The Education Impact Fund (EIF), announced a first investment in Ivorian publishing house Vallesse this week. EIF is an impact fund launched in November 2017 by TRECC and impact investing group I&P to achieve long-lasting, sustainable changes in education.
Vallesse is an Ivorian publishing house founded in 2005 by Fidèle Aké-Diomandé. It manages an editorial collection of 5 collections and around 70 books, 12 of which are accredited for the national school program. Vallesse actively participates in the promotion of young authors via literary competitions. EIF’s investment will help Vallesse develop its educational publishing activity in Ivory Coast.
Fidèle Aké-Diomandé, says she is satisfied: “[EIF’s] support in the structural reinforcement of our company allowed us to improve the management of our activity, notably through the optimization of our organization and our commercial strategy. Today, we can confidently meet the growing demand for our textbooks.”
According to Issa Sidibé, CEO of EIF’s managing partner Comoé Capital, “EIF supports a promoter with solid experience and reputation. She has shown resilience and found an innovative positioning in Ivorian literature, between the promotion of young new talents and a close collaboration with renowned authors such as Isaie Biton Koulibaly. The impact of Editions Vallesse is strong, both in its participation in the development of Ivorian youth education and in the promotion of African literature “.