Impact investment firm Investisseurs & Partenaires announced two deals last week for its Afrique Entrepreneur fund, a €54 million vehicle that is now in its last year of investment. No terms for either deal were disclosed.
While focused on the continent’s francophone markets currently, both Africa Radio and Barajii have pan-African ambitions. Of the two, Africa Radio is the more immature, and is currently under development. It plans to be an independent African radio station, developing a suite of news, music and sports programs led by a team of Africa journalists.
Barajii produces and commercializes water and locally produced fruit juices packed in bio-degradable bags and PET bottles. While most of the production currently takes place in Burkina Faso, Barajii aims to develop its production and distribution activities in 8 to 10 countries over the next 5 years. Barajii is part of the group Durabilis, an international impact investing company specialized in the agro-industry sector.
I&P Afrique Entrepreneurs currently has 15 companies in its portfolio, located in more than 10 countries across the continent. The fund typically invests between €500,000 and €1.5 million in companies in several sectors