in major mining companies such as BHP Billiton and Anglogold Ashanti. He led mining exploration team, leading to the discovery of several gold mines.

Madani is a member of the board of directors of several institutions (Trust Bank in Ghana, International Bank of Burkina Faso)

 

PARTNERSHIP WITH I&P

I&P committed alongside with Carrières et Chaux du Mali to:

• Support the structuration of the company

• Support CCM in obtaining ISO standards 18001 and 14001

 

IMPACTS

• Substitution to imports

• Develop a structuring industry in the country and the sub-region

• Create more than 80 formal jobs

 

In portfolio since: 2016
en-savoir-plus

Neurotech

Sector of activity: Service
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Abdoulaye Mbaye
Employees: 53
Country: Senegal
A propos:

 

Neurotech is an information and technology provider delivering solutions for Senegalese enterprises. Created in 2003, the company has become one of the major IT integrators in Senegal.

The company has progressively extended its activities to include datacenters management, communications platform, management solutions, business intelligence and high-ended services.

 

THE ENTREPRENEUR

Neurotech was created in 2003 by Adboulaye Mbaye, a computer engineer graduated from Tunisia. He has worked more than ten years for major telecommunication and technology companies, such as Orange branch in Senegal, TIGO, CBAO, or Gambia Telecom.

Abdoulaye actively contributed to the launch of the CTIC, the first ICT incubator in francophone Africa. He is deeply involved in the support and mentoring of young people proposing new projects in the ICT sector.

 

PARTNERSHIP WITH I&P 

I&P committed alongside with Neurotech to:

• Develop the activities of the company in the sub-region

• Develop the range of services offered by the company, to include Cloud-based solutions

 

IMPACTS 

Neurotech is involved in the network ‘’CSR Senegal” (RSE Sénégal) and is active on various social issues including education, environment, and the promotion of human capital.

Thanks to this partnership, Neurotech set up a thorough CSR policy to support sustainable projects while keeping the focus on education issues and the promotion of new talents.

 

In portfolio since: 2016
en-savoir-plus

Ultramaillle

Sector of activity: Textile
Status: Sortie
Associed fund: IPAE 1
Entrepreneur: Frederic Wybo
Employees: 900
Country: Madagascar
A propos:

 

Created in 1998, Ultramaille is a textile factory specialized in mid- and high-end fashion knit wear.

The factory produces on average 400 000 sweaters per year. Its customers include brands such as Sandro, Ekyog, Woolworth, Armor Lux…

 

THE ENTREPRENEUR

ULTRAMAILLE was created by Frédéric Wybo, Managing Director of the company. Frederic lives in Madagascar for more than 20 years and benefits from an extensive experience in the textile industry.

Frédéric Wybo is also Chairman of the board of Solidis Garantie, a surety company based in Madagascar, and associate member of Malagasy Association of Private-Equity Investors.

Frederic is deeply involved on environmental and social issues, which is reflected in the management of the company.

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PARTNERSHIP WITH I&P 

I&P committed alongside with Ultramaille to:  

• Reinforce the working capital of the company to finance the purchase of raw materials

• Support the company to expand its range of products

• Work on the launch of a new brand of tailor-made cashmere sweaters sold online

 

IMPACTS 

• Creation of many qualified jobs, mostly for women

• Develop the work with local producers

 

 

In portfolio since: 2016
en-savoir-plus

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
en-savoir-plus

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
en-savoir-plus

Africa Radio

Sector of activity: Culture
Status: Sortie
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
en-savoir-plus

Latest News

Africa Radio gets a frequency in Abidjan (June 2018)

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