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Ghana: Injaro launches the first local investment capital fund in cedi

22/03/2022
Categories: Companies

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Injaro Investment is present in agribusiness and agro-industry in West Africa through Injaro Agricultural Capital Holding (IACHL). The company, which started in April 2012 with $49 million, has just launched the first local investment capital fund in cedi.

The Injaro Ghan Venture Fund (IGVCF) is the first local fund domiciled in Ghana and denominated in Ghana cedi. The fund is denominated in local currency (GHS), thus eliminating the pressures linked to the exchange risks generally suffered by funds denominated in strong currencies, in particular the dollar and the euro.

Targeting a size of 150 million cedis (€18,620 million) over ten years, the fund will invest with tickets ranging from 8 to 10 million cedis in companies in key sectors such as agribusiness, education, inclusive financial services , health, business and industrial services. It will make equity, quasi-equity or debt investments in SMEs in Ghana (80%) and Côte d'Ivoire (up to 20%).

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