Fenel

Sector of activity: Textile
Status: Investissement en capital
Entrepreneur: Angéline TRAORE YOUGBARE
Country: Burkina Faso
A propos:

Fenel produces and markets fashion accessories (fitted accessories, ordinary sewing accessories and leather goods accessories) from local fabrics woven in Burkina Faso (Faso Danfani). 

 

THE ENTREPRENEUR

Fenel was founded in 2019 by Angéline TRAORE YOUGBARE, who before creating the company, worked for 10 years as manager and main designer at Nagteedo Création, a company specialized in fashion and pearl jewelry. Passionate about fashion since 2007, it is in 2019 that she started to develop local woven loincloths such as the Faso Dan fani.

 

CONTRIBUTION OF SINERGI BURKINA

Fenel is supported by SINERGI BURKINA as part of the I&P Acceleration program in Sahel. The main objective of this partnership is to :

  • Increase production capacity and product quality
  • Diversify the company's products by launching a range of ready-to-wear products made from Faso Danfani
  • Set up an internal accounting system kept by a professional
  • Strengthen the sales force and the visibility of the company 
  • Restructuring the company and strengthening its management system

 

EXPECTED IMPACTS

  • Consolidation of 7 existing full-time jobs and creation of 6 new formal jobs for young people and full-time women
  • Contribution to the national economy through the payment of taxes to the tax authorities
  • Increased revenues for Faso Danfani loincloth weavers
  • Creation of a strong added value through the valorization of local products
  • Reducing imports of fashion accessories and strengthening exports

 

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: 2020

TROPIC 105

Sector of activity: Textile
Status: Investissement en capital
Entrepreneur: M. Moussa Cissé
Country: Ivory Coast
A propos:

Created in 2005, Tropic 105 is a clothing company under the brand name Ciss St Moïse. For 30 years, the promoter has been promoting African fashion and has established itself as a key player in the clothing sector. The company has 4 shops open in 3 boroughs of Abidjan.

THE ENTREPRENEUR

Holder of a degree in history and geography, M. Moussa Cissé began his career as a history and geography teacher. In 1989, he launched his custom-made clothing business. In addition to being the manager of the haute couture house Ciss St Moïse where he makes ready-to-wear and made-to-measure clothes, he is also the promoter of the N'ZASSA MODE festival organised in Ivory Coast since 2014.

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: 2019

PRINCE DESSUTI INTERNATIONAL

Sector of activity: Textile
Status: Investissement en capital
Entrepreneur: Marcel OUEDRAOGO
Country: Burkina Faso
A propos:

PRINCE DESSUTI INTERNATIONAL is a sole proprietorship operating in the textile and clothing sector. PRINCE DESSUTI is a clothing brand that has established itself on the national and international market and has won several distinctions by offering several types of garments sewn to measure and at the customer's request, or in ready-to-wear.

THE ENTREPRENEUR

Marcel OUEDRAOGO is passionate about styling, fashion and creation. After several years of apprenticeship in sewing workshops in Burkina Faso, he decided to launch his own brand PRINCE DESSUTI INTERNATIONAL in 2001 under the label Prince D.

Since 2016, Mr OUEDRAOGO has been the president of the Union des Professionnels du Textile et de l'Habillement du Centre (UPROTEX-HAC), a cluster which aims to promote African textiles in general and Faso Danfani in particular. This internationally renowned designer, like other designers and fashion creators, turned to couture out of necessity and discovered a passion that allows him to impose himself today and promote the culture of Burkina Faso. He participates in several training courses and exhibitions nationally and internationally.

CONTRIBUTIONS OF SINERGI BURKINA

The objectives of the partnership are to :

  • Contribution to the marketing and sales effort
  • Reinforcement of the production capacity
  • Organizational capacity building

IMPACTS

  • Consolidation of more than 40 full and part-time jobs
  • Improvement of employee income and contribution to the national economy
  • Valorization of local production

 

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

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: 2020

Niger Chaussures

Sector of activity: Textile
Status: Investissement en capital
Entrepreneur: Abdou ALASSANE
Country: Niger
A propos:

Niger Chaussures is an artisanal company which has a manufacturing and marketing unit of high-end city shoes produced from tanned leather.

THE ENTREPRENEUR

Abdou ALHASSANE began his studies up to high school, which he left to start the craft activity at a very young age. He thus started to produce shoes for men that he exhibited in his workshop located in the artisanal village of Niger. After several trainings, he improved the design of his products and integrated other models including one for women in his product range.

 


ABOUT

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

Ultramaillle

Sector of activity: Textile
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Frederic Wybo
Employees: 900
Country: Madagascar
A propos:

 

Created in 1998, Ultramaille is a textile factory specialized in mid- and high-end fashion knit wear.

The factory produces on average 400 000 sweaters per year. Its customers include brands such as Sandro, Ekyog, Woolworth, Armor Lux…

 

THE ENTREPRENEUR

ULTRAMAILLE was created by Frédéric Wybo, Managing Director of the company. Frederic lives in Madagascar for more than 20 years and benefits from an extensive experience in the textile industry.

Frédéric Wybo is also Chairman of the board of Solidis Garantie, a surety company based in Madagascar, and associate member of Malagasy Association of Private-Equity Investors.

Frederic is deeply involved on environmental and social issues, which is reflected in the management of the company.

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PARTNERSHIP WITH I&P 

I&P committed alongside with Ultramaille to:  

• Reinforce the working capital of the company to finance the purchase of raw materials

• Support the company to expand its range of products

• Work on the launch of a new brand of tailor-made cashmere sweaters sold online

 

IMPACTS 

• Creation of many qualified jobs, mostly for women

• Develop the work with local producers

 

 

In portfolio since: 2016
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