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 West 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.

Afrikamart

Seed Round in 2022
Afrikamart is a West African distribution platform specializing in fresh produce, aimed at enhancing the efficiency of the agribusiness sector. It serves as a digital marketplace connecting producers and suppliers with retailers, hotels, and restaurants. By leveraging digital technology, Afrikamart facilitates the exchange of vital information, such as purchase prices, product availability, and forecasts, between suppliers and customers. The platform also organizes end-to-end logistics through a network of transporters and optimizes financial transactions based on different purchasing and payment terms. Committed to addressing inefficiencies in the food value chain, Afrikamart empowers underprivileged women and youth by providing them with economic opportunities while promoting fair trade practices through the use of artificial intelligence and advanced algorithms.

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.

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.

CoinAfrique

Corporate Round 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.

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.

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.

Oui Carry

Seed Round in 2017
OuiCarry provides delivery services and allows its customers (individuals and businesses) based in Senegal to buy products from international commercial websites. The clients can choose from any commercial website, which gives them access to very wide range of products. For those without credit card, OuiCarry can buy the product online on behalf on the client. OuiCarry currently counts several thousand customers and has made good progress over the last few years. Compared to other alternatives, OuiCarry brings high-quality services at moderate cost and within a relatively short period of time (less than 10 days for an expedition coming from Europe for example) The company was rewarded in 2016 by the Orange FAB prize and has also been the finalist of the “Great Entrepreneur Competition” held by the British Council.

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.

SENAR Les Délices de Lysa

Venture Round in 2017
SENAR (SENégal Peanut) is a Senegalese family SME located in Dakar specialized in the processing and sale of nut products.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

Colaser

Venture Round in 2007
Colaser is an ophthalmologic clinic aiming at responding to the needs of a broad and diverse clientele such as individuals, employees under healthcare programs, retired people, middle-class people, and foreigners. The clinic has followed an unfluctuating growth since its creation. It carries out 10,000 consultations and 1,400 medical procedures every year, among which 110 retinal detachments and as many refractive eye surgery. Colaser stands as the most important ophthalmologic center in terms of equipment and expertise. It substitutes to medical travels in Europe for numerous diagnostics and cares. Within a few years, Colaser has become a model for West-African ophthalmological clinics, and attracts a steady flow of patients from neighbor countries.

Saphar

Venture Round in 2006
Saphar, a Nigerian company established in 1999, is the third largest pharmaceutical distributor in the country, after two subsidiaries of international groups. The company supplies the rural and public hospitals in Niger with generics. The project initially aimed to improve the offer in these underserved areas.

Acep Cameroun

Venture Round in 2005
ACEP Cameroun S.A. is a microfinance institution established in 1999, based in Douala, Cameroon. It was initiated by the Government of Cameroon with support from the European Union and the Agence Française de Développement, transitioning from a project to a public limited company in 2005. ACEP Cameroun focuses on providing micro credit lines to foster the growth of very small enterprises, primarily in urban areas, and offers funding options to a diverse clientele including public officials, retirees, and business groups. The institution operates within the ACEP International network, utilizing methods and technologies developed by ACEP Développement, and has expanded its reach through subsidiaries in Senegal and Madagascar.
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