Investisseurs & Partenaires

Investisseurs & Partenaires is an impact investment group focused on supporting small and medium enterprises (SMEs) across Sub-Saharan Africa. Established in 2002 and based in Ouagadougou, Burkina Faso, the organization has invested in over 90 companies in 16 African countries, spanning various sectors such as health, transport, and microfinance. By providing not only capital but also technical and strategic support, Investisseurs & Partenaires aims to foster local value creation and long-term employment while generating significant social, environmental, and governance impacts. The team, led by Jean-Michel Severino, comprises approximately forty professionals operating from both Paris and seven African offices. Through long-term partnerships with entrepreneurs, the organization shares management expertise to enhance business strategies and outcomes.

Nouss Bih

Investment Manager

Sébastien Boyé

Chief Investment Officer

Jérémy Hajdenberg

Executive Vice President of Investments

Past deals in Africa

Lapaire

Venture Round in 2024
Lapaire Glasses Kenya Ltd. is a manufacturer and seller of eyeglasses, including prescription glasses and sunglasses, founded in 2018 and headquartered in Nairobi, Kenya. The company aims to improve access to affordable eyewear for the lower and middle-income populations in Africa, specifically targeting the 550 million people who need eyeglasses but face barriers to obtaining them. Lapaire offers free vision tests through mobile clinics and an online platform, along with 24/7 chat support, free delivery, and flexible payment options. Its services extend to customers in several African countries, including Uganda, Ivory Coast, Burkina Faso, and Mali. By leveraging innovative technology, Lapaire is committed to enhancing eye health and vision for its clients.

iProcure

Series B in 2022
iProcure Ltd operates a supply chain platform focused on optimizing the agricultural input supply chain in rural Africa, particularly in Kenya. Founded in 2012 and based in Nairobi, the company provides a comprehensive solution that combines business intelligence, data-driven stock management, and an efficient procurement and distribution system. Its web and mobile technology enables agriculture retailers to manage ordering, inventory, and point-of-sale operations while analyzing client profiles and purchasing patterns. This platform enhances retailers' ability to predict demand and improve inventory management, ultimately streamlining distribution and enhancing customer service. Additionally, iProcure offers warehousing and storage facilities, ensuring that products reach the end consumer effectively.

Zeepay

Series A in 2021
Zeepay Ghana Limited is a Ghanaian mobile financial services company that specializes in providing integrated mobile payment solutions. Headquartered in Accra, the company operates a mobile money payment application that facilitates a variety of services, including mobile payments, cellular airtime top-ups, bill payments, domestic and international money transfers, and bank account linking with mobile wallets. Zeepay aims to serve both the unbanked and banked populations, promoting financial inclusion and easing transactions for its users. The platform acts as an aggregator, connecting various payment platforms, banks, merchants, and mobile network operators, thereby streamlining multiple payment transactions on a single platform. Additionally, Zeepay offers cash-in and cash-out services, peer-to-peer payments, and loyalty services, enhancing the overall customer experience in the digital financial landscape.

XpressGas

Venture Round in 2021
XpressGas Limited operates in the liquefied petroleum (LP) gas sector in Ghana, focusing on the marketing and distribution of LP gas to a diverse clientele, including industries, public institutions, and commercial consumers. The company provides a range of services, including operational management for mini-refilling plants, bulk hauling, and transportation for oil marketing and LP gas companies. XpressGas also manages a fleet of bulk haulage trucks, facilitating the delivery of LP gas through various channels such as refilling stations, consumer service stations, and cylinder depots. The firm aims to offer environmentally friendly LP gas solutions, catering to both households and businesses, while promoting access to cleaner energy alternatives to traditional wood fuel. Based in Tema, Ghana, XpressGas is committed to bridging the energy gap in the region.

StarNews

Seed Round in 2020
StarNews Mobile is a digital platform that specializes in creating, producing, and distributing video content for mobile subscribers. Founded in 2017 and headquartered in Santa Monica, California, the company operates in multiple African countries, including Ivory Coast, Cameroon, the Democratic Republic of the Congo, and South Africa. It offers a subscription-based streaming service that empowers African content creators by providing tools to monetize their digital content. The platform connects these creators with local and global audiences, facilitating a sustainable income through a fair payout system. StarNews aims to unlock the potential of Africa's creative sector by making affordable streaming accessible to mass-market consumers and enhancing the connection between creators and their fans with features such as exclusive content and flexible payment options.

New Crystal

Venture Round in 2020
New Crystal Group Limited, founded in 2003 and headquartered in Ashaiman, Ghana, delivers a wide array of health care services specifically designed for the urban poor. The organization serves over 250,000 clients annually and has established itself as a national leader in the sector. Its comprehensive offerings include laboratory and diagnostic services, pharmacy, obstetrics and gynecology, emergency care, prosthetics, maternity services, offshore medical fitness certification, orthotics and bracing, ENT, physiotherapy, dietetics, pediatrics, family practice, dental care, ambulance services, and clinical psychology. This diverse range of services aims to address the health care needs of clients and their families effectively.

Rensource

Venture Round in 2020
Rensource is an innovative energy company focused on providing financial services related to renewable energy. It offers a business model that enables companies across Nigeria and West Africa to sell Power-as-a-Service (PaaS) to their customers. Rensource generates electricity through small solar-hybrid systems installed at customer locations. The company operates with an internal financing structure that supports the deployment of these systems and manages monthly collections from customers. By facilitating access to decentralized solar energy, Rensource aims to enhance the productivity of small and medium-sized enterprises (SMEs) in the region while promoting the use of clean energy sources. Its overarching mission is to position Nigeria as a leader in distributed renewable power generation.

PEG

Series C in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

PEG

Series C in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

Afribon

Venture Round in 2018
Afribon Ltd is a company that designs, produces, and markets food flavors tailored for the food and beverage processing industry. Founded in 2012 and based in Kikuyu, Kenya, Afribon offers a diverse range of flavors applicable in food service, confectionery, baked goods, and dairy products, as well as seasonings and dry blends for snacks. The company emphasizes understanding regional market preferences to create flavor compounds that enhance the customer experience. Afribon supports manufacturers in various stages, including new product development, recipe adjustments, and initial production setup. In addition to its headquarters in Kenya, Afribon has offices in Uganda, Cameroon, Rwanda, and Tanzania, allowing it to cater to a broader market across East Africa.

CoinAfrique

Series A in 2018
CoinAfrique is a mobile application that facilitates the buying and selling of second-hand goods in Francophone Africa. Founded in 2014 and headquartered in Dakar, Senegal, with additional offices in Benin, Ivory Coast, and France, the platform serves as a classifieds service, allowing users to post and browse advertisements on both mobile devices and the web. CoinAfrique connects individual sellers and buyers, enabling them to engage in transactions for goods and services efficiently. The application aims to create a leading audience in the French-speaking market by making it easy for users to find what they need within minutes.

Chicky

Venture Round in 2018
Chicky is a fast food company based in Antananarivo, Madagascar, specializing in chicken dishes. Founded in 2017 by Yohann Cattiau, a French entrepreneur, Chicky aims to establish itself as a prominent player in the fast food sector in the country. The company operates three restaurants: the first opened in June 2017 in the Behoririka district, followed by a second location in Analakely in January 2018, and a third in the Gallery Urbania by Analakely in October 2018. Chicky offers a variety of fried chicken dishes and other fast food options to its customers.

clinique procrea

Venture Round in 2018
clinique procrea specializes in the field of reproductive health and is the leader in Côte d'Ivoire for Medically Assisted Reproduction (MPA), a technique that allows people who have difficulty having a child to successfully give birth.

PEG

Series B in 2017
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

COGELEC ENERGY

Venture Round in 2017
COGELEC ENERGY is a company specializing in electrical work, rural electrification, and the supply, installation and maintenance of electrical and hydraulic equipment, throughout the territory of Senegal.

Malian Laundry Society

Venture Round in 2017
Malian Laundry Company is a Malian company providing a complete linen maintenance service for hotels in Bamako.The company collects, cleans and delivers flat linen for its customers (bed linen, aprons, sponges, table linen, bath towels, etc.). The company has solid references and counts among its customers the largest hotels in Bamako, notably Azalaï, Radisson and El Farouk.

Sahel lab

Venture Round in 2016
Sahel Lab is a Nigerien laboratory that prepares mining samples for exploration actors in the country (uranium, gold) and conducts chemical, hydrologic and environmental analyses for other actors including large NGOs. Sahel-Lab was co-founded by SINERGI in 2009, after the entrepreneur M. Takoubakoye applied for a business plan competition organized by SINERGI in 2008. SINERGI invested €67,000 in Sahel Lab, taking a minority equity position and providing a long-term shareholder’s loan. Sahel-Lab has grown its activity exponentially since 2011. Today, Sahel-Lab is the leading mining laboratory in Niger, accredited ISO 17 025 and realizing 100% of the samples preparation needs of the main players in mining exploration (Gazprom, Global Uranium, etc.). Sahel-Lab has created 18 trained jobs so far and plans to grow additional mining services in the years to come.

PEG

Series A in 2016
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

PEG

Series A in 2016
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

Careers and Lime of Mali (CCM)

Venture Round in 2016
Careers and Lime of Mali (CCM) is a Malian company specialized in the production and marketing of quick lime and agricultural lime.

Tincy Boulangerie

Private Equity Round in 2015
Tincy Boulangerie is an industrial bakery that produces and distributes bread to consumers in Cotonou. It distributes its product through a shop, a network of 24 kiosks, more than 50 shopkeepers and professionals from hostelry and restauration sectors. The bakery is launched in 2009. Initially conceived as a simple marketing exercise, the project proved to be a real success. In 2010, the turnover of the bakery exceeded the one of the consulting firm. Gatien Adjaboni is deeply involved in this new activity and has notably launched the National Association of Bakers of Benin, which gathers a dozen of professionals and represents to this day the only union in the sector.

PEG

Venture Round in 2015
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

Eden Tree

Venture Round in 2015
Eden Tree is a producer and distributor of high-quality fresh vegetables, fruits, and herbs in Ghana. The company aims to promote healthy eating habits by engaging in the production, hygienic packaging, and distribution of a diverse range of products, including cabbage, capsicum, and broccoli, along with various spices. By focusing on quality and safety, Eden Tree provides Ghanaian consumers with access to fresh and properly packaged food products at competitive prices.

Banque de Développement des Comores

Venture Round in 2014
Banque de Développement des Comores, established in 1982, is a development bank aimed at fostering economic growth in the Comoros. It was founded with the support of the Union of the Comoros, the French Agency for Development, and the European Investment Bank. The bank primarily focuses on financing medium-term production activities to stimulate investment and development in the region. After facing significant challenges in its early years, the bank underwent a transformation in 2008 with the help of a technical assistance mission funded by the French Agency for Development, which led to the implementation of a new credit policy. Since 2010, the bank has achieved profitability and has expanded its operations, enhancing its role in the Comorian economy through traditional banking services while staying committed to its core mission of promoting investment.

Legeni

Venture Round in 2014
LEGENI is the first private laboratory for geothermic and environmental studies in Niger. These studies (materials and sands tests, environmental impacts studies) are essential for the professionalization of the country construction field. Until 2006, Niger had only one public under-equipped laboratory. Since its creation in 2004, LEGENI took a leading position thanks to the quality of its equipments and services. The company grew quickly mainly due to mineral investments in the north of the country.

Trianon Homes

Venture Round in 2014
Trianon Homes is a real estate development company based in Libreville, Gabon, specializing in the construction of residential and infrastructure projects across Africa. The company operates primarily in major cities including Dakar, Abidjan, Cotonou, Douala, and Libreville. Trianon Homes emphasizes meticulous site selection and adheres to high construction standards, ensuring attention to detail throughout every phase of project design and execution.

Acep Burkina

Venture Round in 2013
ACEP Burkina is a MFI specialized in the financing of micro companies and very small enterprises existing in towns and close suburbs. Granted credits are mainly used to finance required working capital and investments. I&P and ACEP International which are old partners have decided to partner in 2008 to try to start a microfinance institution like ACEP in the country. In spite of a preexisting important mutual fund present in town zone, small entrepreneurs remain hardly linked to microfinance. Besides, it does not exist for the moment in Burkina Faso, a microfinance institution specialized in individual credit with an effective and appropriate technique of credit risk analysis towards very small companies. Financings trough subventions have been secured from the French Agency of Development then an agreement has been obtained from the ministry of finances in June 2012. The microfinance institution has started its activities in October 2012.

Carrières du Moungo

Venture Round in 2013
Carrières du Moungo SA is a company based in Douala, Cameroon, that specializes in the production and sale of sand, crushed gravel, and ready-mix concrete. It operates three sites where it extracts and distributes high-quality raw materials essential for construction projects in the region. Through its operations, Carrières du Moungo plays a significant role in supporting the construction industry in Cameroon by providing reliable and durable building materials.

Bakou Logistics

Venture Round in 2013
Bakou Logistics S.A. is a logistics service provider based in Bobo-Dioulasso, Burkina Faso, specializing in a comprehensive range of transport and customer-specific logistics services throughout West Africa. Established in 2006, the company offers cargo transportation, fleet services, bulk and tanker services, as well as value-added services including warehousing and distribution. Bakou Logistics focuses on optimizing transport and supply management for its clients, ensuring quality, safety, efficiency, and durability in its operations. The company employs advanced information systems and geolocation technology for real-time tracking of trucks and goods, while prioritizing security to enhance service reliability and client satisfaction.

Delta Irrigation

Venture Round in 2012
Delta Irrigation SA, established in 2012 and based in Saint-Louis, Senegal, specializes in the design, manufacture, and marketing of hydraulic systems for the agriculture industry. The company offers a range of products including pumps, filters, pivot systems, and sprinklers, all aimed at enhancing irrigation and water treatment processes. In addition to product sales, Delta Irrigation provides education, installation, and maintenance services, helping clients optimize water usage for agricultural purposes. Through its comprehensive approach, the company supports efficient water management in the region's farming practices.

Sofamac

Venture Round in 2012
Sofamac SA is a manufacturer based in Dakar, Senegal, specializing in the production of terracotta tiles and clay bricks. Founded in 2012, the company focuses on producing clay construction materials primarily for local use. With a commitment to quality, Sofamac aims to meet the demands of the construction industry in its region.

Nutrizaza

Venture Round in 2012
Nutrizaza SA, a social company, develops a network of baby restaurants, hotelin-jazakely. The company also sells baby food completing mother’s milk, Koba Aina, to the maximum of families, mainly poor families. The company was founded in 2012 and is based in Madagascar.

Acep Madagascar

Venture Round in 2012
ACEP Madagascar SA is a prominent microfinance institution based in Antananarivo, Madagascar, established in 2009. It focuses on providing financial services such as credit, savings, and insurance to micro companies and small to medium-sized enterprises (SMEs) that are often excluded from traditional financial systems due to their non-solvability. As one of the oldest microfinance institutions in the country, ACEP Madagascar operates a network of six regional branches and 42 agencies, which facilitates access to its financial products for a diverse customer base. In addition to financial services, ACEP Madagascar also offers mutual health benefits and money transfer services, contributing actively to the economic development of the region by enabling clients to grow their businesses efficiently.

CDS

Venture Round in 2011
Established in 1980, CDS is a corporate citizen that works for everyone's access to water and electricity services. CDS offers optimized solutions via renewable energy, from the stand-alone kit to custom hybrid systems. Through effective collaboration with its partners and customers, and constant concern for the quality and viability of installed systems, CDS carries out sustainable projects. Leader in solar energy in Mauritania, it works on three complementary activities: Delegation of public services in rural areas Supply and installation of solar kits for access to water and electricity for household and collective use Implementation and follow-up of works

Fides Microfinance Senegal

Venture Round in 2011
Fides Microfinance Senegal is a microfinance institution dedicated to offering financial services to both urban and rural populations in northern Senegal. With its headquarters in St. Louis, the institution provides a range of services, including solidarity and individual loans, savings, insurance, and mobile banking. It has established offices in Luga and Touba, with plans to open an additional agency annually in the northern region, which currently has limited financial offerings compared to Dakar. Fides Microfinance focuses on supporting previously unbanked micro-entrepreneurs, helping them to develop self-employment strategies. Additionally, the institution specializes in financing small agricultural equipment, such as motor pumps and irrigation systems, contributing to the growth of local economies. With the backing of FIDES consultants, Fides Microfinance aims to strengthen microfinance initiatives in rural areas.

Fides Bank Namibia

Venture Round in 2010
FIDES BANK Namibia is a microfinance institution (MFI) in Namibia which has started its operations in early 2010. It is the only true MFI in the country. The bank has taken over the activities of a microfinance program developed on a small scale since 2005. FIDES, as a microfinance operator, has specific expertise in the startup and management of private microfinance institution involved in rural areas. I&P is one of the founding shareholders of FIDES BANK Namibia, which has chosen to operate with a commercial bank status, becoming the fifth largest bank. Namibia displays a particularly harsh context to develop microfinance activities, especially in rural areas, due to the very low population density and high costs associated with the deployment of services. The bank started its activities in the Northern region of Namibia where population is moderately low which was completely unserved by financial and banking institutions.

CAT Logistics Niger

Venture Round in 2010
CAT LOGISTICS performs customs clearance and freight transport. The company manages goods and shipping from their arrival in one of the sub-regional ports directly to the client. It has subsidiaries in the three coastal countries of the region: Cotonou in Benin, Tema in Ghana and Lome in Togo. CAT LOGISTICS has experienced very rapid growth in business volume since 2008, supported by major contracts including AREVA and the World Food Program (WFP). It operates in a particularly buoyant market with oil and mining large-scale investments. It is the only Nigerian-founded company of this size that remains independent from international firms. In 2013-2014, CAT partnered with the UN for the peace keeping mission in Mali. The company loaded equipment, vehicles and over goods from Abidjan port in Ivory Coast to the Niger River and Gao in Mali.

Nomad

Venture Round in 2009
NoMAD (Le Nouveau Modèle Africain de Distribution), imports goods and offers a wholesale self-service to professionals in Benin. Nomad is now the main provider for traditional groceries and local minimarkets. In 2008, Nomad signed a master-franchise agreement with the French distribution group Casino. Since then, it undertakes the brand implementation in local stores in Benin. Nomad found its place in a market shared between family monopoles destined to the upper-class and the expatriates on one hand and informal corner shops on the other.

KAWTAL N DEMRI SA

Venture Round in 2009
Kawtal is an agribusiness company based in Cameroon, specialized in corn production. In 2009, I&P acquired 40% of SAGEX, an agribusiness company producing corn on a fully-mechanized and rationalized processing plant. In 2014, Sagex merged with Kawtal Ndmeri, a neighboring exploitation in order to double the production and start processing baby feeding flours. Though agriculture is a key sector to Cameroon’s economy (up to 40% of the GDP), it suffers from a lack of mechanization and production rationalization which affects its profitability and production volumes. Thus, local corn farming is highly insufficient to cover the current market needs. Cameroon is every year a net corn importer, which implies high costs for local consumers because of transportation and importation costs. Kawtal intends to fill the needs of this local market with a better-mastered production and distribution chain. Kawtal has developed a partnership with the Ministry of Agriculture, so as to enhance the agricultural potential of the region.
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