Birimian Holdings launches investment fund to invest in African brands for expansion regionally & internationally

Birimian Holdings has started an investment fund that is based in Abidjan (Côte d’Ivoire) which aims to support African fashion brands in the continent to accelerate the growth of these businesses regionally and internationally. The fund will provide long-term financing of between US$30,000 and US$3-million (maximum) based on the different growth stages of each African brand. Birimian was established in 2021 by private equity industry veteran, Laureen Kouassi-Olsson.

Birimian aims to accelerate the emergence of African inspired designers on the international scene by positioning itself as their key strategic partner in 4 segments which are fashion & apparel, accessories, beauty & cosmetics and gourmet. Birimian is of the view that despite increasing international visibility of African heritage luxury and premium brands, upside potential is hampered by a scarce access to finance, limited production capacities and their exclusion from the international value chain. Birimian has partners such as the Institut Français de la Mode, Who’s Next, Premiere Classe and Asafo & Co among others.

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