Our work > Our funds and programs > I&P Expansion > I&P Afrique Entrepreneurs 1

 

About IPAE 1

I&P Afrique Entrepreneurs 1 (IPAE 1) is the second fund launched by I&P to support entrepreneurs seeking economic growth and societal impact.

It targets SMEs operating in Sub-Saharan Africa and the Indian Ocean whose financing needs are higher than the companies supported by IPDEV 1 and IPDEV 2, ranging from €300,000 to €1,5 million.

 

 Click here to read more about IPAE's successor fund, IPAE 2

 

Calendar        2012-2017
Size                €54 million
Status            Fully invested
Portfolio         29 companies, incl. 3 exits
Tickets           €300,000 - €1,5 million
Key takeaways

⇒ 12 different countries, half of which are classified as Least Developed Countries.

The companies operate in a dozen different sectors (Food, Microfinance, Construction, Transport, Health, Services, IT, Energy...).

A combination of companies at different stages of growth, with around ¼ investing in start-ups and ¾ investing in companies in expansion phase.

IPAE1's partner companies are showing strong growth, both  in turnover and number of employees.

The fund has fully exited 2 companies and has completed 8 partial exits or exits in progress.

 

IPAE 1's portfolio

Pecheries-du-Sud

Pêcheries du Sud

Société Malienne de Blanchisserie

Carrières et Chaux du Mali

Neurotech

Ultramaillle

Barajii

Barajii

Enko Education

Africa Radio

Africa Radio

investisseurs et partenaires tincy boulangerie

Tincy Boulangerie

I&P Madagascar Scrimad

SCRIMAD

PEG Africa

Ghana Eden Tree Investisseurs et Partenaires

Eden Tree

ENVAL Laboratoire

Investisseurs et partenaires iot madagascar

Indian Ocean Trepang (IOT)

Nest clinique investisseurs partenaires

NEST

Trianon

ITG Store

Sofamac

delta senegal i&p

Delta Irrigation

RICA Services Côte d'Ivoire I&P

Conergies

Pharmivoire Nouvelle I&P

Pharmivoire Nouvelle

Bakou Logistics

Voltacars Rental Services

Carrières du Moungo

Acep Burkina

Finance Trust Bank

ACEP Madagascar investisseurs partenaires

Acep Madagascar

Banque de Développement des Comores

IPAE 1's governance

IPAE 1 is governed by 3 bodies:

• Chaired by Jean-Michel Severino, the board is composed of:
• Ms Annie Ferton
• M. Mamadou Lamine Loum
• M. Abdoulaye Bio Tchané
• M. Olivier Lafourcade
• M. Roshan Nathoo
• M. Philippe Ledesma

Every month the following professionals from the private equity and the development sectors meet to discuss on ongoing projects and investment decisions.

  • Olivier Lafourcade, Consultant, former director at the World Bank
  • Luc Rigouzzo, CEO of Améthis Finance, former CEO of Proparco
  • Jean-Michel Severino, CEO of I&P and former CEO of AFD (2001-2010)
  • François Wohrer, CEO of Compagnie Financière Degroof and former Senior Investment Officer at IFC 
  • Hervé Schricke, President "Club Afrique", AFIC
  • Ann Katrin Dolium, Expert on ESG and CSR issues
  • A member of the I&P team

Composed of representative of key investors of the fund, it meets at least twice a year to give another perspective on potential conflicts of interest and on the funds activities.

IPAE's investment team

Anna Traoré

Investment Manager

Anna Traoré

Investment Manager

Anna Traoré joined the team in June 2021 as Investment Manager for the fund I&P Afrique Entrepreneurs (IPAE).

Asif Noorani

Investment Manager

Asif Noorani

Investment Manager

Asif Noorani is an Investment Manager in I&P’s Nairobi office. He joined in July 2020 to grow I&P’s investment activity in East Africa.

Baafour Otu-Boateng

Investment Director

Baafour Otu-Boateng

Investment Director

Based in Accra, Baafour is in charge of I&P’s portfolio in Ghana.

Fitia Fonenantsoa

Junior Investment Officer

Fitia Fonenantsoa

Junior Investment Officer

Fitia joined I&P Madagascar's investment team as a Junior Investment Officer in December 2021 and is in charge of developing new investments and monitoring the investment portfolio of...

Francis Owusu

Investment Officer

Francis Owusu

Investment Officer

Francis joined the team in 2018 as an Investment Officer in the Accra office, and is focused on the IPAE 1 and IPAE 2 activities in Ghana and Nigeria.

...

Idrissa Wone

Investment Officer

Idrissa Wone

Investment Officer

Idrissa joined the team in 2019 as an Investment Officer in the Dakar office.

Jean-Michel Severino

Chairman of the Supervisory Board

Jean-Michel Severino

Chairman of the Supervisory Board

Jean-Michel Severino chairs the Supervisory Board of I&P, alongside Olivier Lafourcade and Bagoré Bathily.

Jérémy Hajdenberg

Co-CEO of I&P

Jérémy Hajdenberg

Co-CEO of I&P

Jérémy Hajdenberg is Co-CEO of I&P. He joined I&P in 2004

Karène Angelo

Investment Officer

Karène Angelo

Investment Officer

Based in Antananarivo - Madagascar, Karène joined the I&P team in 2021 as an Investment Officer and is in charge of the IPAE portfolios

...

Landry Parkouda

Investment Manager

Landry Parkouda

Investment Manager

Landry joined the IPAE investment team in 2018. Based in Ouagadougou, he is in charge of the portfolio in Burkina Faso, Mali and Niger.

Léa Deger

Head of Legal, Risk & Compliance

Léa Deger

Head of Legal, Risk & Compliance

Léa DEGER joined I&P in June 2021 as Head of Legal, Risk and Compliance.

Marguerite Tall

Investment Manager

Marguerite Tall

Investment Manager

Marguerite Tall joined the team in 2021 as Investment Manager for the funds I&P Afrique Entrepreneurs (IPAE).

Mialy Ranaivoson

Investment Director

Mialy Ranaivoson

Investment Director

Based in Antananarivo, Mialy is in charge of the portfolio in Madagascar and in the Comoros since 2012.

Nouss Bih

Investment Manager

Nouss Bih

Investment Manager

Nouss joins the team in 2016. Based in Abidjan, she is in charge of I&P portfolio in Ivory Coast.

Oty Kévin Aie

Investment Officer

Oty Kévin Aie

Investment Officer

Kevin joined I&P in 2019 as an Investment Officer for IPAE 1 & 2 in Côte d'Ivoire.

Samuel Monteiro

ESG & Impact Senior Manager

Samuel Monteiro

ESG & Impact Senior Manager

Samuel joins the team in 2016 as a PhD candidate and Research Officer on ESG and impact issues. 

Sébastien Boyé

Co-CEO of I&P

Sébastien Boyé

Co-CEO of I&P

Sébastien Boyé joined I&P in 2002 and is now Co-CEO of I&P

Soraya Ouertani

Head of Legal

Soraya Ouertani

Head of Legal

Soraya Ouetani joined Investisseurs & Partenaires in September 2020, as a legal officer for the funds I&P Afrique Entrepreneurs.

Vivian Tchatchueng

Investment Manager

Vivian Tchatchueng

Investment Manager

Based in Douala, Vivian is in charge of I&P's portfolio in Cameroon and Central Africa.

Weil Rodelys

Technical Assistance and Impact Project Officer

Weil Rodelys

Technical Assistance and Impact Project Officer

Based in Madagascar, Weil joined the I&P Finance team in 2018.

Latest IPAE 1 News

Mialy Ranaivoson Job Zongo Lead Campus 2022
"Lead Campus - Sustainable Leadership In Africa'': a second week of onsite training in Morocco for Mialy Ranaivoson and Job Zongo
News | 17/05/2022      The "Lead Campus - Sustainable leadership in Africa" program deployed by HEC and supported by AFD, continues its deployment with a new week of face-to-face training in Morocco. A first week was organized in Abidjan in March. Mialy Ranaivoson, Investment Director of...

Newsletter of April - May & Edito by Carole RAMELLA
News | 10/05/2022  The April-May 2022 Newsletter is available! The newsletter notably contains: ⇒ An editorial signed by Carole Ramella, Managing Director of GFA Consulting and member of the IPAE 2 Investment Committy ⇒ A review of the latest IPAE 2 fund investments (HerI in Madagascar...

I&P exits Delta Irrigation
Entrepreneurs | 31/03/2022  I&P, through its fund I&P Afrique Entrepreneurs 1 (IPAE 1), announces a new exit: the sale of its shares in the Senegalese company Delta Irrigation to CMGP, a strategic player in the irrigation sector, which shares the long-term vision of Delta Irrigation's promoter. Delta...

Ultramaille - Investisseurs & Partenaires (sortie investissement d'impact)
Impact investment in Madagascar: I&P completes its exit from Ultramaille
Entrepreneurs | 27/01/2022Since the first exit from the Mali based company CAMED in 2009, I&P has made 30 exits to date. We have published a summary note on our exit experience , recalling the key issues and looking back at some emblematic exits, including Ultramaille.   Founded in 1998, Ultramaille...

I&P publishes its second global impact report
News | 20/12/2021  Investisseurs & Partenaires publishes the second edition of its annual impact report, a summary of our impact mission and the most significant achievements and progress made in 2021. In a time period strongly marked by the Covid-19 crisis, I&P's teams have grown stronger, new...

Rapport ESG / Impact IPAE 1 et IPAE 2
Publication of ESG / Impact reports for IPAE 1 and IPAE 2 funds
News | 18/08/2021  Each year, I&P produces an impact report to assess the progress of projects and analyze the environmental, social and governance (ESG) performance of our investments. The latest IPAE 1 and IPAE 2 reports are online:  Read the IPAE 1 report Read the IPAE 2 report...

PEG Africa sponsored by USAID to bring electrification to off-grid health clinics in Africa
Entrepreneurs | 27/10/2020  PEG Africa is one of the 9 solar energy companies sponsored by USAID to provide reliable, affordable off-grid electricity to nearly 300 healthcare facilities in sub-Saharan Africa. PEG Africa aims to bring off-grid solar energy access to rural and peri-urban communities in West Africa...

Publication of the ESG and Impact reports of IPAE 1 and IPAE 2
News | 08/07/2020  Inaugurated in 2012, I&P Afrique Entrepreneurs 1 (IPAE 1) fund closed its investment period in 2017 with 29 African SMEs in its portfolio. The publication of this annual report, in a period of disinvestment, thus allows us to evaluate the main impacts of the fund and its portfolio...

An article relates the story of Ghanaian company Eden Tree
Entrepreneurs | 24/06/2020  The online magazine "How we made it in Africa" publishes an interview of Catherine Krobo Edusei, CEO and founder of Eden Tree. The company, supported by IPAE 1 since 2015, has become the leading independent provider of fresh fruits, vegetables and herbs in Ghana. The article relates the...

Enko Education opens a new primary school in Burkina Faso
Entrepreneurs | 10/06/2020  The African international network Enko Education announced today the launch of a new primary school in Ouagadougou, Burkina Faso. In order to meet the growing demand from parents, this school will be the primary section of the international school Enko Ouaga Campus. Enko Ouaga Campus...

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