The funds IPAE ends its investment period with 2 new investments in MaliSubmitted by Admin on Wed, 08/30/2017 - 16:25
The fund I&P Afrique Entrepreneurs (IPAE), launched in 2012, ends its investment period by realizing a second investment in Mali. IPAE now counts two Malian investees in its portfolio: Carrières et Chaux du Mali and the Société Malienne de Blanchisserie.
IPAE makes its firts investments in Mali
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.
Société Malienne de Blanchisserie is a 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.
English Presentation of Carrières et Chaux du Mali
I&P: a strong additionality in francophone West Africa
As in most of West African countries, there are still few investors in Mali. The last study published by AVCA (African Private Equity and Venture Capital Association), “Spotlight on West African Private Equity” confirms this observation: of all the investments made in West African between 2010 and 2016, a large majority were focused in Nigeria and Ghana (respectively 43% and 25%).