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FrançaisSinergi Burkina, a pioneering impact investing fund in Burkina Faso, makes its first exit
Submitted by on Tue, 07/12/2022 - 16:05
After five years of successful collaboration, Sinergi Burkina is making its first exit by withdrawing from the capital of Agroserv Industrie, a company specializing in the agri-food processing of maize. This exit is on the promoter and new investors, including I&P (through the I&P Afrique Entrepreneurs 2 - IPAE2 - funds).
Read the interfeviw with the entrepreneur, M. Siaka Sanon
Agroserv Industrie, a leading company in the maize processing sector supported by Sinergi Burkina for five years
Agroserv Industrie is a company specializing in the Agri-food processing of the maize sector. Sinergi Burkina, the first investment business dedicated to SMEs in Burkina Faso, has supported and financed Agroserv Industrie since 2017. Through this partnership, the company has committed itself to a fair governance dynamic and improving its economic and social impact. This collaboration has enabled the industrialisation of the company through a better structuring of the supply chain and a second production line, thus increasing the company's production capacity.
Sinergi Burkina and Agroserv Industrie, a partnership generator of considerable economic and social impacts
The collaboration between Agroserv Industrie and Sinergi Burkina had considerable impacts on the local economic fabric. It has notably allowed the strengthening of a network of some 6.000 small maize producers and the employees jobs' formalization. Agroserv Industrie activities contribute to Burkina Faso's economic and social development by gratifying local raw materials, substituting often expensive importations.
"First exit realized by Sinergi Burkina, Agroserv Industrie has been an exemplary investment. It stands out in particular thanks to production's capacity and quality, with products certified HACCP and ISO 9001 and an intern laboratory'', explains Job Zongo, Director of Sinergi Burkina.
A successful handover with a financing round of more than 8,5 billion FCFA with new investors (I&P, Oikocredit)
Agroserv Industrie continues in its mindset of growth and diversification, by expanding its offer. The company develops an extensive transformation plan that will raise the company to the ultimate level of the agro-industry scale. The arrival of new investors, that is to say I&P through the I&P Afrique Entrepreneurs 2 fund, Oikocredit, BIO, and AGRIFI, aims at deploying this ambitious project.
"We are proud, along with our co-investors, to support Agroserv's ambitious project, which will not only allow the diversification of its production, but also and above all, the commerce of quality products that will improve the food conditions of the population", says Landry Parkouda, Investment Director at I&P, based in Ouagadougou.
A propos de Sinergi Burkina
Sinergi Burkina is the first investment company dedicated to Small and Medium Enterprises in Burkina Faso. Headed by Job Zongo, it was created in 2014 at the initiative of Investors & Partners and burkinabe entrepreneurs determined to encourage entrepreneurship in the country.
Sinergi Burkina finances SMEs for amounts ranging from FCFA 20 million to FCFA 200 million, by taking minority stakes in the capital and offering shareholder loans. It accompanies SMEs throughout their growth in its areas of expertise: governance and strategy, financial and accounting management, organisation, technical support, etc.
Read the press release
Discover the interview of Siaka Sanon, the entrepreneur behind Agroserv Industrie
Read more on I&P Afrique Entrepreneurs 2