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"The Aspen Network of Development Entrepreneurs (ANDE) and the Argidius Foundation are both active supporters of development entrepreneurs in emerging markets. [...]
The Argidius-ANDE Finance Challenge (AAFC) was designed to identify innovative ways of funneling financial resources to the lower end of the missing middle. The challenge lasted two years from the time the contest launched to the moment we chose the winner. The AAFC sought to support an organization providing tangible results and with long-term plans for sustainability. The competition was strong and each organization showed remarkable creativity and commitment to their development projects—making the winning selection tough.
[...]
Through the Argidius-ANDE Finance Challenge grand prize of one million euros that we awarded to IPDEV 2, we are happy to promote a new generation of African entrepreneurs."
Read complete edito
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Edito
Nicholas Colloff
Argidius Foundation, CEO
Randall Kempner
ANDE, CEO
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On the brink of its 1st closing, IPDEV 2 is awarded a 1 million EUR grant from the ANDE and the Argidius Foundation
I&P Développement was annouced winner of the Argidius-ANDE Challenge and granted 1 million EUR at the Annual ANDE Meeting held on 9/29th at Glencove. This challenge awards replicable and already tested projects that would unlock capital for small growing businesses in emerging markets, with early-stage funding needs comprised between $20 000 et $250 000. It aims at inspiring of new financial models with successful on-field results. Thanks to this grant, IPDEV 2 closes a first grant raising campaign at €2 million and validates the viability of its model.
IPDEV is a impact investment funds incubator addressed to small African businesses. It targets the creation of 10 local funds led by African teams in 10 African countries over the next decade. IPDEV has already successfully tested its system in Niger (Sinergi) and in Burkina-Faso (Sinergi Burkina) and is about to launch Teranga Capital in Senegal.
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Portrait of Djibo Ibrahima
Manager of a partnering fund in Niger, Sinergi SA
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Though he graduated in engineering (Ecole Normale Supérieure des Mines in Alès) Djibo Ibrahima has always shown a burning interest towards entrepreneur-ship. Therefore, he completed various trainings and studies in management, business administration and project management. He spent a part of his career at leading positions in various Nigerien groups (Shell Niger, Niger-Lait) and led numerous feasibility missions for mining projects and companies in Niger, in Burkina-Faso and Mali with an ever-green involvement towards Sahelian SME/SMI. From 1991 to 1997, he was in charge of Nigetip development, a World Bank project designed to support Nigerien SMEs in the building sector.
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In brief : our partner's news
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La Laiterie du Berger (Agribusiness - Senegal) was presented at the exhibition Wave set up by BNP Paribas at the Parc de la Villette from 9/10th to 10/5th 2014 which spotlighted inspiring projects embodying collective 2.0 genious.
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Daouda Coulibaly, CEO of Trainis (Training - Mali) was awarded as one the "Top 100 African Entrepreneurs" yearly presented by the Institut Choiseul. The ranking starred 4 other Malian laureates this year.
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Bhélix Normat (Construction - Benin) just landed a large-scale contract to produce construction inputs for the CBMI and the construction of NOCIBE's new factory.
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Photographer and artist Joan Bardeletti released its 3rd short-film for project Les Grands Moyens shot at IOT (Agribusiness - Madagascar).
Watch this new episode
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Intelligence & Analysis
- It is high time for France to partner back with Africa
> Columnists Bruno Alomar and Thierno Seydou-Diop insist on the importance of building new partnerships in Africa for French leaders on the trail of the brand-new Afrique-France Foundation, and find a new dynamism. Read their article in Le Monde.
> Sharing this view, Paul Derreumaux analyses on his blog the financial sub-Saharan context, exposes opportunities and threats of this recent African gold rush and above all, urges young African entrepreneurs settled in France to embody the African rise.
- To create jobs is the first target to achieve millennium development goals and meet current African challenges
> Improvement of sub-Saharan economies should not lead to a global slackening of the strife to support private sector as exposed by Jean-Michel Severino, I&P’s manager, and Pierrick Baraton, PhD economist for I&P, in their common study “Le Siècle de l’Afriqueâ€.
> Last UNDP report on human developement recommends to sustain human progress while reducing vulnerability and strenghtening resilience. One ought to support job creation and transition towards formal economy to achieve these recommendations.
> These aspects were already emphasized by a previous report released by the McKinsey Institute, « Africa At Work », stating that African workforce must find rapid and sustainable absorption.
- The field of impact investment is still looking for a better defined framework
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