VCTF sells impact investing to fund managers

Friday, August 9, 2013

Last week, the Venture Capital Trust Fund (VCTF) began the process of attracting impact investors, which it expects to make investments that will both give them profit and make positive social impacts at the same time.

The VCTF last week introduced its impact investing program to a selected audience of major local and international fund managers who it is now negotiating with to make impact investments in Ghana.

The presentation and subsequent negotiation are coming ahead of the formal commissioning of the GIMPA Centre for Impact Investing (GCII), which is slated for August 1st, 2013.

The Ghana Institute of Management and Public Administration (GIMPA) is partnering with the VCTF to promote impact investing in Ghana and their collaboration has already resulted in the establishment of the GCII.

Funding for the promotion of impact investing in Ghana and the establishment of the GCII itself is being provided by the Rockefeller Foundation of the United States.

Source: GhanaWeb (link opens in a new window)

Categories
Entrepreneurship, Investing
Tags
impact investing, investment fund, venture capital