By Abdoulaye Sow
Investors & Partners (I & P) completed the intermediate closing of I & P Afrique Entrepreneurs 2 (IPAE 2), thus reaching a total financing amount of 75 million euros.
The impact group intends to support more than 30 small and medium-sized companies in sub-Saharan Africa by 2022. This closing allows IPAE 2 to be part of the same dynamic as IPAE 1, which has invested in 29 companies African.
The fund headed by Jean Michel Severino plans to reach the target size of the IPAE 2 program (80 to 90 million euros) by the end of 2019 to complete a third and final closing. Since its creation in 2002, I & P has invested in nearly 90 companies based in 16 African countries.