Investors and Partners for Development (IPDEV) II (Equity investment)

The Board of Directors of the African Development Bank Group (AfDB) has approved a €5 million equity participation in Investisseur & Partenaire pour le Développement 2 (IPDEV.2), to support Small Growing Businesses (SGBs) in Sub-Saharan Africa. Senegal, Cote d’Ivoire, Benin, Mali, Niger, Burkina-Faso, Cameroon, DRC, Ghana, and Madagascar are among the targeted countries. IPDEV.2 is an innovative impact investment company launched by Investisseurs & Partenaires (I&P) the Manager, to finance and support SGBs1, startups at the base of the pyramid of SMEs. IPDEV.2 plans to launch 10 investment funds in selected Low Income Countries through which it will provide equity, quasi equity and debt to more than 500 SGBs with investment needs ranging from € 30,000 and € 300,000 over the next decade translating to 15 000 jobs to be created of which 30% will be for women.