Enko Education closes $5.8m Series A Funding To Ensure Its Growth On The African Continent

Enko Education a network of African international schools Adiwale Partners led the Series B round of $5.8 million. Followed by the Steyn capital family office, existing institutional investors Proparco and Investisseurs et Partenaires, and prominent figures in international education, entrepreneurship, and Africa,

Enko Education is a fast-growing network of African international schools, increasing access to the world’s best universities for learners across Africa.

Enko Education uses the International Baccalaureate programmes to provide students with a holistic and learner-centered education. Enko schools are also future-oriented. Learners are supported through the university guidance program to help them reach their higher education goals.

Since the opening of its first school in 2014 in Yaoundé, the Enko Education group has developed a network of 13 African international schools that welcome more than 3,500 students in 9 sub-Saharan African countries (Botswana, Burkina Faso, Ivory Coast, Cameroon, Mali, Mozambique, Senegal, South Africa, Zambia). This fundraising will allow the network to grow to 10,000 students by 2025.

By 2030, there will be 750 million African students in school. Enko Education schools in Africa offer quality international education to enable these young people access the top universities. Enko Education schools offer individualized support to university admissions. They also have the International Baccalaureate diploma, which is a certificate that focuses on Africa.

“Enko Education has become the first network of schools offering the International Baccalaureate programme on the African continent” explains Eric Pignot, Founder and CEO.

Cyrille Nkontchou, Founder and Chairman, adds: “This new round of financing will allow us to accelerate our growth through acquisitions and by selling our know-how in managing schools“.

The group’s strategic plan is to increase the number of its schools through acquisitions and management contracts. This model allows school owner to entrust their establishment to a group of professionals who are familiar with the operations of international schools.

Jean-Marc Savi de Tové, Managing Partner of Adiwale Partners, said: “Enko Education offers thousands of young Africans who will shape the world of tomorrow the opportunity to better prepare themselves to access the best university education through quality primary and secondary education. Adiwale Fund I’s investment will allow the Group, as part of its expansion, to invest in its infrastructure, but also to strengthen its human resources and teacher training.”

Enko Education is determined to be the global leader in education in Africa. The group has strong experience in the establishment and operation of schools across Africa.

“Today we are able to create, take over and manage schools offering national or international programmes, on behalf of investors as diverse as real-estate developers, NGOs, or individuals” explains Eric Pignot.

Enko Education schools share the same vision: to unlock learners’ potential across Africa by increasing access to the world’s best universities. Enko Education has already achieved remarkable results. Enko Education’s first graduates are currently studying at prestigious universities worldwide, including Sciences Po or Ecole Polytechnique in France and Yale College in America.

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