The IGVCF is dedicated to empowering profitable SMEs operating in Ghana’s high-growth sectors, which encompass mining support services, food and agriculture, education, healthcare, financial services, industrial services, and light manufacturing.
Established in 2009 by Jerry Parkes and Dadie Tayoraud, Injaro was created with the mission to provide essential capital to Ghanaian SMEs, fostering their expansion and contributing to economic growth across the continent. Over its 14 years of operation, the investment firm has managed $65 million across various funds, including Injaro Agricultural Capital Holdings and Agri-Business Capital Fund.
Injaro highlights that the IGVCF will supply vital resources to create job opportunities for thousands across Africa, augmenting the 3 million individuals who have already benefitted from the fund. The company aims to bolster Ghana’s economy and businesses while safeguarding the financial well-being of the pensioners whose capital it invests. Utilizing a blend of debt, equity, and quasi-equity instruments, the investment company intends to deploy the fund to ensure financial returns and foster quality growth among its investees.
To be eligible for funding, a company must have been operational for at least three years, generated a minimum revenue of GHS 20 million, and maintained a net income (EBITDA) of at least GHS 3.5 million ($281,055).
IGVCF will acquire either a majority or minority stake in investees, contingent upon their business model. Future exits will be contingent on factors such as cash flow, sponsor buy-outs, strategic mergers and acquisitions, or initial public offerings.
Having invested its initial $2 million in Zeepay’s Series A round, IGVCF pledges to promote environmental, social, and governance practices among its portfolio companies, thereby facilitating sustainable economic growth across Africa.
Source: TechpointAfrica