The CEO of Kuramo Capital, Mr Wale Adeosun and the CEO, Impact Investors Foundation, at the handing over of the appointment letter to Kuramo Capital in Lagos, Nigeria

Impact Investors Foundation (IIF) has announced the selection of Kuramo Capital Management as the official fund manager for the Nigeria Wholesale Impact Investment Fund (WIIF). This collaboration signifies a significant achievement in Nigeria's pursuit of sustainable development and impactful investment.

Kuramo Capital Management, a prominent investment company with a proven track record in managing assets throughout Africa, will utilize its expertise to advance the WIIF’s objective of promoting social and environmental impact in conjunction with financial gains.

The fund is dedicated to tackling pressing issues such as poverty reduction, job creation, and sustainable economic development through targeted investments in key sectors like agriculture, renewable energy, healthcare, and education.

The CEO of Kuramo Capital, Mr Wale Adeosun and the CEO, Impact Investors Foundation, at the handing over of the appointment letter to Kuramo Capital in Lagos, Nigeria

"We are delighted to partner with Kuramo Capital Management, a firm that shares our vision of harnessing the power of capital for good," said Ms Etemore Glover, CEO of IIF. "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."

"We are honoured to be entrusted with the management of the WIIF," said Mr. Wale Adeosun, Founder and CEO of Kuramo Capital Management. "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 establishment of the Nigeria Wholesale Impact Investment Fund, managed by Kuramo Capital Management, is poised to commence operations promptly. An initial closing of $100 million is anticipated, serving as a catalyst for increased attention and engagement in the impact investment landscape within Nigeria and Africa.