• Latest
  • Trending
Injaro VC secures $17.5m to invest in Ghanaian,Ivorian SMEs

Injaro VC secures $17.5m to invest in Ghanaian,Ivorian SMEs

February 14, 2024
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Injaro VC secures $17.5m to invest in Ghanaian,Ivorian SMEs

Felicia Akindurodoye by Felicia Akindurodoye
February 14, 2024
147 3
0
Injaro VC secures $17.5m to invest in Ghanaian,Ivorian SMEs
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

With the goal of assisting first-rate SMEs in Ghana and the Ivory Coast, Injaro Investment Advisors Limited, an investor in funds across multiple sectors, has amassed a sum of $17.5 million. 

Jo When the Injaro Ghana Venture Capital Fund (IGVCF) closed at GHS 216 million ($17.5 million), a private equity fund denominated in Ghana Cedi, this was announced.

Among the institutional investors named by the firm as having contributed to the equity fund are the following: Databank group, PETRA securities, Stanbic Investment Management Services, Ghana and local pension funds, Venture Capital Trust Fund, and Minerals Income Investment Fund.

According to the company, Injaro Ghana Venture Capital Fund (IGVCF), a private equity fund denominated in cedis, was established to support successful small and medium-sized enterprises (SMEs) in Ghana’s fast-growing industries. Light manufacturing, education, healthcare, industrial services, mining support services, and food and agriculture are among the targeted industries.

RelatedPosts

SBM Bank, Caetano partner to provide car loans with 72-month instalments for Kenyans

Safaricom reduces business fibre prices by 25% to attract SMEs

Jetstream lands fresh Cauris investment to tackle Africa’s $120 billion trade finance gap

Stimulating Ghana’s economy is equally important to the company’s goals, and they stress the need to safeguard the assets of the pensioners to whom the funds belong.

Read also: FSB celebrates 50 years anniversary, honours SMEs

If a small or medium-sized enterprise (SME) wants to apply for the fund, they need to meet certain criteria set out by Injaro. These include having been in business for three years, making GHS 20 million in revenue, and having an EBITDA of at least GHS 3.5 million ($281,055).

IGVCF will automatically buy a sizable or small percentage of the company as part of the plan. The firm went on to say that funding, sponsor buyouts, strategic mergers and acquisitions, initial public offerings, or cash flow could determine a future exit.

More About Injaro 

In 2009, Jerry Parkes and Dadie Tayoraud established Injaro. Its long-term goal is to back small and medium-sized enterprises (SMEs) in Ghana so they can expand their business and boost the continent’s economy.

The investment firm has been around for 15 years, and it oversees multiple funds totalling $65 million, such as Injaro Agricultural Capital Holdings and Agri-Business Capital Fund. In addition to the three million people who have benefited from the fund thus far, the company explained that IGVCF will supply the funds needed to generate employment opportunities for thousands of people in Africa.

While ensuring the safety of the pensioners whose funds it invests, the company intends to boost Ghana’s economy and companies. To aid in the sustainable development of Africa’s economy, the firm also seeks to encourage good environmental, social, and governance practices among the businesses that make up its portfolio.

Mastercard, Alerzo partner to digitize Nigerian SMEs

Investing in SMEs in West Africa

Many factors combine to make investing in West African SMEs an attractive prospect. First, there is a huge demand for goods and services due to the region’s expanding population, which is accompanied by an increase in urbanisation and a rising middle class. Small and medium-sized enterprises (SMEs) can meet these demands by providing novel solutions and regionally specific goods that are popular in their home markets.

Many small and medium-sized enterprises (SMEs) are quick on their feet and can easily adjust to the complicated business climate in West Africa. They are able to quickly respond to shifting market dynamics and seize new opportunities because of their adaptability.

Investment in small and medium-sized enterprises (SMEs) promotes economic growth and development by creating jobs, boosting innovation, and encouraging entrepreneurship. Investors help out underprivileged communities by bolstering these businesses, which in turn helps to alleviate poverty and empowers people economically.

Along with a wealth of unrealised potential in fields like renewable energy, technology, and agriculture, the West African region also has an abundance of natural resources. To achieve sustainable development and long-term prosperity, it is necessary to invest in small and medium-sized enterprises (SMEs) to explore and capitalise on these opportunities.

Small and medium-sized enterprise (SME) investments in West Africa can yield good profits while also helping the economy grow and making the region more inclusive.

Tags: Injaro VCSMEs
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.