English
FrançaisThe fund IPAE inaugurates 3 new industrial projects
Submitted by on Mon, 06/12/2017 - 11:51
As I&P Afrique Entrepreneurs (IPAE) celebrates its 5th and last year of investment, several key industrial projects financed by the fund are being implemented: Scrimad in Madagascar and Eden Tree in Ghana, two companies operating in the agro-industry sector, inaugurated their new factories. ENVAL in Côte d’Ivoire is about to launch a new laboratory to diversify its activities. These projects are emblematic of IPAE’s investment strategy, consisting in supporting Small and Medium-Sized Enterprises in Sub-Saharan Africa.
Key industrial projects supported by IPAE are materializing
Operating in Ghana, Eden Tree launched on May 30th its new factory, benefitting from HACCP certification and enabling the company to significantly increase its production capacity. Eden Tree purchases, processes and distributes more than 80 varieties of fresh fruits and vegetables to the formal distribution in Ghana.
The Malagasy group SCRIMAD, specialized in the production and export of litchis, inaugurated a new factory on May 5th in Tamatave, in the presence of the company’s partners and several Malagasy authorities. The factory is dedicated to the processing of local fruit puree, a ready-to-use preparation widely used in the food industry, allowing Scrimad to have a continuous activity in addition to the annual export of fresh litchis.
ENVAL LABORATOIRE, based in Côte d’Ivoire, is one of the most important laboratory of physico-chemical and microbiological analyses in West Africa. The company, in partnership with I&P, aims to expand its activities to the mining sector thanks to a new (and first of his kind in the country) laboratory based in Yamoussoukro, which will meet the same standards as the best performing laboratories in mining countries.
About I&P Afrique Entrepreneurs (IPAE)
Launched in May 2012 at €54 million, the fund I&P Afrique Entrepreneurs (IPAE) targets expanding companies with proven business models. “By diversifying and increasing their production capacities, IPAE companies confirm our impact investing model in Africa. With a financial support comprised between €300,000 and €1.5 million and with strategic support from I&P, these companies are able to scale up and multiply their impact" says Sébastien Boyé, Chief Investment Officer at I&P.
Five year after the launch, IPAE has invested in 27 African SMEs, which employ about 4,000 people and provide, in 60% of cases, essential goods and services answering the Sustainable Development Goals.
In the Press
• Agence Ecofin, 9/06/2017
• La Tribune Afrique, 9/06/2017
• Agence Ivoirienne de Presse, 10/06/2017