Teranga Capital, an impact investment company dedicated to financing and
in support of Senegalese small and medium-sized enterprises (SMEs), announced today that it has invested 88 million CFA francs in C.A.I.F. (Support Center for the Women’s Initiative).
The Support Center for Women’s Initiative (CAIF) (www.caif.sn) is a vocational training center founded by Madame Arame DRAME and specializing in catering and hospitality, sewing and styling, hairdressing and aesthetics.
Created 14 years ago, it has good expertise to offer its students, mainly young women, training of good quality and adapted to the job market.
According to Insa DRAME, President of C.A.I.F. “After 14 years of existence, the Support Center for the Women’s Initiative has become a major player in vocational training in Senegal. The partnership with Teranga Capital will be a catalyst in fulfilling our ambition of expansion on the national territory.
At this pivotal moment for CAIF, we favored financing by TERANGA CAPITAL because it is part of a process of support, strengthening management and promoting the rules of good governance.
We are convinced that together we will be able to achieve the development of the company to achieve both its sustainability and the social mission it has set for itself: the professional integration of young people and women. ”
Olivier Furdelle, Managing Director of Teranga Capital, adds: “The historical promoter Ms. DRAMÉ started her business without support and, through effort and perseverance, was able to find her niche and succeed in gaining the confidence of learners and institutions. . Under the more recent impetus of Mr. Insa Seydou DRAME, the Center has confirmed its leadership position in this sector of professional training under a brand that can be deployed in the territory of Senegal. It is
with the ambition to contribute to the professional integration of young people that we come to support this new phase of development of the company with a lot of enthusiasm. ”
Teranga Capital’s investment will accelerate this growth trajectory by providing the company with financial, technical and human resources to strengthen its base, multiply its impacts and seize targeted market opportunities.
Through this partnership, Teranga Capital will also provide local support to C.A.I.F, ranging from strategic thinking to improving the efficiency of its organization.
ABOUT C.A.I.F.,
The Center is based in Dakar and specializes in catering and hospitality, sewing and fashion design, hairdressing and aesthetics. It offers three types of training: initial training, continuing education and fun training.
In 2003, Mrs. DRAME started the activities of the center with as learners of the young people of her family.
She built her own company and now has five employees, thirty or so teachers who work tirelessly to provide the best training for learners who today are more than 300, including a large majority of women. In addition, Mrs. DRAME has been able to forge strategic partnerships in the context of continuous training with various structures in charge of vocational training such as the 3FPT
(formerly FONDEF) and the ONFP (National Office of Vocational Training). In 2016 his son, Insa DRAME, took over the management of the family business to ensure its development and sustainability and here in 2018 a new page opens for C.A.I.F. with the investment of Teranga Capital.
ABOUT TERANGA CAPITAL
Teranga Capital is an impact investment company dedicated to financing and supporting small businesses with high potential in Senegal. Its objective is to provide an innovative solution to meet the financing needs of small and medium-sized enterprises, between 50 million and 300 million CFA francs.
Teranga Capital is aimed at SMEs with strong growth potential from all sectors and regions of Senegal. It strengthens equity capital and becomes a minority shareholder of SMEs over a time horizon of around 5 years, and ensures active and personalized support according to the specific needs of each company in the portfolio. Accompanying businesses aim to be supported
in formalizing their management, strengthening their organization, increasing their skills and accelerating their commercial development.
Teranga Capital is anchored in Senegal and has raised a capital of 4 billion CFA francs from leading players: Investors & Partners (I & P), the Sovereign Strategic Investment Fund (FONSIS), SONATEL, ASKIA Insurance, Société Générale Banks in Senegal (SGBS), Africarena Ventures and several Senegalese individual investors.
By virtue of its mission, Teranga Capital aims to make a complementary contribution to the entrepreneurship support mechanisms in place in Senegal, and to collaborate with all the actors of the SME environment in Senegal.
For more information: www.terangacapital.com
