Fund of funds launches in Ghana to unlock $75m of funding for local capital providers
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Impact Investing Ghana (IIGh) has begun the operational setup of its Ci-Gaba fund of funds, which seeks to unlock US$75 million in local and international funding for local capital providers, who are investing in small and medium enterprises (SMEs) to advance the Sustainable Development Goals (SDGs).
Impact Investing Ghana (IIGh) is setting up the operational structure for its Ci-Gaba fund of funds, which aims to unlock $75m in funding for local capital providers investing in small and medium-sized enterprises in Ghana and West Africa. The private sector-led fund of funds, which is the first of its kind in Ghana, will invest locally and across West Africa, with the aim of advancing the Sustainable Development Goals. A grant from the UK Foreign Commonwealth and Development Office RISA Fund has allowed the fund of funds to begin its operational setup, secure anchor funders and launch.
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