Affect Buyers Basis (IIF) (https://ImpactInvestorsFoundation.org) is proud to announce the appointment of Kuramo Capital Administration because the official fund supervisor for the Nigeria Wholesale Affect Funding Fund (WIIF). This strategic partnership marks a big milestone in Nigeria’s journey in the direction of sustainable growth and impactful funding.
Kuramo Capital Administration, a number one funding agency with a powerful observe report in managing belongings throughout Africa, will leverage its experience to drive the WIIF’s mission of fostering social and environmental impression alongside monetary returns. The fund goals to deal with essential points equivalent to poverty alleviation, job creation, and sustainable financial development by way of focused investments in key sectors together with agriculture, renewable vitality, healthcare, and training.
“We’re delighted to associate with Kuramo Capital Administration, a agency that shares our imaginative and prescient of harnessing the facility of capital for good,” stated Ms Etemore Glover, CEO of IIF. “With Kuramo’s experience and dedication to impression, we’re assured that the WIIF will drive important optimistic change and contribute to the sustainable growth of Nigeria whereas reaching market risk-adjusted return to traders.”
“We’re honoured to be entrusted with the administration of the WIIF,” stated Mr. Wale Adeosun, Founder and CEO of Kuramo Capital Administration. “Our workforce is devoted to reaching the fund’s goals and delivering each monetary returns and measurable social impression. We look ahead to working intently with all stakeholders to understand the total potential of this transformative initiative.”
The structuring of the Nigeria Wholesale Affect Funding Fund is about to begin underneath the administration of Kuramo Capital Administration instantly, with a primary shut of $100 million. This collaboration is anticipated to catalyze additional curiosity and participation within the impression funding house inside Nigeria and Africa.
Distributed by APO Group on behalf of Affect Buyers Basis.
Contact Data:
Chukwuemeka Ezechukwu
WIIF Programme Supervisor
Affect Buyers Basis
E mail: cezechukwu@impactinvestorsfoundation.org
Cellular: +2347036436974
About Kuramo Capital Administration:
Kuramo Capital Administration is a number one unbiased multi-asset class fund supervisor centered on delivering superior risk-adjusted returns and impression by way of investments in Africa. The corporate was based in 2010 with its headquarters in New York Metropolis and has two subsidiaries, Kuramo Capital Restricted in Nigeria and Kuramo Capital Kenya Restricted in Kenya. Since inception, Kuramo has made a powerful impression in Africa by catalyzing $3.5 billion to African non-public fairness companies and companies anchoring 15+ PE funds and supporting 21 PE funds. The agency has supported over 350,000 jobs, investing in over 130 firms straight and not directly, and impacting over 500,000 lives.
About Affect Buyers Basis (IIF):
The Affect Buyers’ Basis (IIF) is a non-profit group established in 2019 to speed up the expansion and excellence of impression investing in Nigeria. Since its institution, IIF has been taking part in a number one position within the impression investing ecosystem in Nigeria by convening stakeholders in authorities, non-public and social sectors to work collectively to advance its development. In furtherance of its effort to deepen the expansion of the impression investing market, the IIF led the institution of the Nigerian Nationwide Advisory Board for Affect Investing (NABII) in 2020. Its position is to guide the design and implementation of a nationwide technique that addresses limitations inhibiting the expansion of impression investing whereas unlocking alternatives for extra impactful investments.