iProcure

Sector of activity: Agro-food
Status: Investissement en capital
Associed fund: IPAE 2
Entrepreneur: Stefano Carcoforo, Nicole Galletta
Country: Kenya
A propos:

Incorporated in 2014, iProcure is a Kenyan agricultural supply chain platform operating in rural areas within East Africa.  

In addition to procurement and last mile distribution services to agro-dealers, iProcure provides business intelligence and data-driven stock management across the supply chains. 

The platform offers a variety of services to consolidate the fragmented supply chain in rural areas:   

  • Warehousing and last mile services: iProcure supplies fertilizers, seeds, animal feeds and agro-chemicals such as fungicides. The company buys the products from local manufacturers and suppliers and distribute them to distributors and retailers through 9 warehouses, 12 depots and 30 trucks 
  • Data-Driven distribution: iProcure provides real-time business intelligence and helps distributors and retailers track sales, manage inventory and procurement 
  • SaaS model: iProcure provides the software to their agro-dealers, together with a Point-of-Sale hardware. This is in the effort to digitize the sector, where information is generally inaccurate and unreliable. The Point of Sale platform helps to make the rural agro-dealers more efficient because they are able to track their sales, costs and inventory. The platform can also be used by other logistics and distribution players operating outside the agricultural sector

iProcure has started expanding to Uganda by installing the Point of Sale platform at the agro-dealers within the country, and will eventually launch a full scale expansion to Uganda and Tanzania. The company is also considering expansion to West Africa, using the vast experience they have already gained.  

THE ENTREPRENEURS

The company was co-founded by Stefano Carcoforo and Nicole Galletta: 

  • Stefano Carcoforo, born in Kenya, is currently the CEO of iProcure. Prior to founding iProcure, he worked for Philips Engineering as a Systems Engineer and for a number of large development projects in Cameroon and Haiti. He did his bachelor’s degree in Mechanical Engineering and Masters in Business / Project Management
  • Nicole Galletta is co-Founder and Head of Innovation. She is responsible for onboarding retailers and distributors in Kenya and Uganda. Previous to founding iProcure, Nicole worked as an Urban Planner and GIS Expert for UN Habitat, and Geographic Information Manager for FAO. She has a Master’s Degree in Urban / Environmental Planning

PARTNERSHIP WITH I&P

  • Supporting the growth of the company in East Africa, starting with Uganda  
  • Further expansion into more counties in Kenya 
  • Increasing the company’s capacity to use data to make the operations more efficient 
  • Supporting the company in their quest to brand their own products 
  • Improving the website and social media presence 

EXPECTED IMPACTS

  • iProcure improves access to essential products for the rural farming population 
  • Digitisation of agro-dealers using iProcure’s Point of Sale platform, which will over time, help to switch the agro-dealers from manual record keeping to digital records. This also helps the traders to forecast their inventory needs, and reduce pilferage within their shops 
  • Increasing traceability of the agricultural inputs being sold to farmers – over time, this will help understand and reduce environmental impacts of these inputs 
  • Growth of a Kenyan start-up expanding across East Africa and eventually West Africa, creating significant employment within the urban, and especially rural areas 
In portfolio since: 2022
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Le Comptoir fermier

Sector of activity: Agro-food
Status: Financement d'amorçage
Entrepreneur: Eugène Badjang et Samuel Bito
Country: Cameroon
A propos:

Le Comptoir fermier is a company that transforms and distributes processed and unprocessed meat in Cameroon (Yaoundé and Douala), but also in Gabon (Libreville). This young company is characterized by its respect of product quality criteria and customer service.

THE ENTREPRENEUR

Le Comptoir fermier was founded in 2018 by Eugene Badjang and Samuel Bito. The founders are both Cameroonian and have local and international professional experience.

PARTNERSHIP WITH I&P

Le Comptoir fermier is supported by I&P through I&P Acceleration in Sahel. The main objective of this project is to increase the company's production capacity, contribute to the improvement of its supply chain and implement a communication strategy.

In portfolio since: 2021

Volaille du Sahel

Sector of activity: Agro-food
Status: Financement d'amorçage
Entrepreneur: Harouna Nouhou Abdoulaye et Ibrahim Mamane Laminou
Country: Niger
A propos:

Volaille du Sahel is a start-up that produces and sells hallal meat (chicken, guinea fowl, chicken derivatives) in Niger.

THE ENTREPRENEURS

Volaille du Sahel was created in 2018 by two associates:

  • Harouna Nouhou Abdoulaye: With a Masters degree in business management, he registers years of work experience in telecommunications where he was in charge of marketing and sales management. He then evolved as a zone developer in the Maradi region at Zamani Telecom.                                                                                                                                                                           
  • Ibrahim Mamane Laminou: He holds a master's degree in computer science from Abdou Moumouni University in Niamey and a Master's degree in Management of Information Systems from Sun Yat Sen University in Canton, China. 

PARTNERSHIP WITH I&P AND SINERGI 

Volaille du Sahel is supported by Sinergi and I&P through I&P Acceleration in Sahel. The main objective of this project is to increase the company's production capacity, contribute to the improvement of its supply chain and implement a communication strategy.

 

About Sinergi Niger

SINERGI S.A. is a private investment company created in 2006 and supported by I&P with a group of key individual and institutional shareholders in the Nigerien and international SME support landscape. Headed by Ibrahima Djibo, its objective is to contribute to the economic and social development of Niger through the promotion of entrepreneurship and the development of SMEs. SINERGI S.A. provides the means for entrepreneurs in Niger to achieve their growth projects by providing long-term financing and local support.  → Find out more about Sinergi​

In portfolio since: 2021

Malakass

Sector of activity: Agro-food
Status: Investissement en capital
Associed fund: Miarakap
Entrepreneur: Houssen MEBOBALY
Country: Madagascar
A propos:

Malakass is a young company whose mission is to contribute to the development of the cassava farming industry in the Atsimo-Andrefana region of Madagascar, thanks to the installation of a standard factory, allowing the transformation of cassava into high quality, bio and fair trade certified flour. The product is intended for both the local and international markets, in particular the major European importers, who are in demand for this high value-added product, which is gluten-free and used in both bakery and pastry-making.Malakass is a young company whose mission is to contribute to the development of the cassava farming industry in the Atsimo-Andrefana region of Madagascar, thanks to the installation of a standard factory, allowing the transformation of cassava into high quality, bio and fair trade certified flour.

The product is intended for both the local and international markets, in particular the major European importers, who are in demand for this high value-added product, which is gluten-free and used in both bakery and pastry-making.

 

The entrepreneur

Malakass is led by Houssen MEBOBALY, a graduate of INSEEC after a dozen years of study in France. After starting his career at BNP Paribas, he returned to Madagascar in 2019 to start his own business.

Struck by the under-valued potential of the cassava industry in his native region, while cassava flour consumption is rapidly increasing in Europe, he decided to add value by transforming it into high quality flour.

 

Partnership with I&P

I&P committed alongside with Malakass to:

  • Fund the acquisition of the production line and the supply vans
  • Fund the construction of the plant
  • Fund the working capital requirements and ensure a minimum cash flow for the company during its first two years
  • Support the company in structuring the supply through the research of subsidies, the implementation of certifications, training and support for producers ...
  • Provide strategic and operational support

 

 

Impacts

  • Creation of direct and indirect jobs
  • Securing and diversification of outlets for the farming communities
  • Accompaniment, training and skills development for local farming communities and Malakass employees
  • Improvement of income and living conditions of more than 200 producers
  • Development and structuring of an eco-responsible agro-industrial sector (certifications, biomass, solar energy, etc.)
  • Promotion of sustainable cultivation practices
  • Contribution to national food self-sufficiency

 

 

Read More : Press release

 

In portfolio since: 2021

CassVita

Sector of activity: Agro-food
Status: Financement d'amorçage
Entrepreneur: Nembu Milton et Pelkins Ajanoh
Country: Cameroon
A propos:

Based in Limbé, in the west of Cameroon, CassVita is a young company specialized in the production and transformation of cassava. The company produces Watafufu powder, a dish consumed in most regions of Cameroon and Nigeria, and is developing cassava and modified starch-based pastry flour.

THE ENTREPRENEUR

The company is led by two entrepreneurs, Nembu Milton and Pelkins Ajanoh.

Born and raised in Limbe where he did his primary and secondary studies, Nembu Milton went to the Ecole Nationale Supérieur des Travaux Publics from where he graduated as a Public Works Engineer. Before the CassVita adventure, Nembu Miltona previously had a business experience marked by the launch of a restaurant called Mr. Restaurant Chaba.

A graduate of the Massachusetts Institute of Technology (MIT) and Havard Business School in the United States, Pelkins Ajanoh has received several recognitions for innovation and leadership including the 2015 Guistwhite Scholarship, an academic and leadership award given to only fifteen students in the United State.

PARTNERSHIP WITH I&P

CassVita is supported by I&P through I&P Acceleration in Sahel, funded by the European Union. The funding and support aims to help the company increase its production capacity, improve its supply chain and implement a new marketing strategy.

In portfolio since: 2021

Kokuma

Sector of activity: Agro-food
Status: Investissement en capital
Entrepreneur: Jean-Paul Yoda
Country: Burkina Faso
A propos:

Kokuma is an industrial unit for processing paddy rice into whole white rice, broken rice and rice bran in Burkina Faso.  It is one of the best paddy rice processors on the Bagré plain, with a daily processing capacity of 30 tons of paddy. The company obtains its paddy from a network of more than 200 producers in some 20 groups.

THE ENTREPRENEUR

Kokuma is an initiative of the diocese of Tenkodogo, represented by Father Jean-Paul Yoda. Before managing Kokuma, he was the manager of the store of the minor seminary of Baskouré for about four years and also conducted personally during his young age, the breeding of pigs and poultry that allowed him to build up small savings to contribute to his schooling. As he likes to repeat, entrepreneurship is not primarily done to get rich, but to improve the living conditions of man and every man.

SINERGI BURKINA'S CONTRIBUTIONS

The company is accompanied by Sinergi Burkina (capital investment).  The partnership aims to :

  • Increase qualitatively and quantitatively the company's offer 
  • Diversify the customer portfolio 
  • Establish the basis for an organizational and accounting structure of the company 
  • Create impact through the structuring of strong and organized producers' cooperatives

EXPECTED IMPACTS

  • Formalizing and securing jobs 
  • Improvement of health and safety measures at work 
  • Creation of new jobs 
  • Valuation of local products 
  • Establishment of good governance 
  • Payment of taxes and social contributions

 

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: 2021

Distrib Concept

Sector of activity: Agro-food
Status: Financement d'amorçage
Entrepreneur: Inoussa Sorgho
Country: Burkina Faso
A propos:

 

Distrib Concept is a Burkinabe agribusiness start-up that aims to revolutionize the way agricultural products are preserved. Its solution: to dry and then grind leaves and vegetables into spices and broths in order to extend their shelf life beyond one year. The company produces and then markets dried vegetables, spices and instant broths in sticks of 2 to 3 grams marketed under the brand Leila. This ingenious solution allowed the company to finish in second place in 2020 at the Pierre Castel Innovation Award.

 

THE ENTREPRENEUR

Distrib Concept was created in 2016 by Inoussa Sorgho, a former civil service executive. Holder of a master's degree in Economic Sciences and Management of Enterprises and Organizations (EGEO), his commitment and dynamism, have earned him several laurels:

  • Winner of the Castel 2020 prize
  • Best Packaging Award at JAAL 2019
  • Silver medalist at the Pan-African Mathematics Olympiad 2002

 

SINERGI BURKINA'S CONTRIBUTIONS

Distrib Concept is supported by Sinergi Burkina through  I&P Acceleration in Sahel whose objectives are :

  • Strengthen the annual production capacity
  • Strengthen the accounting and Management Information System (MIS)
  • Diversify the clientele and products
  • Support HACCP certification

EXPECTED IMPACTS

  • Formalization and securing of jobs
  • Creation of new jobs
  • Valuation of local products
  • Establishment of good governance
  • Payment of taxes and social contributions

 

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: 2021

SALMA

Sector of activity: Agro-food
Status: Financement d'amorçage
Entrepreneur: Nafissa Hamidou ABDOULAYE
Country: Niger
A propos:

Salma is a company specialized in agro-industry. It produces feed for livestock (sheep, cattle, goats) based on fodder, agro-industrial products and minerals.

THE ENTREPRENEUR

Salma was created by Mrs. Nafissa Hamidou ABDOULAYE. She holds a state diploma in midwifery and a higher technician diploma in public health, a bachelor's degree in epidemiology and biostatistics and a master's degree in project management. She benefits from the expertise and permanent technical support of INRAN researchers in the implementation of her project.

 


ABOUT SINERGI 

SINERGI S.A. is a private investment company created in 2006 and supported by I&P with a group of key individual and institutional shareholders in the Nigerien and international SME support landscape. Headed by Ibrahima Djibo, its objective is to contribute to the economic and social development of Niger through the promotion of entrepreneurship and the development of SMEs. SINERGI S.A. provides the means for entrepreneurs in Niger to achieve their growth projects by providing long-term financing and local support.  → Find out more about Sinergi

 

 

ABOUT USAID PROGRAM

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

 

In portfolio since: 2018

Sahel Délices

Sector of activity: Agro-food
Status: Financement d'amorçage
Entrepreneur: Rockya BACHIR
Country: Niger
A propos:

 

Sahel Délices is a company specialized in the production and marketing of food products (juices, herbal teas, jams, etc.) made from local raw materials from Niger. Juices made from local plants such as bissap or baobab are the company's flagship products.

 

THE ENTREPRENEUR

Sahel Délices was founded by Ms. Rockya Bachir. She holds a master's degree in management with an option in quality and change and another master's degree in finance and banking from the Institut Supérieur de Management. She received practical training in food processing for "family consumption" in Senegal and is part of the 15th promotion of the UEMOA Talent du Monde program in Brittany.

 


ABOUT SINERGI

SINERGI S.A. is a private investment company created in 2006 and supported by I&P with a group of key individual and institutional shareholders in the Nigerien and international SME support landscape. Headed by Ibrahima Djibo, its objective is to contribute to the economic and social development of Niger through the promotion of entrepreneurship and the development of SMEs. SINERGI S.A. provides the means for entrepreneurs in Niger to achieve their growth projects by providing long-term financing and local support.  → Find out more about Sinergi

 

ABOUT PACE PROGRAM 

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

 

In portfolio since: 2018

Syn’el

Sector of activity: Agro-food
Status: Financement d'amorçage
Entrepreneur: Ella Assié
Country: Ivory Coast
A propos:

Syn'el is a company specialized in the artisanal production of sorbets on sticks under the Paletas brand, made from entirely natural juices. In Côte d'Ivoire, Syn'el is the only producer of natural sorbets. The company has 6 flavours according to the seasons and 2 product ranges.

THE ENTREPRENEUR

Syn'el was founded in 2017 by Ella Assié, a young entrepreneur who graduated from the University of South Africa in management and cost accounting after obtaining a certificate in Accountability at the Abidjan School of Information and Management. She has also worked for several years as a consultant, assistant and administrative and financial manager in various organisations.

CONTRIBUTION OF COMOE CAPITAL

The I&P Acceleration in Sahel program, implemented in Côte d'Ivoire by Comoé Capital, will enable Syn'el to relaunch its activities, develop a product marketing strategy and increase its production capacity. The company will also benefit from the support of several consultants who will provide marketing and sales support.

In terms of impact, the company expects to create 9 new jobs by 2022.

 

ABOUT COMOE CAPITAL

Comoé Capital is the first impact investment fund dedicated to the financing and support of Ivorian SMEs and start-ups. Headed by Issa Sidibé, Comoé Capital is the fifth African 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), Burkina Faso (Sinergi Burkina), Senegal (Teranga Capital) and Madagascar (Miarakap). →Site of Comoé Capital.

 

In portfolio since: 2020

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