Date: 16/01/2024
Theme: Vie d'I&P



Launched in 2017 with €92 million of assets under management, the I&P Afrique Entrepreneurs 2 (IPAE 2) fund closes its investment period with five new investments: AerialMetric in Madagascar, Lapaire Glasses (pan-African), Trianon in Gabon, Mali Shi in Mali and Win Industries in Senegal.

Since its launch, IPAE 2 has invested in 27 SMEs based in Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Kenya, Madagascar, Nigeria and Senegal, or with pan-African activities.





IPAE 2 closes its investment phase

Launched in 2017 as the successor fund to IPAE 1 I&P Afrique Entrepreneurs 2 (IPAE 2) has financed 27 start-ups and SMEs, operating in fragile and less developed countries on the African continent and supporting the growth of companies with high impact potential. The IPAE funds' investment approach is generalist, while targeting sectors that contribute to achieving the Sustainable Development Goals (SDGs): agribusiness, healthcare, construction and public works, renewable energies, microfinance, industry, B2B products and services.

The investment period is over, but much remains to be done. I&P remains fully committed to the success of the fund and its portfolio companies, through strategic and technical support aimed at improving the overall impact and performance of portfolio companies.

Discover some key figures on IPAE 2


5 new portfolio companies 



Established in Madagascar since 2013, AerialMetric is a company operating aircraft and drones for the delivery of medical goods in landlocked areas of Madagascar, for organic larvicide spraying and for topography.

Company profile
Video report on AerialMetric


Lapaire Glasses

Lapaire Glasses is a pan-African eye care company and eyewear distribution chain founded in 2018. It caters to a population previously excluded from the quality eye care market by offering free vision tests and prescription glasses starting at $30. Lapaire Glasses now operates 50 optical stores across the continent, and has over 300 employees.

Company profile
Read the press release announcing the fund-raising


Mali Shi

Founded in 2019, Mali Shi is Mali's first industrial shea processor. The company produces high-quality shea butter for the international market as a sustainable and environmentally friendly substitute for cocoa butter.

Company profile
Read: article on Entreprenante Afrique blog


Win Industries

WIN Industries is a Senegalese company created in 2012, specializing in the production and marketing of mineral water in several bottle formats through the "O' Royal" brand.

Company profile
Discover: an interview with ptromotrice Khady Diop in the Conversations Féminines podcast ("La Ténacité d'une chef d'entreprise").


Trianon Homes

Founded in Gabon in 2012 by Folly Koussawo with the support of Seydou Béyé, Trianon Homes is a company specializing in real estate construction for third parties, turnkey project design and construction, and real estate development.

Company profile
Get to know the entrepreneur in this interview


Portfolio key figures to date

27 companies financed
8 countries covered: Burkina Faso, Cameroon, Ivory Coast, Ghana, Kenya, Madagascar, Nigeria and Senegal
8 different sectors
95% of portfolio companies meet the basic needs of the African population or businesses
90% of companies improve local access to essential goods and services linked to the SDGs

To find out more, read the IPAE 2 Annual Impact Report., download here


programme: I&P Expansion, IPAE 2