Senegal: Impact investor backs sanitation company
Investisseurs & Partenaires, through its fund I&P Afrique Entrepreneurs 2 (IPAE 2), announced a new equity investment in DELTA SA, a Senegalese company specialised in the sanitation and construction sector.
Created in 2002 by Léna Tall, DELTA SA benefits from a contract from its strategic partner ONAS (Office National de l’Assainissement du Sénégal), which entrusts the company with the maintenance of a large part of Dakar’s sanitation network and the management of pre-winter sanitation operations in Dakar and throughout the country. Since 2013, the company has also developed new services in the construction sector (extension of sanitation networks, construction, building renovation and maintenance, drinkable water conveyance, etc.).
“We are proud to support DELTA SA in a new development phase. We believe that our long-term investment policy, the complementarity of our skills, and our strategic partnership with Ms Léna Tall, an experienced entrepreneur who has shown her ability to generate strong growth for several years, will help the company to accelerate its expansion. This partnership is also the occasion to promote female entrepreneurship in Senegal, as the promoter is the only woman to lead a large company in the sector,” underlines Marguerite Tall, I&P investment manager.
Thanks to I&P’s support, DELTA SA was also able to secure a grant from the USAID West Africa Trade & Investment Hub, which aims to improve access to financing for small businesses alongside other private investors, and to facilitate their growth while having a positive impact on sustainable development.