Injaro Investments Advisors Limited, a leading investment firm in Ghana, has successfully raised GHS 216 million ($17.5 million) for its Injaro Ghana Venture Capital Fund (IGVCF). This locally-denominated fund will be utilized to invest in high-growth small and medium-sized enterprises (SMEs) across Ghana and Côte d’Ivoire.
The IGVCF has garnered strong support from a diverse range of investors, including prominent Ghanaian institutions such as the Venture Capital Trust Fund, the Minerals Income Investment Fund Ghana, and several leading pension funds.
Injaro Investments, with a proven track record spanning over 14 years, has a strong focus on supporting businesses across key sectors, including mining support services, food and agriculture, education, healthcare, and financial services. The firm aims to provide the necessary capital and guidance to enable these SMEs to scale their operations, create jobs, and contribute significantly to economic growth in the region.
The IGVCF will employ a flexible investment strategy, utilizing a combination of debt, equity, and quasi-equity instruments to meet the unique needs of each investee company. The fund will prioritize companies that have demonstrated strong financial performance and a commitment to sustainable and responsible business practices.
This significant investment by Injaro Investments underscores the growing importance of private capital in driving economic development across Africa. By supporting the growth of high-potential SMEs, the IGVCF will play a crucial role in fostering a more inclusive and prosperous future for Ghana and the broader West African region.
