IPAE 1

The group Pêcheries du Sud gathers key actors of the seafood sector in Madagascar. Its activities are mainly based in Madagascar, but the Group is also a partner and reference shareholder of Groupe Réunimer, based in La Réunion.

Pêcheries du Sud is present in the main links of the seafood value chain through its various subsidiaries, from production (fishing, aquaculture) to processing and packaging in factories and marketing on local and international markets.

The group notably includes:

• Indian Ocean Trepang (IOT), a company specialized in the breeding and export of sea cucumbers that I&P has been supporting since 2012. IOT associates isolated fishing villages with its activity, generating additional income and thus fighting against overfishing and the extinction of marine fauna.

• COPEFRITO: Established in Tuléar since 1995, the COmpagnie de PEche FRIgorifique de TUléar, or COPEFRITO, is a Malagasy limited company specialising in the collection and processing of cephalopods (octopus, squid) and other products such as lobster, crabs and certain fish.

• SPSM: The Société de Pêche de Sainte-Marie (SPSM) was created in 1999 around a triple activity: fishing, collection and processing

• Madagascar Alive Seafood (MAS) was formally created in October 2015 and specializes in mangrove crab aquaculture

Entrepreneurs

Olivier Méraud has worked with Copefrito since 2004, where he has held several operational positions. He is a Merchant Navy Captain by training and has worked in the fishing and seafood trade for 12 years. In parallel to his duties at Copefrito, he co-founded Madagascar Seafood (MSF) in 2005 and is now one of its main shareholders and Chairman.

Jaco Chan Kit Waye is the current Managing Director of IOT, and and experienced entrepreneur. After having created and directed Copefrito, he founded in 2008 the company Madagascar Holothurie, now IOT, in association with a local partner and a team of university researchers. His environmental and social commitment led him to work as early as 2003 for the first natural resource management site with a fishing community and several NGOs to develop a protected marine area while improving the living conditions of fishermen. In 2006, Jaco was named "Malagasy SME Manager of the Year" (prize awarded by the BNI Madagascar of the Crédit Agricole group).

Partnership with I&P

I&P is committed alongside Pêcheries du Sud to:

• Support the launch of a new seafood processing plant in Diego

• Expand the group's activities in other regions of Madagascar, particularly in the north of the island

• Supporting the group at managerial and financial levels

Impacts

• The group strongly contributes to the development of the seafood sector in Madagascar

• Implementation of a rational management of marine resources

• Involvement in several rural development projects in Madagascar, in partnership with NGOs directly linked to the group's aquaculture activities.

• Implementation of a CSR policy at group level

Société Malienne de Blanchisserie is a Malian company providing a complete laundry service to hotels in Bamako.

The company takes in charge the collect, cleaning and delivery of the hotels’ linen (ben linen, aprons, sponges, table linen, bath towels…). The company counts the biggest hotels in Bamako among its clients, including Azalaï, Radisson and El Farouk.

To this date, the company is the only professional laundry service provider in Mali.

THE ENTREPRENEUR

Boureïma Lam is a Malian entrepreneur. He launched the laundry Société Malienne de Blanchisserie in 2007, a few years after the launch of one of the first dry-cleaners of Bamako (Pressing Lam). This previous experience made him realize the lack of professional offer for the hotel industry.

In parallel Boureïma founded a training center dedicated to the laundry sector’s activities, as there is very little skilled labor in this sector.                 

PARTNERSHIP WITH I&P 

I&P committed alongside with Société Malienne de Blanchisserie to:

• Increase the capacity of laundry treatments (from 1,5 ton todays to 5 tons of laundry per day)

• Launch a new line of services for hospitals and health centers

• Implement good governance practices

• Support the company in managing the generational transmission (from the founder to his children), so as to perpetuate the structure

EXPECTED IMPACTS

• Formalization and structuration of the activity, with the creation of formal and permanent jobs

• Building of a new site with the best norms

Carrières et Chaux du Mali (CCM) is a Malian company specialized in the production and commercialization of quicklime and agricultural lime.

The company has access a high quality landform deposit of more than 70 million tons of raw material in its various forms. This supply will serve gold mining, agriculture, sanitation, and construction industries.

The quarry and the factory are based in Karaga (340 km west of Bamako in the region of Kayes). The company significantly participates to the economic growth of this area: more than 70% of the employees of the production site come from Karaga area.

The products will be offered in Mali and in the sub-region (Côte d’Ivoire, Guinea, Burkina Faso, Senegal, and Ghana).

Carrières et Chaux du Mali initially beneffitted from the support of Crossboundary, as part of a partnership set with the US Agency USAID. Crossboundary aims to unlock the power of private capital to impact underserved markets. The firm has broad experience providing opportunity sourcing, due diligence, transaction advisory and investment expertise in sub-Saharan Africa. Crossboundary has provided investment support and contributed to the structuration of CCM. To read more on the partnership with USAID, click here →

THE ENTREPRENEUR

Madani Diallo, founder and director of CCM, stands as one the pioneer actors of the gold industry in West Africa. Trained as geochemist and mineralogist, Madani has more than years of experience in the mining sector. He held executive functions in major mining companies such as BHP Billiton and Anglogold Ashanti. He led mining exploration team, leading to the discovery of several gold mines.

Madani is a member of the board of directors of several institutions (Trust Bank in Ghana, International Bank of Burkina Faso)

PARTNERSHIP WITH I&P

I&P committed alongside with Carrières et Chaux du Mali to:

• Support the structuration of the company

• Support CCM in obtaining ISO standards 18001 and 14001

IMPACTS

• Substitution to imports

• Develop a structuring industry in the country and the sub-region

• Create more than 80 formal jobs

Neurotech is an information and technology provider delivering solutions for Senegalese enterprises. Created in 2003, the company has become one of the major IT integrators in Senegal.

The company has progressively extended its activities to include datacenters management, communications platform, management solutions, business intelligence and high-ended services.

THE ENTREPRENEUR

Neurotech was created in 2003 by Adboulaye Mbaye, a computer engineer graduated from Tunisia. He has worked more than ten years for major telecommunication and technology companies, such as Orange branch in Senegal, TIGO, CBAO, or Gambia Telecom.

Abdoulaye actively contributed to the launch of the CTIC, the first ICT incubator in francophone Africa. He is deeply involved in the support and mentoring of young people proposing new projects in the ICT sector.

PARTNERSHIP WITH I&P 

I&P committed alongside with Neurotech to:

• Develop the activities of the company in the sub-region

• Develop the range of services offered by the company, to include Cloud-based solutions

IMPACTS 

Neurotech is involved in the network ‘’CSR Senegal” (RSE Sénégal) and is active on various social issues including education, environment, and the promotion of human capital.

Thanks to this partnership, Neurotech set up a thorough CSR policy to support sustainable projects while keeping the focus on education issues and the promotion of new talents.

Created in 1998, Ultramaille is a textile factory specialized in mid- and high-end fashion knit wear.

The factory produces on average 400 000 sweaters per year. Its customers include brands such as Sandro, Ekyog, Woolworth, Armor Lux…

THE ENTREPRENEUR

ULTRAMAILLE was created by Frédéric Wybo, Managing Director of the company. Frederic lives in Madagascar for more than 20 years and benefits from an extensive experience in the textile industry.

Frédéric Wybo is also Chairman of the board of Solidis Garantie, a surety company based in Madagascar, and associate member of Malagasy Association of Private-Equity Investors.

Frederic is deeply involved on environmental and social issues, which is reflected in the management of the company.

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PARTNERSHIP WITH I&P 

I&P committed alongside with Ultramaille to:  

• Reinforce the working capital of the company to finance the purchase of raw materials

• Support the company to expand its range of products

• Work on the launch of a new brand of tailor-made cashmere sweaters sold online

IMPACTS 

• Creation of many qualified jobs, mostly for women

• Develop the work with local producers