April Newsletter is published!

I&P newsletter of April focuses on the launching events of the national funds in Burkina Faso (Sinergi Burkina) and Senegal (Teranga Capital). Mamadou Lamine Loum, Chairman of the Board of Teranga Capital, signs the editorial of the newsletter.

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Edito: Mamadou Lamine Loum

Chairman of the Board of Teranga Capital, Administrator of the fund I&P Afrique Entrepreneurs

Former Prime Minister of Senegal (1998-2000)

On March 15, we celebrated in Dakar the launch of Teranga Capital, the first Senegalese impact fund dedicated to the small and medium businesses of the country.Initiated by talented entrepreneurs, Olivier Furdelle and Omar Cissé, supported by experimented shareholders such as I&P, the Fonsis, the Sonatel and individual Senegalese investors, Teranga Capital will invest in about 50 businesses over the next ten years, so as to support the emergence of successful entrepreneurs in various sectors of activity.

Private investment is one of the key driving forces of inclusive economic growth on the African continent, enhancing job opportunities and creating wealth for all. In Senegal for example, the macroeconomic context might have been quite favorable in 2015, but the growth prospects are not sufficient to overcome the coming challenges. This growth needs to be stronger and above all, needs to be more inclusive and more diversified if we want to significantly reduce poverty and unemployment, if we want to create opportunities for all and balance public accounts.

I am personally convinced that African entrepreneurs have a decisive role to play in the economy and development of the continent. By demonstrating that it is possible to succeed, that is possible to create jobs and opportunities for their communities, we can assert that entrepreneurs are key players of African civil society.

In other words, the time has come to invest in Africa to support the many talented and emerging entrepreneurs of the continent!