I&P Afrique Entrepreneurs 1
About IPAE 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.
⇒ 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: the revenues of portfolio companies have increased by an average of +17% since IPAE1's investment.
⇒ The fund has fully exited 2 companies and has completed 7 partial exits or exits in progress.
IPAE 1's portfolio
IPAE 1's governance
IPAE 1 is governed by 3 bodies:
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
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....
Jean-Michel Severino is the CEO of I&P since 2011. He is a former Vice-President for Asia at the World Bank and a former Chief Executive Officer of the French Development Agency (AFD)....
Latest IPAE 1 News
PEG Africa sponsored by USAID to bring electrification to off-grid health clinics in AfricaEntrepreneurs | 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 2News | 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 TreeEntrepreneurs | 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 FasoEntrepreneurs | 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...
3 questions to... Frédéric Wybo, Director of UltramailleEntrepreneurs | 29/01/2020 Based in Madagascar for nearly 30 years, Frédéric Wybo is the founder and current CEO of Ultramaille, a Malagasy company specialized in mid- and high-end fashion knit wear. Ultramaille has been supported by I&P since 2016, through its fund I&P Afrique Entrepreneurs 1. The team...