Teranga Capital

COGELEC ENERGY is an engineering company based in Dakar, Senegal. The company is present in electrical engineering and line construction works, rural electrification and distribution of electromechanical equipment.

COGELEC ENERGY is focused on bringing energy for productive uses to rural areas in Senegal for the greater benefit of the Senegalese population. Within rural electrification, COGELEC ENERGY focuses on providing the most economical energy possible for productive use in rural communities, with a particular focus on bore wells in remote locations.

COGELEC ENERGY’s clients include governments with whom they partner long term to provide electricity access and services for rural areas, as well as industrial companies looking for the most economical solutions to build conventional grid connections or using renewable energy.

The Entrepreneur

Cogelec Energy is managed by Abdou Wahab Kane.

Partnership with Teranga Capital

Teranga committed alongside with Cogelec Energy to:

• Support the expansion of the logistical equipment and the investments in human resources to strengthen its capacity to execute increasingly complex projects

• Support Cogelec Energy in elaborating and executing its strategy with a view to improving its organizational efficiency and promoting growth

Expected Impacts

• Extend electricity access and services to rural areas

• Increase the competitiveness and energy efficiency of Senegalese economic players and give them access to sustainable energy solutions

OuiCarry provides delivery services and allows its customers (individuals and businesses) based in Senegal to buy products from international commercial websites.

The clients can choose from any commercial website, which gives them access to very wide range of products. For those without credit card, OuiCarry can buy the product online on behalf on the client. OuiCarry currently counts several thousand customers and has made good progress over the last few years.  

Compared to other alternatives, OuiCarry brings high-quality services at moderate cost and within a relatively short period of time (less than 10 days for an expedition coming from Europe for example)

The company was rewarded in 2016 by the Orange FAB prize and has also been the finalist of the “Great Entrepreneur Competition” held by the British Council.

ENTREPRENEURS

OuiCarry was co-founded by three entrepreneurs: Olabissi Adjovi, Youssou Ndiaye and Pape Oumar Yam.

Olabissi Adjovi grew up in Benin and moved to France to study at the National Institute of Applied Sciences in Lyon. He holds a Master on entrepreneurship from ESCP Europe.

Youssou Ndiaye graduated from Lyon’s Ecole Polytechnique. Before working for OuiCarry, he co-founded and managed Speed Mail Service, a mailing company dedicated to Senegalese businesses.

Pape Oumar Yam graduated in economics and transport management from the University Of Economic Science Of Montpellier. He came back to Senegal in 2009 and became soon associated on Speed Mail Service and OuiCarry projects.

PARTNERSHIP WITH TERANGA CAPITAL

Teranga Capital investment in OuiCarry aims to:

• Accelerate the growth of the company, providing the financial, human and technical means to strengthen its bases and seize market opportunities

• Support the team on the company’s strategic thinking and the effectiveness of their organization

EXPECTED IMPACTS

• Structure the e-commerce sector in Senegal l

• Encourage African entrepreneurs with an example of entrepreneurial success