AgroServ Industrie

Sector of activity: Agro-Industry
Status: Investissement en capital
Entrepreneur: Siaka SANON
Employees: 57
Country: Burkina Faso
A propos:

AGROSERV INDUSTRIE is an industrial unit processing maize into gritz and flour. Based in the industrial zone of Kossodo (Ouagadougou), the unit is equipped with two automatic production lines with a production capacity of 50 tons per day each.

The expertise developed by the promoter since the creation of the company in2013 has allowed to him to conquer a significant portion of the national market.

In order to optimize the supply chain, AGROSERV INDUSTRIE decided to organize and support a network of small producers.

THE ENTREPRENEUR

M. SANON Siaka holds a degree in IT Management. After graduating, he integrated the family business called EKSF (Establishment SANON Karidia et Fils), specialized in the collect and marking of cereals on local and international markets. He managed the company for ten years before starting his own business. This first experience with EKSF enabled him to get a full understanding of the maize supply chain.

 

 

PARTNERSHIP WITH SINERGI BURKINA

AgroServ Industrie is the second investment of Sinergi Burkina, an impact fund sponsored by I&P and dedicated to small companies in Burkina Faso. The objectives of the partnership notably include:

• Support to improve governance

• Support the company in getting HACCP certification

• Launch of new products including enriched flour and cornmeal for households

• Improvement of the working conditions of the workers

 

AgroServ also benefits from financial support and technical assistance within the framework of the I&P Acceleration in the Sahel program, in partnership with the European Union. To cope with the unprecedented situation of covid-19, some fifteen companies benefit from technical and financial support to maintain their activities and overcome the crisis.

EXPECTED IMPACTS 

• Structuring a network of small maize producers

• Import substitution and sale of essential goods at affordable price

• Wages well above the legal minimum in Burkina Faso

 

About Sinergi Burkina

Created in 2014, Sinergi Burkina is the first impact investment fund dedicated to financing and supporting SMEs and start-ups in Burkina Faso. Headed by Job Zongo, Sinergi Burkina is the second investment fund sponsored by Investisseurs & Partenaires as part of the I&P Développement 2 fund. The fund network currently includes a fund in Niger (Sinergi Niger), Côte d'Ivoire (Comoé Capital), Senegal (Teranga Capital) and Madagascar (Miarakap).  → To learn more about Sinergi Burkina

In portfolio since: 2017

Siatol

Sector of activity: Agriculture
Status: Investissement en capital
Associed fund: Sinergi Burkina
Entrepreneur: Marcel Ouédraogo
Country: Burkina Faso
A propos:

Siatol is a young soybean processing company founded in 2010 by Marcel Ouédraogo.

Siatol processes soybeans into two high-value products: soya cake, sold to poultry producers, and soya oil, for household consumption. Siatol soya oil is known for its gustatory and nutritional qualities (the oil is made without GMO and is free of cholesterol). Siatol is the only company in Burkina to locally produce soya oil. 

Siatol currently works with more than 3,000 smallholders and strengthens the support program set up by APME2A by providing seeds and small equipment to producers, by allowing technical follow-up and setting up evaluation meetings.

 

The entrepreneur

Marcel Ouédraogo worked ten years in the sector of soy production before devoting himself exclusively to Siatol, with the objective of developing new opportunities for small producers and strengthening the national production of soya oil.

Graduated from the Université Polytechnique of Bobo Dioulasso, Marcel Ouédraogo is an agro-economic engineer, specialized on rural development issues. In December 2004, he joins the CIDR (International Center of Development and Research), a French association implementing development programs in several Sub-Saharan countries. Marcel Ouédraogo notably works on the ESOP program, focused on the Burkinabe soy production sector. In 2008, the CIDR partners with the NGO APME2A, founded in 2004 and dedicated to agricultural SMEs in Burkina.

Alongside his work within the NGO, Marcel Ouédraogo developed an economical model that would be better suited for small producers, while competition in the soya sector becomes stronger in Burkina: “the very small enterprises promoted by the programme could not produce soybean oil, considering the technical constraints and the quality requirements to be satisfied. Our objective with Siatol is to remove entry barriers and ensure outlets to small producers”

 

Partnership with Sinergi Burkina

Siatol is the first investment of Sinergi Burkina, an investment fund dedicated to small enterprises and start-ups in Burkina Faso. Several objectives have been set:

• Improve the structure of the company

• Reinforce the production chain

• Improve the productivity of the producers

Expected Impacts

• In the medium term, Siatol could work with about 10,000 local producers

About Sinergi Burkina

Created in 2014, Sinergi Burkina is the first impact investment fund dedicated to financing and supporting SMEs and start-ups in Burkina Faso. Headed by Job Zongo, Sinergi Burkina is the second investment fund sponsored by Investisseurs & Partenaires as part of the I&P Développement 2 fund. The fund network currently includes a fund in Niger (Sinergi Niger), Côte d'Ivoire (Comoé Capital), Senegal (Teranga Capital) and Madagascar (Miarakap).  → To learn more about Sinergi Burkina

In portfolio since: 2015
en-savoir-plus

Bakou Logistics

Sector of activity: Logistics
Status: Sortie
Associed fund: IPAE 1
Entrepreneur: Mamadou Traoré
Employees: 65
Country: Burkina Faso
A propos:

Bakou Logistics is a freight-by-lorry company settled in Burkina-Faso. Several dozens of trucks freighted by Bakou convey cotton, oil and gas between Burkina-Faso and the Guinea Gulf. The company beats a fierce local competition thanks to its high security and probity standards lately rewarded by the Best Transporter Award from Total Burkina.

 

THE ENTREPRENEUR

Mamadou Traoré’s father also worked in the cargo industry. After he graduated in Finance from HEC Belgium, Mamadou worked for Alstom from 2001 to 2006 as a Commercial Manager in Liège. He then decided to head back to his native country and to start his own business inspired by his family inheritance. Bakou Logistics’ success owns a lot to his father’s experience but Mamadou Traoré quickly took the lead and bred a brand new spirit within the profession

 

PARTNERSHIP WITH I&P

I&P committed alongside with Bakou Logistics

• To undertake technical missions in order to improve the GIS

• To bring the capital needed in the fleet expansion

• To enhance financial and auditing offices in the company

 

KEY IMPACTS

• 35 jobs created including 30 truck drivers with increased social conditions

• Incentives leading to the drivers empowerment through the purchase of their own trucks

• Emergence of a freight local leader, independent from international firms

• Improvement of local standards in terms of environment, social and governance themes

 

In portfolio since: 2013
en-savoir-plus

Website

 

Acep Burkina

Sector of activity: Micro-finance
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Ousseni Kirakoya
Employees: 78
Country: Burkina Faso
A propos:

ACEP Burkina is a MFI specialized in the financing of micro companies and very small enterprises existing in towns and close suburbs. Granted credits are mainly used to finance required working capital and investments.

I&P and ACEP International which are old partners have decided to partner in 2008 to try to start a microfinance institution like ACEP in the country. In spite of a preexisting  important mutual fund present in town zone, small entrepreneurs remain hardly linked to microfinance. Besides, it does not exist for the moment in Burkina Faso, a microfinance institution specialized in individual credit with an effective and appropriate technique of credit risk analysis towards very small companies. 

Financings trough subventions have been secured from the French Agency of Development then an agreement has been obtained from the ministry of finances in June 2012. The microfinance institution has started its activities in October 2012. 

 

PARTNERSHIP WTH I&P

I&P is committed alongside ACEP Burkina to:

• Write the business plan and constitute the round table

• Support ACEP in the research of external funding to extend its portfolio

• Contribute to reinforce the skills of the management team through a technical assistance program

 

KEY IMPACTS

• ACEP Burkina will bring an offer adapted to the financing of town small entrepreneurs

• Set up a health coverage and a CSR policy, as well as a road safety plan

 

 

In portfolio since: 2013
en-savoir-plus

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