Vital Capital Invests in Uganda-based Tomosis Dairy Farms and Ghana-based Prabon Community Project (Sub-Saharan Africa)
Posted On: 02 Apr 2014 | Source: Vital Capital
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has invested up to US$9 million in the Uganda-based Tomosis Dairy Farms project in cooperation with local entrepreneur Odrek Rwabwogo of Tomosi’s Farm, a producer of dairy products. The investment objectives include improving yields for local farmers and modernizing collection processes. Separately, Vital Capital has invested up to US$15 million in the Prabon community building project, an initiative for the construction of a 500-unit community near Kumasi, Ghana. This project is intended to provide housing to the middle class in and around Kumasi.