The Africa Development Fund (FADEV) successfully completed a new exit by selling to Comoé Capital (I & P) its participation in the Ivorian company Vallesse SARL, a publishing house for youth and extracurricular literature created in 2005.
Montreuil, January 16, 2018. The FADEV, formerly Fonds Africaine carried by Garrigue, entered the capital of the company Vallesse SARL in 2013 realizes a new release after fulfilling its objectives! Vallesse SARL is one of eight portfolio companies supported by FADEV.
The publishing house, supported by its manager, Mme Diomandé, is now one of the leading publishers in Côte d’Ivoire.
FADEV has brought a first partner current account of 22,000 euros upon its entry in 2013 to strengthen the working capital of the company and allow it to support the pace of investment. This allowed a turnover increase of 68% in 2014.
In recognition of the seriousness and technical abilities of the company, the Ministry of National Education and
In March 2015, Côte d’Ivoire Technical Education awarded him the development and distribution of educational textbooks (Music Education 6th and 5th, History Geography 4th and 3rd). To support this important order, the FADEV brings a second partner current account of 25,000 euros which allows the realization of these works.
In parallel, the technical support of FADEV and its Ivorian partner the CCDE (Center for Communication and Company Development) reinforces the value-social Vallesse company. Existing jobs are consolidated, and new ones are created. The Ivorian cultural environment and its authors are valued, all content being produced locally.
For Ms. Diomandé, “the FADEV was there when no one trusted me and allowed me to maintain the activity”.
Today, FADEV sells its shares to Comoé Capital, a local investment fund led by Investisseurs & Partenaires, which has financial capacities now more adapted to the size and challenges of the company.
Created in 2005 at the instigation of Tech-Dev and Garrigue, the Fonds Afrique sub-fund is becoming autonomous in 2013 to become Fonds Africaine Développement (FADEV), a cooperative society of collective interest (SCIC). It is a solidarity investment company that aims to support entrepreneurs in Africa based on the values of social entrepreneurship. The cooperative enables growing micro, small and medium-sized enterprises to obtain financial, technical and technological support coupled with local coaching by our local partners in order to sustain their activities and development on the continent.
FADEV is a key player in the mesofinance sector in Africa!
The FADEV device is unique. We provide financial, technical and technological support to African SMEs. From the choice of our statutes, through our governance model to the selection of our SMEs we are driven by the search for societal utility and the values of sharing, solidarity and transparency!