Impact Investors Foundation (IIF) (https://ImpactInvestorsFoundation.org) is pleased to announce that Kuramo Capital Management has been appointed as the official fund manager for the Nigeria Wholesale Impact Investment Fund (WIIF). This partnership signifies a significant step in Nigeria’s pursuit of sustainable development and impactful investment.
Kuramo Capital Management, a reputable investment firm with a successful track record in managing assets across Africa, will utilize its expertise to support the WIIF’s mission of promoting social and environmental impact while also generating financial returns. The fund’s focus is on addressing critical issues like poverty alleviation, job creation, and sustainable economic growth by investing in sectors such as agriculture, renewable energy, healthcare, and education.
“We are excited to collaborate with Kuramo Capital Management, a firm that shares our commitment to utilizing capital for positive purposes,” stated Ms. Etemore Glover, CEO of IIF. “With Kuramo’s dedication to impact, we are confident that the WIIF will drive tangible positive change and contribute to Nigeria’s sustainable development while offering market risk-adjusted returns to investors.”
“We are honored to manage the WIIF,” said Mr. Wale Adeosun, Founder and CEO of Kuramo Capital Management. “Our team is focused on achieving the fund’s objectives and delivering both financial returns and measurable social impact. We look forward to collaborating with all stakeholders to maximize the potential of this transformative initiative.”
The structuring of the Nigeria Wholesale Impact Investment Fund will commence under Kuramo Capital Management’s management, starting with a first close of $100 million. This partnership is expected to stimulate further interest and engagement in the impact investment sector in Nigeria and Africa.
Distributed by APO Group on behalf of Impact Investors Foundation.
Contact Information:
Chukwuemeka Ezechukwu
WIIF Programme Manager
Impact Investors Foundation
Email: cezechukwu@impactinvestorsfoundation.org
Mobile: +2347036436974
About Kuramo Capital Management:
Kuramo Capital Management is a leading independent multi-asset class fund manager focused on delivering superior risk-adjusted returns and impact through investments in Africa. Founded in 2010 with headquarters in New York City, the company has subsidiaries in Nigeria and Kenya. Kuramo has made a significant impact in Africa by supporting private equity firms, businesses, and creating job opportunities.
About Impact Investors Foundation (IIF):
The Impact Investors Foundation (IIF) is a non-profit organization established in 2019 to accelerate the growth and excellence of impact investing in Nigeria. IIF plays a crucial role in fostering the impact investing ecosystem in Nigeria through collaboration with various stakeholders to enhance its growth. The establishment of the Nigerian National Advisory Board for Impact Investing (NABII) in 2020 further signifies IIF’s dedication to promoting impactful investments in Nigeria.