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In the press


“Our investments target balance between financial return and social impact.” O. Lafourcade interviewed by the AGEFI. Watch the video (FR)

« Madagascar undergoes a growing phase in private-equity industry » M. Ranaivoson invited at the Journal de l’Economie on Kolo.Tv (Madagascar). Watch the video (MLG)

« 240 000 jobs provided in France by 2020 thanks to trade with Africa Â» JM Severino in Le Monde by columnist Aldo Fotso. Read the article (FR)

« Can crowdfunding help finance the ‘’missing middle’’? Â» D. Munnich interviewed for DevexImpact. Read the article.

« Private businesses show capacity to undertake social innovations traditionally assumed by NGOs Â» JM Severino in l’Express, for Convergences World Forum. Read the article (FR)


I&P News

I&P partnered with Etienne Saint-Sernin for his study on Renewable Energies in African SMEs.
Read the executive summary

I&P’s impact assessor and PhD economist Pierrick Baraton is currently on a 360° impact measurement mission in Nutrizaza and ACEP Madagascar in Antananarivo with HEC’ student organization “Planète Entrepreneurs”.
Watch the report made at Nutrizaza

I&P held its annual General Assembly of Shareholders in Paris on 9/23rd. Display the diaporama.

The team is delighted to welcome Sophie Ménager, a new member who will be our new financial officer in charge of IPAE. Meet Sophie



Investors are invited to meet I&P's 35 partner entrepreneurs during the closing cocktail of the Annual Entrepreneurs Seminar in Paris on 11/12th 

H. Vincent-Genod, IPDEV 2 investment officer, will assess the IRD’s Bond’Innov contest in Paris on 11/6th

P. Gomis, J. Hajdenberg and JM. Severino will be at the Africa SME Champion Forum in Dakar on 11/11th & 12th

O. Lafourcade and E. Nocquet will part to the EVPA Annual Meeting in Berlin on 11/17th & 18th

Find us on

Google Plus

"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

Nicholas Colloff
Argidius Foundation, CEO

Randall Kempner

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.

Portrait of Djibo Ibrahima

Manager of a partnering fund in Niger, Sinergi SA


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.  

In brief : our partner's news

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.
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.
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.

Photographer and artist Joan Bardeletti released its 3rd short-film for project Les Grands Moyens shot at IOT (Agribusiness - Madagascar)
Watch this new episode

Last portfolio shifts 

  • Three new countries in IPAE portfolio with three new deals : Trianon (Construction) in Gabon, VRS (Car rental) in Ghana and BDC (Finance) in Comoros. Read the press release

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. 
> Awakening about Africa’s economic reality starts spreading around emerged markets, as shown by recent US-Africa Summit. Commentary by Michael Gerson in the Washington Post.
  • 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’Afrique”.

> 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 Â», stating that African workforce must find rapid and sustainable absorption.

  • The field of impact investment is still looking for a better defined framework
> As evidenced by the recent report released by the G8 Taskforce on Social Impact Investment. The taskforce was to state clear definition for impact investing industry while brainstorm about all the possible levers of development finance. 

> « What is impact investing? Â» according to Laurence Méhaignerie interviewed on BFM TV

> I&P is presented as a case study for its specific impact measurement method within the French National Advisory Board. Read the final report
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