A network of international schools to widen education provision in Sub-Saharan Africa

South Africa Cameroon Côte d'Ivoire Mozambique Multi-country Africa
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Enko Education
Proparco is supporting the creation and running of thirty or so international schools in French-speaking Africa. This project is being led by Enko Education Group and will extend education provision for African middle classes.
Client presentation
Enko Education is a young group which aims to structure a pan-African network of high-quality private schools, accessible to the middle and upper classes. Enko operates from South Africa and has already successfully launched two first schools in Cameroon and Mozambique and made an acquisition in South Africa.
Project description
The project consists in opening about thirty schools, mainly in French-speaking Africa, and establishing curricula leading to the International Baccalaureate. Proparco's investment will finance the first years of operation for existing schools, as well as the launch of new schools in 2016 and 2017.
Project impact
There are two main socioeconomic impacts expected from this project. Firstly, this project will contribute to improving education provision in several border countries of Sub-Saharan Africa. Secondly, by charging tariffs that are lower than prevailing prices, the project will allow some 6,000 African students, in particular from middle classes, to access this type of service.
12/07/2016
Date of signature of the project
Sectors
South Africa Cameroon Côte d'Ivoire Mozambique Multi-country Africa
Location
Financing tool
1 000 000 Euros
Amount of funding
Equity investment of USD 1.1m
Financing details
ENKO ED LTD
Client
CES