Finnfund invests in Uhuru Growth Fund I to foster growth of West African businesses
Finnfund, a Finnish development financier and impact investor, announce today a USD 10 million commitment to Uhuru Growth Fund I (UGF). UGF is the first generation fund focusing on high growth SME and middle market businesses operating in the consumer-facing and financial services sectors. The fund will seek investments in West African countries including Nigeria, Ghana, Côte d’Ivoire and other Francophone West African markets such as Burkina Faso, Mali and Senegal. Finnfund’s commitment is part of the first close of Uhuru Growth Fund I (UGF) at USD 113 million, announced by Uhuru