CardinalStone fund in line for IFC investment
The IFC has disclosed a proposed investment of up to $15 million in the CCA Growth Fund II.
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The International Finance Corporation has disclosed a proposed investment of up to $15 million in the CCA Growth Fund II, managed by CardinalStone Capital Advisers.
The generalist fund will make equity investments in SMEs across Nigeria and Ghana, as well as opportunistically in Francophone West Africa. It targets a diverse range of sectors, including consumer goods, industrials, healthcare, agribusiness, and financial services.
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