In recent months, Sinergi Burkina has made two new capital investments in Burkinabe companies, Palobdé and Bioprotect.
After several years of perseverance and co-construction, two companies have joined our portfolio. Palobdé is a company specialized in the production and marketing of reusable hygiene products.
These two companies have developed very well in just a few years. Judged too young at the beginning, Sinergi Burkina has supported these two companies in their structuring through the PACE seed program, in partnership with the United States Agency for Development (USAID).
“The first contacts of Emilie, founder of Palobdé with Sinergi Burkina date back to 2017, even before the creation of her company. From the discussions resulting from this first meeting, she understood that her project was not eligible for Sinergi Burkina’s funding. In 2018, we met her again and this time she created her company and defended her project with a lot of enthusiasm and passion. Sinergi had just launched the USAID-funded PACE seed program and we convinced the committee to support this company.”
“For Bioprotect, things also moved very quickly. The seed phase allowed us to validate the business model and to proceed with institutional clarification, which allowed the team to ramp up. The company’s revenue has grown strongly by 156% between 2019 and 2021.” Aïcha ZIO, Investment Director
As a result, the partnership with these two companies has moved to a new stage, with an equity investment.
Sinergi Burkina has now made 8 capital investments, of which 7 are still in progress and 1 has been exited. It continues its mission to promote the emergence of a new generation of responsible entrepreneurs in Burkina Faso.