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Newsletter n°15 | October 2016
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EDITO
Early October, I&P and the US Agency announced the launch of an innovative program to accelerate Small and Medium Enterprises based in the Sahel region. Rob Schneider presents the new partnership:

Rob Schneider, USAID

Division Chief, Global Partnerships, US Global Development Lab
 
"At the U.S. Agency for International Development (USAID), we know that small and growing businesses (SGBs) are critical drivers of economic growth but are often unable to access the capital they need. They require small investments—between $50,000 and $500,000—but the high costs of due diligence, lack of cash flow, and limited collateral often prevent traditional financial institutions from providing early- and seed-stage funding.
 
Along with many others in this field, we believe that mobilizing local capital and local talent may be an answer to this problem. Together, USAID and I&P are responding to one of the biggest challenges in impact investing—risky early- and seed-stage investments—by creating a model for SGB support to more effectively find and connect local private capital with promising SGBs and investment opportunities.
 
Through the U.S. Global Development Lab’s Partnering to Accelerate Entrepreneurship (PACE) Initiative, we are partnering to  support three locally managed and locally funded investment funds, which will accelerate growth for 52 SGBs through seed funding, coaching, and networking and unlock $5.6 million in investments in West Africa"
 
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FOCUS
I&P prepares the launch of I&P Afrique Entrepreneurs 2
and publishes a study on impact investment in Africa
Standing as one of the first impact investor in Africa, Investisseurs & Partenaires has developed since its creation in 2002 a unique investment model gathering 3 impact funds (IPDEV1, IPDEV2, IPAE) ). Based on this solid track record, I&P is launching a new generation of funds on the nascent impact investment market in Africa. The successor fund of I&P Afrique Entrepreneurs, IPAE 2, will continue and deepen the impact mission of Investisseurs & Partenaires.

On this occasion, Investisseurs & Partenaires (I&P) and the Foundation for International Development Study and Research (FERDI) publish a study on impact investment in Africa, entitled “Investing in Africa’s development: how impact can contribute to meeting the Sustainable Development Goals (SDGs) in Africa”.

According to the study, impact investment offers a wide range of growth opportunities and represents an innovative and efficient answer to the development challenges of the continent.
Read more

WHAT'S NEW AT I&P? 

 

► Public Conference: J.-M. Severino and Jérémy Hajdenberg published their new book "Enterprising Africa" (Odile Jacob,  2016). A conference on the book is organized on November 7 at Sciences Po, in presence of the two authors. Click here to register!
 

Khaoula Ramdi joined the team in September as Investment Director.
Read more

Samuel Monteiro joins the team as PhD candidate and Research Officer on ESG and Impact issues. Read more

Pascaline Mouzou joined the team in July. She is in charge of administrative and HR issues at I&P. Read more

 

ENTREPRENEUR'S STORY

Jaco Chan Kit Waye

CEO of Indian Ocean Trepang, Madagascar.


A true "Serial entrepreneur" highly committed on environmental issues, Jaco Chan Kit Waye created the first Malagasy business specialized in the aquaculture of sea cucumbers, Indian Ocean Trepang (IOT),

Established in South of Madagascar, one of the poorest and most isolated regions of the country, IOT pursues a twofold objective: preserve marine wildlife and improve the living conditions of local fishermen.

“We all gain from it : the fishing community, the partner NGO, and us. An SME has the advantage of being imaginative and finding solutions to the problems faced in Madagascar.”
 
Read More

 

NEWS OF OUR PARTNERS

PhileoL launches a crowdfunding campaign on Kiva to fund the harvest of seeds of 6,000 smallholder farmers in Madagascar.
Read more

Enko Education extends its network with the operning of a new school in Douala, Enko Bonanjo International School, registering already more than 40 students. Read more

One year after the training seminar on CSR issues, I&P assesses the action plans undertaken over the last months.
Read more

► Field Actions Sciences Reports (FACTS Reports) publishes an article on the Mauritanian company CDS. The article is written by David Munnich, Chief Operations Officer IPDEV2.

► Annual Training Seminar for I&P's investees: 40 entrepreneurs supported by I&P were gathered in Fontainebleau for the 5th edition of the annual training seminar. The seminar focused this year on communication and marketing issues and addresses a particular issue: how to build an identity that builds on the values of the company and create a differentiation on the market. Read more
 

INVESTMENTS & EXITS

 

► The fund IPAE welcomes two companies in its portfolio

Neurotech inSenegal: The company offers IT solutions and various services to businesses for networking, security and to improve their performance. 



Carrières et Chaux du Mali (CCM), a company specialized in the production of quicklime and lime quarrying. The company provides Malian farmers with a natural input contributing to soil amendment.


► IPDEV 1 completes two new exits

Duopharm in Senegal: Duopharm is an independent company specialized in the distribution of pharmaceutical products, launched under the initiative of 150 pharmacists.

CDS in Mauritania: CDS provides water and energy access to rural and underserved communities in Mauritania.
Read more about the two exits

 

INTELLIGENCE & ANALYSIS
Focus on the new Sustainable Development Goals (SDGs) 

UN world leaders adopted in September 2015 the new 2030 development agenda, based on 17 worldwide objectives. The SDGs aim to go further than the Millenium Develop Goals to end all forms of poverty and fight against climate change.  As underlined by Brookings' article "An African take on the SDGs", African countries managed to find a common position on these issues and therefore get a stronger voice than usual in the negotiations. 

The main priority for Sub-Saharan countries by 2030 remains the fight against poverty, as recalled by the World Bank report "Poverty in a Rising Africa" (2016) and UNECA's "Africa Regional Report on the SDGs" (2015). 43% of the population on the continent still lives with less than $2 per day. 
 
Growth perspectives in Africa: where is the continent standing?

The last reports published by the World Bank (Africa Pulse) and the International Monetary Fund reveal a signifgicant decrase of growth on the continent. Economic growth in Sub-Saharan Africa is projected to fall to 1.6 percent in 2016, the lowest level in over two decades.

That being said, the pattern of growth across countries is very heterogeneous, as recalled notably by the new Mc Kinsey Report, "Lions on the Move II". If we exclude oil exporters and countries affected by the political turmoil of the Arab Spring, growth actually accelerated to 4.4 percent in 2010 to 2015 from 4.1 percent in 2000 to 2010. In addition, long-term fundamentals are strong, and there are substantial market and investment opportunities on the table.
 
 

NEWS

In the Press


► Jean-Michel Severino was invited by RFI on the show "Eco d'ici, Eco d'ailleurs" to present the book "Enterprising Africa", co-written with Jeremy Hajdenberg.

To find out more on the book, please visite the website: www.entreprenanteafrique.com

► Jeune Afrique publishes an article on the partnership concluded bewteen USAID and I&P to accelerate the growth of SMEs in Sahel: "L'USAID accélère la cadence au Sahel" (in French)
 

Agenda


► London, October 26: I&P will participate to the Private Equity in Africa Summit, organized by the Financial Times and EMPEA

►London, October 26-27: E. Debled will participate to the Africa Impact Investing Leaders Forum

► Paris, November 3-4: EVPA organizes it annual conference, with the participation of Olivier Lafourcade
 
► Antanarivo, November 24: J.M. Severino will go to Madagascar during the Francophonie Summit

► Dakar, November 30: I&P, USAID and the ANDE co-organize an event in Senegal to launch officially the new program "Accelerating SMEs in the Sahel"

► Amsterdam, December 7: I&P will participate to the Impact Investor Forum organized by the GIIN
 
 

Investisseurs & Partenaires (I&P) est un ensemble de fonds d'impact entièrement dédié au continent africain. Avec 75 millions d'euros sous gestion, I&P a accompagné une soixantaine de Petites et Moyennes Entreprises réparties dans 15 pays africains.
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