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Venture Capital Fund, Injaro signs GH¢25m agreement to support SMEs

  THE VENTURE Capital Trust Fund (VCTF) has signed agreement with Injaro Investment Advisors Limited (Injaro) as part of efforts to support small and medium enterprises (SMEs) in the country. Under the agreement, VCTF has committed $25 million to Injaro under its special equity fund dubbed Injaro Ghana Venture Capital Fund (IGVCF), meant to support more viable SMEs in the country. The money is part of the $150 million equity fund being put together by IGVC. The proposed 10-year fund will be targeting eight small and medium enterprises in food and agriculture, inclusive financial services, healthcare, education, manufacturing and industrial services. The Chief Executive Officer (CEO) of the Venture Capital Fund, Yaw Owusu-Brempong, signed on behalf of VCTF while the Managing Director (MD) of Injaro, Jerry Parkes, appended his signature for the Injaro Investment Advisors. The GH¢150 million equity fund is being raised from resources such as local pension funds and international inves...