Enko Education completes series B of 2.5 billion Fcfa to accelerate its growth on the African continent

Enko Education, Africa’s network of international schools announced the closure of series B of this $ 5.8M (approximately 2.5 billion FCFA) led by Adiwale Partners, and followed by Family Office Steyn Capital, the current institutional investors Proparco, Investors and Partners and Liquid Africa, as well as well -known personalities in international education and entrepreneurship in Africa. This Series B fundraising, which closed on April 30, demonstrates Enko Education’s ability to replicate the new education model.

It will reach 10,000 students by 2025

By 2030, 750 million young people in Africa will be old enough to go to school. To allow these young people to access the best university, Enko Education schools offer quality international education in Africa at the primary, middle and high school levels. Individual support for university admissions, the International Baccalaureate program and African roots comprise the winning trio of Enko recipes. Within a few years, Enko Education had become the first network of schools to offer the International Baccalaureate program in Africa. Our team has developed exceptional knowledge in managing educational establishments across the continent, explained Eric Pignot, Founder and Managing Director. This new fundraising will allow us to accelerate our progress, by taking over existing schools and by launching new schools under management, added Cyrille Nkontchou, Founder and President.

Since opening the first school in Yaound in 2014, the Enko Education group has built a network of 13 international schools in Africa that welcome more than 3,500 students in 9 countries in the Sub -Saharan Africa (South Africa, Botswana, Burkina Faso, Ivory Coast, Cameroon, Mali, Mozambique, Senegal, Zambia). The ambition of this new student is to increase the number of students in the network to reach 10,000 students by 2025.

The group’s strategic plan is to increase the number of its schools, by acquiring and taking over schools under simple management. This latter model allows school owners to delegate the management of their establishment to Enko Education, which acts as a school operator. Jean-Marc Savi de Tov, Managing Partner of Adiwale Partners, testified: Enko Education offers the possibility for thousands of young Africans to shape the world of tomorrow to better prepare themselves for access of the best university courses, thanks to quality primary and secondary education. The investment from Adiwale Fund I will allow the group, as part of its expansion, to invest in its infrastructure, but also in strengthening its human resources and in the training of teachers.

The operator model of Enko Education or the management of private schools in Africa

Enko Education aims to be a leader in international education in Africa. The group has developed strong skills in launching and operating schools on the continent. Today we are able to create, manage, and manage schools that offer national or international programs, for actors as diverse as property developers, NGOs, or individual owners. explained Eric Pignot.

Enko Education schools all aspire to the same vision: to reveal the potential of students on the continent by giving them access to the best university in the world. The Enko Education model has already produced good results because students in the first promotions are now studying at prestigious universities around the world, such as Yale College in the United States, Sciences Po or the Ecole Polytechnique in France, the University of Toronto in Canada. , the African Leadership University in Rwanda or the Capital University of Economics and Business in China.

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