Five notable Ghanaian private capital deals
We highlight five Ghanaian private capital deals, as featured in our Dealmaker’s Log.
We highlight five Ghanaian private capital deals over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. AgDevCo invests in Ghanaian fish producer
Specialist agriculture investor AgDevCo signed a long-term investment of $10 million with Tropo Farms, a tilapia fish producer in West Africa.
AgDevCo’s investment will finance the construction of a modern processing facility and other production equipment. This will increase the company’s capacity to 30,000 tonnes within five years, contributing to improved nutrition and food security in Ghana. Read the full article
2. Mirepa Investment Advisors in Ghana agritech deal
Mirepa Investment Advisors, through its Mirepa Capital SME Fund I, announced an investment in Wami Agro, an agritech company based in Ghana.
Wami Agro provides farmers with access to finance and guaranteed market access. The company also offers capacity-building programmes, including information, education, and farm input recommendations to improve yields. Read the full article
3. Ghana: Injaro invests in out-of-home advertising company
Injaro Investment Advisors, a Ghanaian private capital fund manager, announced the acquisition by the Injaro Ghana Venture Capital Fund of Outdoor Holding Limited, which controls a majority stake in DDP Outdoor. Financial terms of the transaction were not disclosed.
DDP is an out-of-home (OOH) advertising company with 50 years of operational experience in Ghana. DDP operates about 1,400 advertising billboards across various OOH formats with nationwide coverage. The company serves a wide range of customers including multinationals and blue-chip companies with its services covering outdoor media rentals, airport advertising, printing and signage production as well as below-the-line advertising services. Read the full article
4. BII’s Growth Investment Partners backs Ghanaian agribusiness company
British International Investment's platform, Growth Investment Partners Ghana, 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. Read the full article
5. Renew Capital makes first investment in Ghana
Renew Capital made an investment in Ghana's Affinity, a full-scale digital bank which was established with a vision to provide banking services to 350 million adults who remain unbanked in Africa.
Operating as a digital banking platform, Affinity offers a full suite of banking services, including current, savings and investment accounts, transfers, payments and loans with a targeted focus on financially excluded populations in Africa. Read the full article
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