Industrial Promotion Services (West Africa] is an institution for industrial promotion at the service of development, created in 1965 by the Aga Khan Fund for Economic Development (AKFED), its majority shareholder.
IPS (WA) aims to encourage and develop private enterprise, in order to create value intended to be reinvested in the countries in which it operates, after fair remuneration for shareholders, either in the improvement of existing tools, or in development projects, having an impact on the improvement of the standard of living of the populations, in particular since the last ten, in infrastructure projects.
This institution now brings together activities in Côte d’Ivoire, Burkina Faso and Senegal in three major sectors and employs around 4,400 people,
- Packaging : FILTISAC, COFISAC et FUMOA
- Agro-industry : IVOIRE COTON, FASO COTON, SN SOSUCO
- Infrastructure : AZITO ENERGIE
As well as in SMEs with CHIMTEC.
Created in 1965, FILTISAC, the first project of IPS (WA) is a manufacturing unit of bags made of natural fibers, jute, intended for the packaging of cocoa, coffee and cashew.
In 1988, FILTISAC diversified its activities by creating a manufacturing unit for synthetic fiber packaging.
During the 1990s, it created subsidiaries in WAEMU, including COFISAC and FUMOA in Senegal.
In 2009, FILTISAC absorbed its subsidiary SISEP, which specializes in the production of rigid plastic packaging (preforms, bottles, flasks, jerrycans, cans, etc.). In 2013, Groupe Fibako Ivoirembal, a company specializing in the manufacture of rope and twine located in Bouaké, was absorbed by FILTISAC. FILTISAC is one of the jewels of the Ivorian economy thanks to its social policy, coupled with a quality of service based on the competence of its men.