IIF appoints Kuramo Capital as fund manager for WIIF

The Impact Investors Foundation has recently made a significant move by appointing Kuramo Capital as the official fund manager for the Nigeria Wholesale Impact Investment Fund. In a recent interview with CNBC Africa, Wale Adeosun, the CEO of Kuramo Capital, emphasized the importance of being intentional about impact investing for Nigeria's development. Adeosun highlighted the partnership with Kuramo Capital, noting their experience in investing on the continent and specifically in Nigeria, which has resulted in generating significant impact. He stressed the critical need for intentional impact investing in the current landscape of Nigeria's economic history. The fund raise for the Wholesale Impact Investment Fund has already reached a hundred million dollars, with a target goal set at one billion dollars. The strategy involves a mix of international and domestic fund sourcing from entities such as government, local pension fund administrators, global endowments, and foundations. Adeosun expressed confidence in attracting diverse sources of capital, citing previous success stories. The fund-to-fund approach will focus on key themes such as financial inclusion, healthcare, food security (agribusiness), social infrastructure (power, education, technology), gender inclusivity, and climate. These align with Kuramo Capital's past investment areas, indicating a synergistic partnership with the Wholesale Impact Investment Fund. Despite prevailing challenges, Adeosun remains optimistic about investment inflows into Nigeria, citing the identification of promising small and medium-sized enterprises across various sectors like financial services, healthcare, aviation, and education.