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Newsletter n°26 | July 2019
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IN THIS NEWSLETTER
 
EDITO Nicholas Burnett, Results for Development | FOCUS • Next step for the program I&P Education to Employment | WHAT'S NEW AT I&P | PORTRAIT • Falihery Ramakavelo, VATEL Madagascar | NEWS OF THE PORTFOLIO | ANALYSIS | AGENDA

▬▬▬▬▬▬▬▬▬▬▬  EDITO  ▬▬▬▬▬▬▬▬▬▬▬
Nicholas BURNETT
Member of I&P's Education to Employment Strategic Advisory Council • Senior Fellow Results For Development


"The Promise of Education to Employment: Why I've Joined the Strategic Advisory Council"

I’ve spent much of my professional life, at the World Bank, at UNESCO and at Results for Development, worrying about education in Africa, and especially in West Africa, which has failed to improve sufficiently despite decades of effort by governments and external donors. (...) I did not hesitate to say yes when asked to join its Strategic Advisory Council as I think that a key part of the future for African education has to be education entrepreneurship outside the public sector. (...)

Today, everyone is wringing their hands about the future of African youth, and with good reason.  Continued high fertility and vastly inadequate education systems, combined with environmental degradation, mean that the employment prospects of the average African girl and boy are poor.  Some 11 million youth enter the labor market each year, but only about 3 million formal jobs are created, meaning that the majority must work in agriculture and in the informal sector. (...)

We don’t solve problems by agonizing over them; we solve them by getting on with solutions.  The challenges of skill development in Africa, especially in Francophone Africa, are daunting.  Yet they can be met, with the sort of approach that I&P is adopting.

 
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▬▬▬▬▬▬▬▬▬▬  FOCUS  ▬▬▬▬▬▬▬▬▬▬▬
A major next step for I&P Education to Employment:
Publication of FERDI's Feasibility Study
In January 2019, Investisseurs & Partenaires and the Government of Monaco signed a partnership agreement to create the first impact fund dedicated to education in Africa.

A key component of the partnership consisted in carrying out a feasibility study, conducted by the Foundation for Studies and Research on International Development (FERDI). Its main observations and conclusions, publicly released on July 10, opened the discussions to elaborate the impact program implemented by Investisseurs & Partenaires, I&P Education to Employment.

Presentation of the study's key takeaways, Paris, July 10, 2019
 
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▬▬▬▬▬▬▬ WHAT'S NEW AT I&P? ▬▬▬▬▬▬▬

I&P Conseil is organizing the 3rd edition of its training on impact investing.
A three-day training program to better understand the concept of impact investing and acquire the necessary tools to launch your own project! ► More info on I&P's website

I&P Conseil won, along with Africalia and several African partners, AFD's call for proposals  « Afrique Créative », aiming to support cultural and creative industries in 4 Africa countries.

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I&P published the annual ESG & Impact reports of the funds IPAE 1 and IPAE 2. This is the first edition for the fund IPAE 2, launched in December 2017 and currently comprising four companies in its portfolio.

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▬▬▬▬▬▬▬▬▬▬ PORTRAIT ▬▬▬▬▬▬▬▬▬▬

Fahilery RAMAKAVELO,
Director of VATEL Madagascar

Investor: Miarakap (sponsored by I&P)
Sector:  Education & Training
Country: Madagascar
 
VATEL Madagascar is a hospitality management school, part of the global network VATEL, created in 2014 by Falihery Ramakavelo and his wife Hanitra Ramakavelo.

VATEL is the third investment of Miarakap, the first impact investment company dedicated to the financing and support of small and medium-sized companies with high potential in Madagascar.  VATEL will benefit from the Technical Assistance resources of the Critical Ecosystem Partnership Fund (CEPF), which has partnered with Miarakap to identify and support companies that have a positive impact on biodiversity in Madagascar.

VATEL Madagascar © Sango, 2019

We found that there was a significant lack of qualified managers in the hotel and tourism industry. It's not just the managers. There is also a lack of staff in positions such as servers and cooks. Our first concern was to have an effective training model. Effective in the sense that when the students leave the school, they are truly operational."

Read the Interview


▬▬▬▬ NEWS FROM OUR PARTNERS ▬▬▬▬
Africa Radio was officially launched in Abidjan last June, in the presence of the main partners of the project : Dominique Guihot, I&P, the artists Manu Dibango and A'Salfo...
Read more
Folly Koussawo, Founder and Director of the Gabonese construction company Trianon participated to the event Choose Africa organized at the National Assembly, in partnership with PROPARCO.
Read more
AMI launched $4,5 million partnership with Mastercard Foundation in Rwanda. The program will support around 7,000 young Rwandans to build their skills in the hospitality and tourism sector

Read more



▬▬▬▬▬ INTELLIGENCE & ANALYSIS ▬▬▬▬▬
New articles on the blog Enterprising Africa
Two articles on the vanilla industry in Madagascar, questioning the future of the island's "black gold". The articles are signed by Marion Zucco, Development Economist, and Matthieu Lougarre, General Manager of Agri Ressources Madagascar.
An article on the project "Flip Floppi", the first boat in the world built 100% out of recycled plastic. An African initiative that aims to raise people's awareness of plastic pollution in the oceans and encourages them to rethink their consumption behaviour towards single-use plastics.
An article on technological ecosystems in French-speaking Africa, by Fanny Dauchez (Seedstars). Francophone countries are definitely emerging as countries to be considered in the technology sector, whether as entrepreneurs to launch their projects or as investors to support this promising ecosystem.

▬▬▬▬▬▬▬▬▬▬ AGENDA ▬▬▬▬▬▬▬▬▬▬

►Paris, September 17: J.-M. Severino will participate in the conference organized by the Ministry of Ecological and Solidarity Transition, on the topic " Investment with social impact: A new ambition for France".

►Paris, September 17-19: I&P Conseil is organizing the 3rd edition of its training on impact investing, bringing together several leading French-speaking experts.

►Washington DC, September 24-26: O. Lafourcade and E. Debled will participate at ANDE annual conference (Aspen Network of Development Entrepreneurs).

►Amsterdam, October 2: J.-M. Severino and E. Debled will attend GIIN Impact Investor Forum 2019, gathering more than 1,000 impact investors from over 80 countries.

►Paris, October 8: I&P holds its annual meeting of investors.

►Paris, October 9-11: The African Club of Entrepreneurs  organizes the 8th edition of the annual training seminar dedicated to entrepreneurs accompanied by I&P.
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