BII's Growth Investment Partners backs Ghanaian agribusiness company
British International Investment's platform, Growth Investment Partners Ghana, has announced an investment in Truecoco.
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British International Investment's platform, Growth Investment Partners (GIP) Ghana, has announced an investment in Truecoco, an agricultural processing company in the West African country.
The investment will fuel Truecoco’s soya bean processing expansion and fund a biochar carbon removal project.
“Our investments in Ghana highlight our commitment to supporting sustainable economic development and fostering impactful growth across key sectors. By partnering with innovative companies like Truecoco, we are contributing to local job creation, environmental sustainability, and the empowerment of smallholder farmers, which are central to our mission,” said Kwabena Asante-Poku, coverage director for Ghana at British International Investment.
“We are very excited about the Truecoco investment and the opportunity to support local agri-processsing companies. Commercially successful businesses such as Truecoco are vital to building local agri-processing capacity, strengthening Ghana’s agricultural value chain and enhancing food safety,” said Jacob Kholi, chief executive and investment officer at GIP Ghana.
“I am delighted to complete this transaction with GIP; their innovative funding mechanisms are a good fit for our business growth plans. We are excited to deploy this capital to expand our existing business and launch our state-of-the-art carbon capture project. Ghana must play a significant role in climate change mitigation, and we are determined to be a key player,” commented Freddy Lydford, managing director of Truecoco Ghana.
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