Duopharm

Sector of activity: Health
Status: Sortie
Associed fund: IPDEV1
Entrepreneur: Jules Charles Kébé
Employees: 89
Country: Senegal
A propos:

 

DUOPHARM was created in 2003 under the initiative of a merger of nearly 150 Senegalese pharmacists. Since then, the company achieved a breakthrough in the Senegalese pharmaceutical landscape thanks to its proximity marketing strategy. Local pharmaceutics market is characterized by high competitive intensity and a strong presence of European multinational companies. However this market is experiencing very strong growth in Senegal, where health spending per capita increased sharply since the early 2000s. Thus since 1999, the number of drugstore has doubled since 1999 and the pharmaceutical market shows an annual increase of about 6%.

 

THE ENTREPRENEUR

Jules Charles Kebe, Director of Duopharm, was medical sales representative for Pfizer and led the COPHASE, second wholesaler-distributor of Senegal from 1999 to 2002. 

 

PARTNERSHIP WITH I&P

I&P committed alongside with DUOPHARM: 

• To deepen with developers, and with the support of a pharmacist who had a similar experience in Mali, the initial financial projections and action plan

• To provide funding to the company at its inception and contributing to capital increases

• To elaborate the financial strategy

 

EXIT

In 2016, I&P sold its shares to the pharmacists who founded the company.

 

KEY IMPACTS

• Emergence of a local player in the pharmaceutical distribution (both leaders are subsidiaries of French companies)

• 89 jobs in 2015, which is a 20% increase compared to 2014

• 25% of the employees are women 

• 4 400 references of pharmaceutical products distributed to over 500 customers 

• 17 local suppliers 

 

 

In portfolio since: 2010-2016
en-savoir-plus

Equip Plus

Sector of activity: Equipment & Maintenance
Status: Sortie
Associed fund: IPDEV1
Entrepreneur: René Ndour et Sérigne Niang
Country: Senegal
A propos:

Equip Plus is a Senegalese company within the industry of electromechanical equipment. It has developed an expertise in key sectors such as water adduction and electric networks led by a team of technicians specialized in installing and providing maintenance of this equipment.

 

PARTNERSHIP WITH I&P

I&P committed alongside with Equip Plus:

• To ensure the business structuring: information systems, management indicators

• To strengthen guidance towards private sector demand and high value-added activities (including maintenance) 

 

KEY IMPACTS

• Strengthening local services capacity

• Access to water and electricity in rural areas (public service delegation)

 

In portfolio since: 2009

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