Country: Burkina Faso
Sector of activity: Agro-Industry
Status: Seed funding
Associed fund: I&P Accélération, I&P Accélération au Sahel, I&P Développement, Sinergi Burkina
Entrepreneur: Aboul-Wakil Faïçal PALENFO
In portfolio since: 2021

Faso Elevage Bio is a Burkinabe company specialized in the production of breeding materials. This young company has progressively developed five activities aimed at poultry farmers: production and commercialization of chicks and breeding equipment (incubators, cages, brooders, etc.), implementation of a farm monitoring system, rent of livestock buildings and training of poultry farmers on good breeding practices.

THE ENTREPRENEUR

Faso Elevage Bio was created by Abdoul-Wakil Faïçal PALENFO when he was a young student entrepreneur. Before starting his own business, Mr. PALENFO was a livestock consultant for NGOs and companies like Ferm'Afrik. He holds a professional master's degree in animal production from the University of Saint Thomas Aquinas (USTA) in Ouagadougou.

PARTNERSHIP WITH I&P AND SINERGI BURKINA

Faso Elevage Bio is supported by I&P and Sinergi Burkina through I&P Acceleration in Sahel. The support will allow the company to : 

  • Strengthen the chick production capacity
  • Improve the quality of the egg brooding machines
  • Strengthen the company's market presence
  • Strengthen the structuring and the management system (SIG)

EXPECTED IMPACTS

  • Creation and consolidation of jobs
  • Increase the local supply of chicks
  • Valuation of local products 
  • Establishment of good governance

About Sinergi Burkina

Created in 2014, Sinergi Burkina is the first impact investment fund dedicated to financing and supporting SMEs and start-ups in Burkina Faso. Headed by Job Zongo, Sinergi Burkina is the second investment fund sponsored by Investisseurs & Partenaires as part of the I&P Développement 2 fund. The fund network currently includes a fund in Niger (Sinergi Niger), Côte d'Ivoire (Comoé Capital), Senegal (Teranga Capital) and Madagascar (Miarakap).  → To learn more about Sinergi Burkina​