The Empower Africa Business Platform is Now Live !!!
Ghana’s Venture Capital Trust Fund (VCTF) has led a $10.5 million investment in Mirepa’s Maiden Fund..
The investment marks a significant milestone in Ghana’s efforts to support local entrepreneurship.
Mirepa’s Maiden Fund, a pioneering venture capital fund launched by Mirepa Capital, aims to fill the funding gap for Ghanaian small and medium-sized enterprises (SMEs).
The fund will primarily focus on companies in the technology, fintech, health tech, and renewable energy sectors.
Mirepa’s Maiden Fund seeks to drive job creation and contribute to sustainable development by investing in these innovative ventures.
The investment in Mirepa’s Maiden Fund is expected to attract additional contributions from local and international investors, further boosting the fund’s firepower to support budding entrepreneurs.
As Ghana continues to foster a conducive environment for SMEs, the collaboration between Ghana’s Venture Capital Trust Fund and Mirepa’s Maiden Fund is poised to play a pivotal role in catalyzing the growth of innovative ventures and creating job opportunities.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
AgDevCo has invested $7 million in Planting Naturals, a Sierra Leone-based producer of certified organic palm oil.
Standard Bank has committed $10 million to the African Women Impact Fund (AWIF), a move aimed at empowering women fund managers across Africa.
Egyptian fintech startup Munify has successfully closed a $3 million seed funding round, spearheaded by the Silicon Valley accelerator Y Combinator, with backing from BYLD and Digital Currency Group (DCG).