Country: Guinée
Sector of activity: Industry
Status: Seed funding
Associed fund: I&P Accélération au Sahel
Entrepreneur: Thierno Boubacar Diallo, Abdoul Hamidou Diallo
In portfolio since: 2022

Luxcosmetiks is a company which evolves in the production and marketing of perfumes and body care under the brand Star in Guinea.

The entrepreneurs

Luxcosmetiks was created in 2019 by two entrepreneurs:

  • Thierno Boubacar Diallo: Holder of a professional degree in Financial Engineering obtained at the Ecole Supérieure de Direction et de Gestion (ESDG-Rabat) in 2013, he has several years of experience in the cosmetics and perfumery sector in particular.
  • Abdoul Hamidou Diallo: He holds a Master's degree in Business Administration and another in Accountability from Kennesaw State University (in Georgia).

Partnership with I&P and MBM Capital

Luxcosmetiks is supported by MBM Capital through I&P Acceleration program in Sahel. The main objective of this partnership is to :

  • Improve the performance and productivity of the production unit
  • Support the company in strengthening the technical skills of human capital
  • Structure the organization and cost management through the implementation of internal procedures
  • Rearrange the facilities