PROJECT

Projects

Summary of Investment Information

Project Number

46119

Company Name

UHURU INVESTMENT PARTNERS

Date SPI Disclosed

May 13, 2022

Country

Western Africa Region

Region

Africa

Projected Board Date

Jun 24, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 10, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 24, 2022
Signed : Jun 30, 2022
Invested : Oct 11, 2022

Sector

Growth Equity Fund

Additional Project Attributes

Blended Finance

Project Description

IFC is considering an investment of up to US$20 million in Uhuru Growth Fund I (the “Fund”), a target US$200 million mid-market growth equity fund that will be making equity/quasi-equity investments in high growth companies in Nigeria, Ghana and Cote d’Ivoire (primary focus) as well as Senegal, Mali and Burkina Faso (secondary focus).

The Fund will be supported by the Blended Finance Facility (BFF) of the IDA19 IFC-MIGA Private Sector Window (IDA PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states.

Associated Advisory Engagement

 There are no advisory services associated with this engagement.             

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation