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FrançaisI&P publishes the annual ESG & Impact report for the IPDEV 2 fund
Submitted by on Tue, 09/16/2025 - 14:58
Each year, I&P Development (IPDEV) assesses and reports on the environmental impact, social impact, and governance of the companies supported by its various partner funds.
IPDEV is the first fund of funds dedicated to launching, developing, and supporting pioneering African fund managers. IPDEV is intrinsically suited to structuring blended finance, relying primarily on equity from private and institutional investors, but also on loans and grants from donors, with each type of capital playing a key role in catalyzing the impact of the other.
During its first phase, IPDEV raised €21 million in equity capital, €3 million in first-loss loans, and €3 million in grants. Since 2015, IPDEV has launched seven partner funds in seven fragile countries (Niger, Burkina Faso, Mali, Senegal, Côte d'Ivoire, Uganda, Madagascar) and two are underway (Cameroon and Guinea).
Through its partner funds, IPDEV supported 52 SMEs with capital investment in 2024. These companies had an impact on more than 140,000 stakeholders, including 1,800 direct jobs, 45% of which were held by women, and 10,445 indirect jobs. The supported companies are committed to creating and maintaining decent jobs, with salaries on average 1.6 times higher than the minimum wage in force in the countries, and more than 75% of employees benefiting from a social protection system.
IPDEV's impact is also reflected in solid economic results: the companies supported have recorded an average annual growth in turnover of 26%. In addition, 66% of funding has been directed towards priority sectors such as education, health, agri-food, and energy, meeting the basic needs of local populations.
In 2024, for every euro invested by IPDEV in partner funds, these funds managed to raise an average of €2.45 in additional funding from other investors. These resources are then invested in companies, which in turn manage to raise an additional €2.1 for every euro received.
In total, every euro invested by IPDEV generates a leverage effect of €10.8 in financing mobilized for African SMEs.
Through these results, IPDEV reaffirms its commitment to stimulating inclusive economic development and supporting African entrepreneurs in building resilient and sustainable economies.