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Savannah Impact Advisory has announced the successful first close of its flagship investment vehicle, Ci Gaba VC Limited, raising approximately GHS383 million toward its GHS1 billion target.
The blended finance fund is designed to strengthen Ghana’s private capital landscape by investing in high-growth sectors such as agriculture, financial services, healthcare, clean energy, education technology, and light manufacturing, with a focus on inclusive development across West Africa.
Positioned as the first private fund of funds domiciled in the region, Ci Gaba aims to unlock domestic institutional capital for deployment into venture capital, private equity, and private debt funds supporting small and medium-sized enterprises. It will invest in both emerging and established fund managers across Ghana, Nigeria, Senegal, and Côte d’Ivoire.
Founder and CEO Hamdiya Ismaila described the milestone as a strong signal of investor confidence, noting that the fund seeks to reshape how private capital is mobilised and deployed to drive inclusive growth across the continent.
The fund is backed by a mix of local and international partners, including Impact Investing Ghana, FSD Africa Investments, Small Foundation, Stanbic Investment Management Services, and CAL Asset Management Company Limited, with additional support from Argidius Foundation and FMO.
The development marks a significant step in efforts to deepen private sector financing and support SME growth, reinforcing Savannah Impact Advisory’s mission to unlock domestic capital and attract investment into Africa’s growing economies.
Source: citinews
