PEG completes $7.5 million round to expand activities in Africa

 

Accra, Ghana –  PEG, the leading off-grid solar company in Ghana, announced today that it has closed a $7.5 million Series A round.  The funding will be used to expand operations in Ghana, build out the management team, and to enter Ivory Coast.

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Delta Irrigation signs a new contract in the agro-industry sector

 

The Senegalese company Delta Irrigation signed, in partnership with Kulkier, a new contract with the company West Africa Farms. 

Founded in 2010, West Africa Farms is an agro-industry company based in Saint-Louis region in Senegal specialized in the production and export of vegetables (mainly onions and salads). Delta will furnish irrigation equipment and services to the company. 

 

 

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Portrait: Catherine Krobo-Edusei, Founder of Eden Tree in Ghana

 

Catherine Krobo-Edusei is the founder and managing director of Eden Tree, a Ghanaian company specialized in the production and marketing of fresh fruits and vegetables. She started the company in 1997, on her return to Ghana from the UK, where she worked in the banking sector for ten years after graduating in Business Administration at Camden College.

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ACEP Burkina opens a new agency

 

ACEP Burkina is a microfinance institution launched in 2013 that rapidly made its ways in the microfinance sector in Burkina Faso. The company, which targets urban and peri-urban entrepreneurs in Burkina Faso has experienced a rapid and strong growth.

 

ACEP has opened a new agency last December in Koudougou, the third largest city of the country. The agency already counts about 130 clients at the end of the first 2016-quarter.

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Launch of Lead Campus, a training program dedicated to African entrepreneurs

 

LeAD Campus is an ambitious certifying training programme designed for African leaders from the private, public, and non-profit sectors to support the needs identified on the African continent. Initiated by Africa France, the program's operational implementation will be ensured by a consortium of world leading universities: Sciences Po (France), ISM (Senegal), the Graduate School of Development Policy and Practice (South Africa) and the CEFEB (from French Development Agency)

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The company CAMED moves into a new building

The pharmaceutical distributor CAMED, based in Mali and managed by Malick Sy, inaugurated its new building last December.

CAMED is the first company supported by I&P, from 2003 to 2010. I&P has notably supported the company in the construction of its first warehouse. Since then, the company has grown considerably and has become the third largest pharmaceutical distributor in Mali and the leader of the generics market.

 

 

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IOT finalizes a first sale of sea cucumbers

 

The Madagascan company IOT, founded in 2012 by Jaco Chan Kit Waye and Olivier Méraud and specialized in the breeding of sea cucumbers, has recently closed its first exportation.

IOT has developped, in partnership with a local team of scientists, a new growing technique of sea cucumbers in Madagascar, pursuing a twofold objective, both social and environmental. Through this activity, IOT generates additional income for the fishing communities and contribute to reduce overfishing.

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