Senegal

Xoom Wireless is a Gambia-based internet service provider, established in 2017. It was granted a full operating licence in 2018 by the Gambian Public Utilities Regulatory Authority. The company intends to offer a wide range of broadband products to Gambian users through "LTE TDD" technology in and around Banjul.

THE ENTREPRENEUR

Kalifa FAAL is a computer science graduate from Florida State University. He has more than 10 years of experience in internet and web technologies. He worked for 8 years in the United States as a sales and marketing manager. He is the founder and CEO of KMF Technology, a computer hardware and tool supply company based in The Gambia.

PARTNERSHIP WITH TERANGA CAPITAL

Teranga Capital's investment in Xoom Wireless aims to :

• Support the reflection on the first phase of deployment and future extensions of the activity
• Strengthen managerial, technical and administrative management capacities by supporting the development of management methods and tools.
• To enable the project to benefit from Teranga Capital's network, to put it in touch with partner companies in Senegal and abroad.

EXPECTED IMPACTS

• Management of energy consumption (electricity, water and diesel)
• Formalization of human resources, recruitment of qualified personnel
• Support for the implementation of financial and administrative management tools

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).

→ Find out more about Teranga Capital

KOOD is a young senegalese company specialized in the production and marketing of ice cream and frozen yoghurt in different flavours (vanilla, chocolate, bouye, etc.) under the brand name MILKY in different regions of Senegal. The company was created in 2016 by Mr Diadji Ka and his wife Ngoné THIAW, and started its production in December 2017.

THE ENTREPRENEURS

Diadji KA holds a Bachelor's degree in Information Systems from the Polytechnic University of Pomona in California (CAL POLY Pomona). He worked for 10 years in the United States before deciding to come back to Senegal in 2015 and devote himself to his entrepreneurial projects to create the company KOOD where he holds the position of manager and is in charge of the coordination of activities.

Ngoné THIAW holds a master's degree in finance audit. After several experiences in Senegal in accounting firms, she decided to join her husband in the United States, then returned to Senegal with him. She held the position of production manager during the first months of KOOD's activities and is now in charge of new product development.

PARTNERSHIP WITH TERANGA CAPITAL 

Teranga Capital's investment in KOOD aims to :

• Support the reflection on business development 
• Structuring and support for the development of management methods and tools, training, etc.
• Establishing contact with partner companies in Senegal and abroad

KOOD 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 IMPACT

• Implementation of an energy and waste management process.
• Formalization of existing jobs, recruitment of qualified managers and manpower, improvement of working conditions.
• Support for the implementation of financial and administrative management tools.

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). → Find out more about Teranga Capital

Farifima Cosmétique is a young senegalese company created in 2018. It specialises in the production and development of cosmetic products for men, women and children from natural materials based on local African resources.

THE ENTREPRENEUR

Dr. Mariane PETERS holds a Ph.D. in Chemistry from the University of LAVAL in Canada (Quebec) with 10 years of experience in applied research in chemistry and is the author of several scientific publications. Before to establish Farifima's activity, Dr Mariane PETERS held project management positions in various scientific and industrial activities in Canada and France.

PARTNERSHIP WITH USAID  

Teranga Capital's investment by USAID in Farifima Cosmetics aims at :

• Support in the implementation of tools for the management of operational and financial data 
• Support in marketing and communication

EXPECTED IMPACT

• Promotion of local raw materials
• Supply chain structuring
• Formalization of jobs

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).

→ Find out more about Teranga Capital

ABOUT USAID PROGRAM

Investisseurs & Partenaires and the United States Agency for International Development (USAID) started in 2016 an innovative acceleration program for start-ups located in Niger, Burkina Faso and Senegal. The partnership will support high-potential start-ups and small and medium-sized enterprises to facilitate their access to financing in a region where the ecosystem supporting entrepreneurship is still underdeveloped. →Click here to find out more

Matisse is a restaurant complex located in an area of high economic activity in Dakar. It is composed of a bakery, a fast-food restaurant and an ice-cream parlour. These last two activities have been integrated as a franchise. The company was created in 2017 and started its activity in December of the same year.  

THE ENTREPRENEUR

Delphine Faye holds a Master's degree in Economics and Management from the Cheikh Anta Diop University in Dakar. At the end of her studies, she joined World Vision, an international NGO, in 2011 as an accounting manager. In 2017, she decides to launch the Matisse complex.

PARTNERSHIP WITH USAID  

Teranga Capital's USAID investment in Matisse aims to :

• Support in the strategic development of the activities.

EXPECTED IMPACTS

• Support women's entrepreneurship
• Support local production
• Formalization of employees and job creation

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).

→ Find out more about Teranga Capital

ABOUT USAID PROGRAM

Investisseurs & Partenaires and the United States Agency for International Development (USAID) started in 2016 an innovative acceleration program for start-ups located in Niger, Burkina Faso and Senegal. The partnership will support high-potential start-ups and small and medium-sized enterprises to facilitate their access to financing in a region where the ecosystem supporting entrepreneurship is still underdeveloped. →Click here to find out more

The company Teranga Automobiles is a car garage offering services of mechanical and electromechanical diagnosis, mechanical repair, maintenance, repair and maintenance of air conditioning.

ENTREPRENEURS

Teranga Automobiles was created by two associates who are :

Mr. Papa Sada SALL is a Mechanical Engineer with nearly 10 years of experience in the field of automotive mechanics.
Mr. Papa Mayacine DIOP is a consultant in Entrepreneurship and has worked with NGOs in Senegal. He holds a Bachelor's degree in Business Administration and a postgraduate diploma in International Relations.

OBJECTIVES

TERANGA AUTOMOBILES is supported by Teranga Capital within the framework of the I&P Acceleration program in the Sahel with a funding of €60,000 (39 million CFA francs) whose objective is to :

• Make the necessary investments for the deployment of the second garage
• Support the company in strategic thinking to meet the challenges of commercial development, creating a brand synonymous with trust and positioning that best meets the demands of the local market.
• Support the company in the implementation of a more efficient management system including the management of financial and operational data, inventory, cash and human resources.

EXPECTED IMPACTS

• Creation of stable jobs
• Capacity building of a low-skilled workforce in a very informal sector
• Fiscal and social formalization
• Establishment of a system for the collection of used oils and a system for the recycling of used spare parts

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). → Find out more about Teranga Capital

SetTIC is a senegalese company specialized in the treatment of corporate waste (waste electrical and electronic equipment, waste characterization audit and recycling of special waste). It was created in 2013 and is managed by two women engineers specialized in information and communication technologies and the environment.

ENTREPRENEURS

Julie REPETTI is an engineer graduated from the Ecole des Mines de Douai and is specialized in environment, industry and strategic management with more than six years of professional experience. She started her career as an environmental safety engineer at EDF, then held project management positions at Alcatel Lucent and Nokia.

Boussoura TALLA GUEYE is an engineer graduated from INSA Toulouse and is specialized in information and communication technologies, with more than ten years of professional experience.

OBJECTIVES

SetTic benefits from the USAID and I&P Acceleration in the Sahel programs with a funding of €54,000 (35.5 million FCFA), the objectives of which are :

• To support the company in setting up a service offer, meeting international standards, to companies in West Africa.
• To support the company in strategic thinking to meet the challenges of commercial development, positioning and visibility.
• To support the company in the implementation of a more efficient management system including the management of financial and operational data, treasury and human resources.

EXPECTED IMPACTS

• Recycling of waste from all types of businesses
• Creation and formalization of stable jobs
• Payment of local taxes and duties

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). → Find out more about Teranga Capital

ABOUT USAID PROGRAM

Investisseurs & Partenaires and the United States Agency for International Development (USAID) started in 2016 an innovative acceleration program for start-ups located in Niger, Burkina Faso and Senegal. The partnership will support high-potential start-ups and small and medium-sized enterprises to facilitate their access to financing in a region where the ecosystem supporting entrepreneurship is still underdeveloped. →Click here to find out more

Le Lionceau is a small senegalese company specialized in the production and marketing of smooth purée for children from 6 months to 36 months. The products are of high nutritional quality and made from locally produced fruits, vegetables, cereals and ingredients. 

ENTREPRENEURS

The company was created by two agricultural engineers graduated from Montpellier Sup Agro who are : 

Mrs Siny SAMBA, Engineer graduated from Montpellier Sup Agro, with a specialization in infant nutrition and significant experience in a large multinational company specialized in infant food.

Mr. Rémi FILASTO', Engineer graduated from Montpellier Sup Agro, with a specialization in financing of agro/agri companies in France.

OBJECTIVES

Le Lionceau benefits from the I&P Acceleration in Sahel program with a funding of 30 million CFA francs (€45,000) whose objectives are to :

• Accompany the company in strategic thinking to meet the challenges of marketing, brand development, supply and positioning.
• Support the company in the implementation of a management system including the management of financial and operational data, inventory, treasury and human resources.

EXPECTED IMPACTS

• The creation and formalization of stable jobs 
• The valorization of local raw materials 
• The fight against child malnutrition 
• Fiscal and social formalization

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). → Find out more about Teranga Capital

Golden Nuts and Grain is a Senegalese company specialising in the production of natural juices made from local products such as bouye, bissap and ginger.

Marketed under the GOUT D'OR brand, the products combine the know-how inherited from Senegalese traditions with international standards. In this way, they contribute to the improvement of the food quality for Senegalese people while enhancing the value of local products.

GOUT D'OR juices are already sold in three hundred local sales outlets in Dakar.

The Entrepreneur

The company was founded in 2016 by Oumar REMY, a unique promoter. He holds a degree in international trade. He then went on to earn a bachelor's degree and then a master's degree in commerce & international affairs in France.

Back in Senegal, the current manager of Gout d'Or started his entrepreneurial career in November 2007, first with the establishment of A2Z COMMUNICATION SARL, a company specialized in the distribution of communication media and advertising objects. Then, he joined the groundnut sector as an intermediary on behalf of major industrialists.

Finally, in September 2016, he created Golden Nuts and Grain.

Partnership with Teranga Capital

Teranga Capital's investment in Golden Nuts and Grain aims to:

• Accelerate the company's growth trajectory by providing it with financial, technical and human resources to strengthen its base and seize market opportunities.

• Support the company in its strategy and in improving the efficiency of its organization.

• Structure and support the development of management methods and tools, support the setting up of a new production unit and its implementation.

• Connect with partner companies in Senegal and abroad

Expected Impacts

• Creation of new jobs

• Implementation of health coverage

• Tax formalization and payment of VAT and other applicable taxes and duties.

• Support in the implementation of effective governance and commercial, financial and administrative management tools.

The Dental Clinic Le Cap Vert is a Senegalese health structure created in 2006 and specialized in oral care.

With proven expertise, the clinic offers its patients high quality oral care services, performed using processes and equipment that meet the highest standards in the dental field. It includes several specialty areas: basic dental care, orthodontics, prostheses and dental imaging.

After twelve years of activity, the Dental Clinic Le Cap Vert has several thousand patients treated, enjoys a very good reputation for the quality of its services, and has made significant progress in its operational and financial performance.

The Entrepreneur

Dr Issakha Mbaye is a dentist. He graduated in 2003 in dentistry from Cheikh Anta Diop University in Dakar, and also holds a diploma in public health.

Partnership with Teranga Capital

Teranga committed alongside with the company to:

• Support the company in its growth phase by providing it with financial, technical and human resources to strengthen its base, expand its offers and seize development opportunities.

• Provide local support ranging from strategy to improving the effectiveness of the management of the organization.

Expected Impacts

• Provide quality care to a greater number of patients.

The Centre d'Appui à l'Initiative Féminine (CAIF) is a vocational training centre specialising in catering, hotel trade, sewing, styling, and hairstyling.

Created 14 years ago, CAIF has developed a strong expertise to offer its trainees, mainly young Senegalese women, good quality training adapted to the job market.

THE ENTREPRENEURS

Mrs Arame Dramé is the founder of CAIF, which she directed from its creation until 2016. Today she remains active in the structure and uses her reputation and experience to have training contracts with institutional partners. Ms Dramé is an expert in educational issues and worked from 1989 to 2016 at the Institut National d'Etudes et d'Action pour le Développement de l'Education (INEADE) where she focused on vocational training and the issue of deschooling of young people in Senegal. She holds a DUEL 2 degree in English from UCAD and an Entrepreneurship Training Certificate from SODIDA.

Since 2016, the school is directed by Insa Seydou Dramé, son of the founder and promoter of the project. He decided to join the family business in 2012, where he successively held the positions of Interim Managing Director for 2 years, Director of Continuing Education and External Relations and Director of Operations. He previously worked for Huawei Technologies as a front office engineer. He holds a DEUG in Science and Technology for Engineering from the University of Paris 13, and a Professional Master from the African Institute of Management (IAM) of Dakar in Project Management.

PARTNERSHIP WITH TERANGA CAPITAL

Teranga Capital's investment aims to:

• Support strategic thinking on business expansion,

• Structure and develop management methods and tools,

• Put the company in contact with partner companies in Senegal and abroad

EXPECTED IMPACTS

• Social: creation and formalisation of permanent jobs, affordable vocational training leading to a diploma for a young target group excluded from the traditional school system, integration of graduates into the professional world

• Governance: implementation of financial and administrative management tools, formalization of procedures.