The Impact Investors Foundation (IIF) has appointed Kuramo Capital Management as the official fund manager for the Nigeria Wholesale Impact Investment Fund (WIIF). This collaboration marks a key step in Nigeria’s ongoing efforts to foster sustainable development and impactful investment.
Etemore Glover, CEO of IIF, expressed enthusiasm about the partnership, emphasizing Kuramo’s shared commitment to using capital to drive positive change. He noted, “We are excited to collaborate with Kuramo Capital Management, a firm aligned with our mission of utilizing capital for social good. With their expertise, we are confident that the WIIF will generate meaningful impacts and contribute to Nigeria’s sustainable development, while ensuring market-competitive returns for investors.”
Kuramo Capital Management, a prominent African investment firm, will apply its extensive experience to manage the fund’s objectives. The WIIF seeks to address pressing challenges, including poverty reduction, job creation, and fostering long-term economic growth, by making strategic investments in sectors such as agriculture, renewable energy, healthcare, and education.
Wale Adeosun, CEO and Founder of Kuramo Capital Management, commented on the partnership, saying, “We are honored to oversee the WIIF. Our team is committed to meeting the fund’s goals and delivering both financial performance and measurable social impact. We are eager to collaborate with all stakeholders to unlock the potential of this transformative initiative.”
The structuring of the fund is set to begin under Kuramo’s management, with the first closing expected to reach $100 million. This partnership is anticipated to spur more interest and participation in the impact investment sector in Nigeria and across Africa.
