I&P Acceleration in Sahel : Meet Siny Samba and Rémi Filasto, founders of the Senegalese company Le LionceauSubmitted by Admin on Tue, 04/06/2021 - 21:09
Launched in July 2020, Le Lionceau was one of the first companies to benefit from I&P Acceleration in Sahel. As part of this ambitious program for young Sahelian companies, we met Siny Samba and Rémi Filasto, founders of this company that specializes in the production of baby food products in Senegal.
Here is a video on their project, their ambitions and their collaboration with I&P and Teranga Capital.
Founded in 2016 by two agricultural engineers, Siny Samba and Remi Filasto, Le Lionceau is a small business that aims to strengthen infant nutrition in Senegal through the production and marketing of smooth purée for children.
What is your business ?
"Here in Senegal, we noticed that on the market of baby products (baby food), 100% of the offer was imported while we have very rich resources in terms of nutrition. We said to ourselves why not transform them and propose a local offer, adapted to local needs and consumption habits that will improve the nutritional health of children while strengthening the food value chain by avoiding agricultural losses," says Siny Samba, co-founder of the company. Read more about Le LionceauHow is the partnership with I&P and Teranga Capital going ?
Since 2020, the company has been supported by the I&P Acceleration program in the Sahel, financed by the European Union through the Emergency Trust Fund. On the ground, Fadyl Cissé and Fatou Diop, who are in charge of the program's deployment in Senegal through the Teranga Capital impact fund, support the company's growth plans on a daily basis.
"Le Lionceau benefits from the I&P Acceleration program in the Sahel through two components: a first component of financing, which consists of granting funds to the company to support its development plan, and a second component of technical assistance to support the company in its accounting and marketing activities," confirms Fadyl Cissé, program manager at Teranga Capital.
"More concretely, this financing allows us to change scale, that is to say to move from a semi-artisanal to a semi-industrial scale, to make investments in new equipment and also to recruit more people to help us with this development," adds Siny Samba.
What are your projects ?
"One of our major projects is the development of new products for the most vulnerable children in rural areas. The idea is to create a multi-actor collaboration between state agencies and NGOs to offer these products to children suffering from malnutrition and to help them improve their nutritional health", underlines Siny Samba.
About I&P Acceleration in Sahel
I&P Acceleration in Sahel is a support program for start-ups and small businesses in the Sahel region with one main objective: to give them access to the financing and skills they need to develop and thus promote job creation. This program is funded by the European Union through the Emergency Trust Fund. → To learn more about the program
About Teranga Capital
Teranga Capital is the first impact investment fund dedicated to the financing and support of Senegalese SMEs and start-ups. Headed by Olivier Furdelle, Teranga Capital is the third African fund sponsored by Investisseurs & Partenaires under the I&P Développement 2 program. The network currently includes a fund in Niger (Sinergi Niger), Burkina Faso (Sinergi Burkina), Ivory Coast (Comoé Capital) and Madagascar (Miarakap).