Kuramo Capital Mgt Appointed as Fund Manager for Nigeria Wholesale Impact Investment Fund

Impact Investors Foundation (IIF) is delighted to announce the appointment of Kuramo Capital Management as the official fund manager for the Nigeria Wholesale Impact Investment Fund (WIIF).

In a statement, it was noted that the strategic partnership marks a significant milestone in Nigeria’s journey towards sustainable development and impactful investment.

Kuramo Capital Management will leverage its expertise to drive the WIIF’s mission of fostering social and environmental impact alongside financial returns.

The fund aims to address critical issues such as poverty alleviation, job creation, and sustainable economic growth through targeted investments in key sectors including agriculture, renewable energy, healthcare, and education.

The Chief Executive Officer, Ms Etemore Glover, said: “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.”

The Chief Executive Officer, Kuramo Capital Management, Mr. Wale Adeosun, said: “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.”

The structuring of the Nigeria Wholesale Impact Investment Fund is set to commence under the management of Kuramo Capital Management immediately, with a first close oF $1 Billion. This collaboration is expected to catalyze further interest and participation in the impact investment space within Nigeria and Africa.