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About IPAE 2

As the successor fund of I&P Afrique Entrepreneurs 1, IPAE 2 continues and deepens the impact mission of Investisseurs & Partenaires and promote the emergence of a new generation of responsible African entrepreneurs.

IPAE 2 aims to invest in equity and quasi-equity as a minority shareholder in 30 to 40 startups and businesses located in Sub-Saharan Africa and the Indian Ocean, and thus contribute to building a sustainable and productive private sector. IPAE 2 also aims to create an investment hub in East Africa, by opening a new office in Nairobi.

IPAE 2 is a generalist fund that targets a large range of sectors that significantly contribute to the achievement of the Sustainable Development Goals (SDGs): agri-business, health, construction industry, renewable energy, microfinance, industry, B2B products and services, etc.

Calendar      2017-2022
Size              €92 million ($100 million)
Status           Under investment
Portfolio       22 SMEs
Tickets         €300,000 - €5 million

IPAE 2 portfolio

Mali Shi

WIN Industries

AerialMetric

Lapaire Glasses

So Fresh

Delta SA

Go Africa Online

iProcure

Afrikrea

Zeepay

Ed Partners

Pigier Cameroun

XpressGas

StarNews

Soafiary

New Crystal

Rensource

CoinAfrique

Procréa

African Management Institute

Afribon

AgroServ

AgroServ Industrie

Trianon Homes

IPAE investment team

Alioun Badara Sane

Investment Officer

Alioun Badara Sane

Investment Officer

Alioun a rejoint l’équipe de I&P Côte d’Ivoire en tant que Chargé d’Investissement sur le programme IPAE. 

Ando Annette

Responsable Back Office

Ando Annette

Responsable Back Office

Based in Antananarivo - Madagascar, Ando Annette has been Back Office Manager for IPAE funds since 2023.

Anna Traoré

Investment Manager

Anna Traoré

Investment Manager

Anna Traoré joined the team in June 2021 as Investment Manager for the fund I&P Afrique Entrepreneurs (IPAE).

Ben Kouakou

Investment Director

Ben Kouakou

Investment Director

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).

...

Fitia Fonenantsoa

Investment Officer

Fitia Fonenantsoa

Investment Officer

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...

Francis Owusu

Investment Manager

Francis Owusu

Investment Manager

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.

...

Mialy Ranaivoson

Investment Director

Mialy Ranaivoson

Investment Director

Mialy is Investment Director and also Director of Impact and ESG for the IPAE funds. She joined I&P in 2012. 

Ny Andraina Andriamanantena

Chargée Impact et ESG

Ny Andraina Andriamanantena

Chargée Impact et ESG

Based in Madagascar, Ny Andraina joined I&P in 2023 as Impact and ESG Officer for the IPAE funds.

Oty Kévin Aie

Investment Officer

Oty Kévin Aie

Investment Officer

Kevin joined I&P in 2019 as an Investment Officer for IPAE 1 & 2 in Côte d'Ivoire.

Shino Grivel

Finance and Operations Oversight Director

Shino Grivel

Finance and Operations Oversight Director

Shino joined I&P in 2019 and works as Finance and Operations Oversight Director for the funds IPAE.

IPAE 2 governance

IPAE is governed by 2 bodies, the Investment Committee and the Extra-Financial Committee.

I&P team can count on the support of high-level advisors with extensive experience in: macroeconomic issues, geopolitics and African politicas, financial and legal structuring, information systems, project management, branding, microfinance, bank relations...

The Investment Committe will be regularly consulted for its opinion on every investment or divestment proposal related to I&P Afrique Entrepreneurs 2.


It is composed of:

  • Olivier LAFOURCADE, Chairman of IPDEV Board
  • Luc RIGOUZZO, Executive President of Amethys Finance
  • Hervé SCHRICKE, President Club Afrique, AFIC
  • François WOHRER, CEO of Degroof Petercam France
  • Carole RAMELLA, Managing Director of GFA Consulting LTD
  • Cheick SANANKOUA, Managing Director of HC Capital Properties

An extra-financial committe is composed of independent members and is regularly consulted. Its role includes the review of the extra-financial policy and its specifi goals, and of the annual ESG and impact assessment.


It is composed of:

  • Swaady MARTIN, Founder and Chairman of Ysawara
  • Michel JACQUIER
  • Mariam DJIBO, Principal of Adenia
  • Pascale DATTIN, ESG Consultant
  • Farid BADDACH, Executive Director of BSR

Last IPAE 2 news

I&P publishes Impact and ESG Reports for IPAE 1 and 2 Funds
News | 22/07/2024  I&P has just released its latest impact and ESG reports for the I&P Afrique Entrepreneurs (IPAE) 1 and 2 funds, showcasing the significant contributions of these funds to the African private sector. IPAE are generalist funds that invest in equity and quasi-equity as a minority...

Lapaire Glasses and AMI - African Management Initiative feature in "Africa's Fastest Growing Companies 2024" ranking
Entrepreneurs | 17/06/2024    Lapaire Glasses, a pan-African company specializing in visual health, and African Management Initiative (AMI), a pioneer in professional training for African entrepreneurs and managers, feature in the Financial Times' 2024 ranking of Africa's fastest-growing companies, in 14th...

AerialMetric, HERi, Ultramaille: I&P partners in Madagascar visit IPAE portfolio companies
News | 25/04/2024    On Thursday 18 April 2024, AerialMetric, HERi Madagascar and Ultramaille, companies in the I&P Afrique Entrepreneurs 1 and 2 portfolios in Madagascar, received the partners and investors of the IPAE funds. An opportunity for the three companies to share their stories,...

Entrepreneur Profile: Meet Folly Koussawo of Trianon Homes, Gabon
Entrepreneurs | 24/04/2024    Founded in Gabon in 2012 by Folly Koussawo with the support of Seydou Béyé, Trianon Homes is a real estate development and construction company with three core businesses: third-party construction, turnkey project design and construction, and real estate development....

I&P Afrique Entrepreneurs 2 welcomes 5 new portfolio companies and closes its investment phase
News | 16/01/2024    Launched in 2017 with €92 million of assets under management, the I&P Afrique Entrepreneurs 2 (IPAE 2) fund closes its investment period with five new investments: AerialMetric in Madagascar, Lapaire Glasses (pan-African), Trianon in Gabon, Mali Shi in Mali and Win...

I&P releases its Annual Impact Report
News | 14/12/2023  I&P is thrilled to announce the release of its Annual Impact Report for the year 2023. The report offers a comprehensive overview of I&P's activities, achievements, and impact throughout the year, showcasing the growth and transformational changes spurred by the organization's...

Unlocking Catalytic Capital for African SMEs: discover our new report
News | 10/10/2023  In a new report entitled “Using Catalytic Capital to Foster African Entrepreneurs in Underserved Markets,” published in partnership with the Catalytic Capital Consortium, I&P showcases the effectiveness of catalytic capital in supporting African SMEs, offering recommendations to...

I&P organizes the 9th annual Entrepreneurs' Seminar, bringing together 60 African entrepreneurs
Entrepreneurs | 10/07/2023  From June 14 to 17, I&P and The African Club of Entrepreneurs hold the 9th edition of the Entrepreneurs’ seminar. This 3-day training session dedicated to digital gathered about sixty African entrepreneurs operating in a dozen sub-Saharan African countries. Discover the pictures...

Interview with HERi Madagascar promoters
Entrepreneurs | 24/04/2023  Created in 2012, and supported by I&P since last year through the I&P Afrique Entrepreneurs 2 (IPAE2) fund, HERi Madagascar is a company that specializes in the distribution and financing of solar energy solutions in rural areas of Madagascar. Socially committed company, HERi...

IPAE2 and Adiwale Fund I invest in VRS Africa
Entrepreneurs | 06/03/2023  Voltacars Rental Services (VRS), a full service car rental company operating in Ghana, Côte d'Ivoire and Senegal, has secured a new round of financing from Investisseurs & Partenaires (I&P) and Adiwale Partners. VRS Africa currently manages a fleet of 800 modern, low-carbon...

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