Uhuru Investment Partners, a Lagos and Abidjan-based middle-market private equity company, announced the first close of Uhuru Growth Fund I (UGF) at USD 113 Mn, with capital support from CDC Group, as well as other DFI partners, commercial and impact investors. UGF is also backed by AfricaGrow, Kuramo Capital, European Investment Bank, SIFEM, and Finfunnd.
The funds will be used to help businesses that create jobs, improve access to consumer products and services, and expand access to the healthcare and fintech sectors. The first-generation fund will invest in Nigeria, Ghana, and other Francophone markets in West Africa.
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