The latest edition of the quarterly magazine « Private Sector and Development » focuses on the issue of African medicine. As recalled by Philippe Abecassis and Nathalie Coutinet in the introduction, access to proper medicine is a major challenge for African countries. The African Continent only accounts for 3% of global output while 95% of the medicines consumed in Africa are imported. In some African countries, counterfeit products represent half of all drugs on the market.
PEG Africa, the leading off-grid solar company in West Africa, is pleased to announce it has successfully raised US$13.5 million through a combination of debt and a Series B equity financing. The proceeds will be used to accelerate growth in Ghana and Ivory Coast, where PEG is already a sector leader, to reach 500,000 people.
I&P works with PEG since 2015 and helps the company to structure and develop its activities in Ghana and in the sub-region.
The European Venture Philanthropy Association (EVPA) launched a new website featuring a set of innovative projects supported by foundations and impact funds. The Senegalese company NEST counts among the ‘’success stories’’ selected by EVPA.
The stories showcase how these companies respond to social and environmental challenges and how those supporting them (foundations and impact funds) have supported these projects in achieving and scaling their social impact.
Each year I&P conducts an in-depth impact study on one of its portfolio companies. This year’s study focuses on ITGStore, an ITC company based in Cameroon. It was conducted by I&P and FERDI (the Foundation for International Development Study and Research).
Nate Heller is the co-founder and director of PEG, a company specialized in the distribution of solar kits in West Africa. He participates on October 10 to the TedxPortBouet conference, gathering 14 speakers with a wide range of profiles (entrepreneurs, artists, journalists, athletes...)
The fund I&P Afrique Entrepreneurs (IPAE), launched in 2012, ends its investment period by realizing a second investment in Mali. IPAE now counts two Malian investees in its portfolio: Carrières et Chaux du Mali and the Société Malienne de Blanchisserie.
Mamadou Sanankoua manages Conergies since 2011, after several years spent in Europe and in Canada for his studies and work. Returning to Côte d'Ivoire, he takes over the family business and actively participates to the development of the company, in partnership with I&P which partners with Conergies in 2012.
PEG won an Ashden Award in 2017 for their innovative approach to pay as you go technology to provide solar energy to West Africa.
Established in 2001, the Ashden Awards are globally recognised as a mark of excellence in the field of green energy.
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