TECO²

Sector of activity: Industry
Status: Financement d'amorçage
Entrepreneur: Calvin Tiam
Country: Burkina Faso
A propos:

Toiture Economique et Ecologique (TECO²) is a startup created in 2018 that aims to promote green growth in Burkina Faso and Africa through the recycling and valorization of plastic waste. The company produces and markets furniture, roofing and beacons made from recycled plastic waste.

THE ENTREPRENEUR

TECO² was created by Calvin Tiam, an engineer in Industrial Process Engineering and Renewable Energies, who graduated in 2012 from the International Institute of Water and Environmental Engineering (2iE) in Ouagadougou. Calvin Tiam is convinced that entrepreneurship is nowadays the right solution for the economic emergence of developing countries, and has set himself the mission of transforming used plastic bags.

Thanks to his commitment , his company has been able to distinguish  during multiple competitions. His rewards :   

  • Winner of the 1st Prize (Diamond Prize) of the TREMPLIN START-UP UEMOA Competition and best start-up in the UEMOA Community space (December 2020)
  • Winner of the SITRA Prize in the category of the most inspiring solutions of innovations in circular economy worldwide (September 2019)
  • Winner of the Switch Africa Green - SEED Award 2017 organized by the UNEP program with the support of the European Union (July 2017)
  • Winner of the 1st Prix Jeunesse de la Francophonie 35<35 in the Social Entrepreneurial category (October 2016)

 

PARTNERSHIP WITH I&P AND SINERGI BURKINA

TECO² benefits from I&P Acceleration in Sahel, which is implemented in Burkina Faso by Sinergi Burkina sponsored by I&P. The support will allow the company to : 

  • Strengthen its production capacity
  • Secure the supply of raw materials 
  • Strengthen the sales and marketing function
  • Strengthen the structure and the management system

EXPECTED IMPACTS

  • Ecosystem preservation
  • Creation and consolidation of jobs
  • Contribution to cities  sanitation
  • Establishment of good governance

 

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

SOFACOB

Sector of activity: Industry
Status: Financement d'amorçage
Associed fund: USAID PACE, Sinergi Burkina
Entrepreneur: Dr Céline KOBEANE
Country: Burkina Faso
A propos:

The Société de Fabrication du Coton Burkinabè (SOFACOB) is a company that transforms local cotton fibre into hydrophilic cotton for medical use. Created in 2016, SOFACOB begins to impose itself on a market that was once driven by imports. The company employs about twenty people, 75% of whom are women assigned to packaging tasks.

SOFACOB is accompanied by Sinergi Burkina since 2019 as part of the Partnering to Accelerate Entrepreneurship (PACE) program in partnership with the United States Agency for International Development (USAID).

THE ENTREPRENEUR

SOFACOB was created by Dr Céline KOBEANE, senior pharmacist of the Savannah Pharmacy, and graduate of the University of Ouagadougou. Thanks to her experience, she masters the supply circuit of medicines and medical consumables. After training in China, she aims to put all cotton-based medical consumables on the local medical market.

CONTRIBUTION OF SINERGI BURKINA

The purpose of the accompaniment can be summarized in 3 points:

  • testing new products intended for the mass distribution market
  • structure the company's accounting department
  • strengthen the company's working capital requirement

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). → Sinergi Burkina website.

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 learn more. 

 

In portfolio since: 2016

Carrières et Chaux du Mali

Sector of activity: Industry
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Madani Diallo
Employees: 90
Country: Mali
A propos:

 

Carrières et Chaux du Mali (CCM) is a Malian company specialized in the production and commercialization of quicklime and agricultural lime.

The company has access a high quality landform deposit of more than 70 million tons of raw material in its various forms. This supply will serve gold mining, agriculture, sanitation, and construction industries.

The quarry and the factory are based in Karaga (340 km west of Bamako in the region of Kayes). The company significantly participates to the economic growth of this area: more than 70% of the employees of the production site come from Karaga area.

The products will be offered in Mali and in the sub-region (Côte d’Ivoire, Guinea, Burkina Faso, Senegal, and Ghana).

 

Carrières et Chaux du Mali initially beneffitted from the support of Crossboundary, as part of a partnership set with the US Agency USAID. Crossboundary aims to unlock the power of private capital to impact underserved markets. The firm has broad experience providing opportunity sourcing, due diligence, transaction advisory and investment expertise in sub-Saharan Africa. Crossboundary has provided investment support and contributed to the structuration of CCM. To read more on the partnership with USAID, click here →

 

THE ENTREPRENEUR

Madani Diallo, founder and director of CCM, stands as one the pioneer actors of the gold industry in West Africa. Trained as geochemist and mineralogist, Madani has more than years of experience in the mining sector. He held executive functions in major mining companies such as BHP Billiton and Anglogold Ashanti. He led mining exploration team, leading to the discovery of several gold mines.

Madani is a member of the board of directors of several institutions (Trust Bank in Ghana, International Bank of Burkina Faso)

 

PARTNERSHIP WITH I&P

I&P committed alongside with Carrières et Chaux du Mali to:

• Support the structuration of the company

• Support CCM in obtaining ISO standards 18001 and 14001

 

IMPACTS

• Substitution to imports

• Develop a structuring industry in the country and the sub-region

• Create more than 80 formal jobs

 

In portfolio since: 2016
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