Kuramo Capital Management has been designated as the official fund manager for the Nigeria Wholesale Impact Investment Fund (WIIF), the Impact Investors Foundation (IIF) is happy to announce.
The national news brand reports that the strategic relationship is a major step forward for Nigeria in its pursuit of meaningful investment and sustainable development, according to a statement.
Kuramo Capital Management will use its experience to further the goal of the WIIF, which is to promote financial returns coupled with social and environmental impact.
Through targeted investments in important sectors including agriculture, renewable energy, healthcare, and education, the fund seeks to solve important concerns like poverty reduction, job creation, and sustainable economic growth.
According to Ms Etemore Glover, the Chief Executive Officer: “We are delighted to partner with Kuramo Capital Management, a firm that shares our vision of harnessing the power of capital for good. With Kuramo’s expertise and commitment to impact, we are confident that the WIIF will drive significant positive change and contribute to the sustainable development of Nigeria while achieving market risk-adjusted return to investors.”
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Continuing, Mr. Wale Adeosun, the Chief Executive Officer, Kuramo Capital Management: “We are honoured to be entrusted with the management of the WIIF. Our team is dedicated to achieving the fund’s objectives and delivering both financial returns and measurable social impact. We look forward to working closely with all stakeholders to realize the full potential of this transformative initiative.”
However, under Kuramo Capital Management’s direction, the Nigeria Wholesale Impact Investment Fund’s structuring is scheduled to start right away, with a $100 million initial closure. It is anticipated that this partnership would spark additional interest and involvement in Nigeria and throughout Africa in the impact investing sector.
