Adiwale Fund I ramps up support for Enko Education
Adiwale Fund I, managed by Adiwale Partners, has announced a follow-on investment in Enko Education.
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Adiwale Fund I, managed by Adiwale Partners, has announced a follow-on investment in Enko Education, a group of African international schools.
Adiwale first invested in Enko Education in 2022.
With 16 schools across 10 African countries (Botswana, Burkina Faso, Cameroon, Côte d’Ivoire, Mali, Mozambique, Senegal, South Africa, Togo and Zambia), Enko Education is the largest network of International Baccalaureate schools in Africa. It provides education to 7,500 students.
This transaction, part of an equity round led by Africa Capitalworks, increases Adiwale Fund I’s 2022 initial investment.
Jean-Marc Savi de Tové, managing partner of Adiwale Partners stated: “This follow-on investment underscores our strong belief in education as the primary tool for Africa development. Enko Education represents a unique opportunity to combine economic performance with social impact. We are proud to contribute to this ambitious educational project.”
Vissého Gnassounou, managing partner of Adiwale Partners added: “We are delighted to reinforce our partnership with Enko Education and support a critical sector for the development of African talents. The new round of financing will enable the company to reinforce itself and expand faster.”
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