I&P Afrique Entrepreneurs 1
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About IPAE 1
I&P Afrique Entrepreneurs 1 (IPAE 1) is the second fund launched by I&P to support entrepreneurs seeking economic growth and societal impact.
It targets SMEs operating in Sub-Saharan Africa and the Indian Ocean whose financing needs are higher than the companies supported by IPDEV 1 and IPDEV 2, ranging from €300,000 to €1,5 million.
Click here to read more about IPAE's successor fund, IPAE 2
Key takeaways
⇒ 12 different countries, half of which are classified as Least Developed Countries.
⇒ The companies operate in a dozen different sectors (Food, Microfinance, Construction, Transport, Health, Services, IT, Energy...).
⇒ A combination of companies at different stages of growth, with around ¼ investing in start-ups and ¾ investing in companies in expansion phase.
⇒ IPAE1's partner companies are showing strong growth, both in turnover and number of employees.
⇒ The fund has fully exited 2 companies and has completed 8 partial exits or exits in progress.
IPAE 1's portfolio
IPAE 1's governance
IPAE 1 is governed by 3 bodies:
Every month the following professionals from the private equity and the development sectors meet to discuss on ongoing projects and investment decisions.
- Olivier Lafourcade, Consultant, former director at the World Bank
- Luc Rigouzzo, CEO of Améthis Finance, former CEO of Proparco
- Jean-Michel Severino, CEO of I&P and former CEO of AFD (2001-2010)
- François Wohrer, CEO of Compagnie Financière Degroof and former Senior Investment Officer at IFC
- Hervé Schricke, President "Club Afrique", AFIC
- Ann Katrin Dolium, Expert on ESG and CSR issues
- A member of the I&P team
Composed of representative of key investors of the fund, it meets at least twice a year to give another perspective on potential conflicts of interest and on the funds activities.
IPAE's investment team
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Ando Annette
![](https://ietp.com/sites/default/files/styles/product_270x270/public/Anna-Traor%C3%A9-portrait.jpg?itok=7lzY7VT9)
Anna Traoré
![](https://ietp.com/sites/default/files/styles/product_270x270/public/Profil-Ben.png?itok=oYSnue4h)
Ben Kouakou
Ben Kouakou
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Ben Kouakou joined I&P in 2021 and is operating as Investment Director for the funds I&P Afrique Entrepreneurs (IPAE 1 and IPAE 2).
...![](https://ietp.com/sites/default/files/styles/product_270x270/public/Fitia.png?itok=72onYlqq)
Fitia Fonenantsoa
Fitia Fonenantsoa
![](https://ietp.com/sites/default/files/styles/team_60x60/public/Fitia.png?itok=IwSjqHmr)
Fitia joined I&P Madagascar's investment team as a Investment Officer in December 2021 and is in charge of developing new investments and monitoring the investment portfolio of IPAE in...
![](https://ietp.com/sites/default/files/styles/product_270x270/public/Portrait-Francis.png?itok=LiI3qMN-)
Francis Owusu
Francis Owusu
![](https://ietp.com/sites/default/files/styles/team_60x60/public/Portrait-Francis.png?itok=fp1T2PL4)
Francis joined the team in 2018 and operates as Investment Director in the Accra office. He manages the activities of IPAE 1 and IPAE 2 in Ghana and Nigeria.
...![](https://ietp.com/sites/default/files/styles/product_270x270/public/Portrait-Landry.png?itok=1TPZwwae)
Landry Parkouda
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Marguerite Tall
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Mialy Ranaivoson
![](https://ietp.com/sites/default/files/styles/product_270x270/public/Ny%20Andraina%20Andriamanantena.png?itok=P0MMYmau)
Ny Andraina Andriamanantena
![](https://ietp.com/sites/default/files/styles/product_270x270/public/Kevin-Aie-portrait.jpg?itok=1Bzm9ySQ)
Oty Kévin Aie
![](https://ietp.com/sites/default/files/styles/product_270x270/public/Portrait-Samuel.png?itok=b5TQ44pG)
Samuel Monteiro
![](https://ietp.com/sites/default/files/styles/product_270x270/public/Profil-Shino.png?itok=cc6Vl4Hf)
Shino Grivel
Latest IPAE 1 News
![]() Launch of Africa Radio in AbidjanEntrepreneurs | 12/06/2019 Listened to on the FM band in Paris and on social networks in Africa and Europe, Africa Radio (formerly Africa N°1) now broadcasts in Abidjan on 91.1 FM. The inauguration ceremony to celebrate this launch took place in Abidjan in the presence of Mr. Sidi Touré, Minister of... |
![]() PEG Africa raises $25 million to cement its position as market leader in West AfricaEntrepreneurs | 09/04/2019 West-Africa based solar company PEGAfrica just raised $25M, taking its funding total to US$50 million with investors such as CDC group, SunFunder, ResponsAbility, Blue Haven Initiative, Energy Access Ventures, Acumen... PEG Africa, société leader en Afrique de l'Ouest pour la... |
![]() Enko Education prepares African students for their university applications with "Knowledge for College"Entrepreneurs | 15/04/2019 Enko Education is launching the "Knowledge for College" programme, a twelve-hour e-learning course to support African high school students in their university applications. Led by guidance counsellors and experts from prestigious universities around the world, these online... |
![]() The fund IPAE 1 completes two exits with strategic partnersNews | 28/01/2019 The fund I&P Afrique Entrepreneurs 1 (IPAE 1), launched by Investisseurs & Partenaires in 2012, exits from two companies of its portfolio: the group CONERGIES, based in Côte d’Ivoire and Mali, and the Senegalese company Delta Irrigation. Both are made with strategic partners... |
![]() A successful crowdfunding campaign for Eden TreeEntrepreneurs | 20/12/2018 Eden Tree recently completed a crowdfunding round of €30,000 in 4 days to install a solar plant for its factory in Accra, Ghana. This crowdfunding platform was provided by Ecoligo Investments, a crowdinvesting platform for renewable energy projects initiated by ecoligo GmbH with a... |
![]() PEG Africa wins top industry award in GhanaEntrepreneurs | 19/11/2018 PEG Africa is a young company which aims to bring off-grid solar energy access to rural and peri-urban communities in West Africa by providing pay-as-you-go (PAYG) solar home systems to rural and remote customers. The company joined I&P’s portfolio in 2015. PEG Africa has been... |
![]() NEST achieves ISO 9001:2015 quality certificationEntrepreneurs | 15/10/2018 On October 10, NEST get ISO 9001:2015 certified. This certification aknowledges the quality of NEST's services: "Patient Reception and Orientation, Consultations, Hospitalizations and Follow-up". "NEST has placed quality management at the core of its strategy since the beginning. This... |
![]() Neurotech gets ISO certified for its management systemEntrepreneurs | 20/09/2018 Neurotech, an information and technology provider delivering solutions for Senegalese enterprises, get the ISO 9001:2015 certification, relative to quality management. The ISO 9000 family addresses various aspects of quality management and contains some of ISO... |
![]() Enko Education launches two new schools in Mali and Burkina FasoEntrepreneurs | 18/06/2018 African International Schools group Enko Education has announced the launch of two new schools, which will open at the beginning of the new academic year in September 2018: Enko Bamako International School in Bamako, Mali and Enko Ouaga International School in Ouagadougou, Burkina Faso.... |
![]() Article of Pharmivoire Nouvelle (Côte d’Ivoire) : Local production of medicine and accessibility challengesEntrepreneurs | 25/01/2018 The latest edition of the quarterly magazine « Private Sector and Development » focuses on the issue of African medicine. As recalled by Philippe Abecassis and Nathalie Coutinet in the introduction, access to proper medicine is a major challenge for African countries. The... |