Ghana Innovation Journal
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6 Questions with Nicholas Carl Clerk (Investment Ecosystem Development Manager, Renew Capital)
Nicholas Carl Clerk is an Investment Ecosystem Development Manager at Renew Capital, supporting the establishment of Renew Capital’s presence in Ghana through the engagement of investment and development ecosystem actors and the management and execution of private sector consulting and development projects. Nicholas supports the facilitation of gender-smart programs and assists in all aspects of
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Ghana Venture Capital Trust Fund commits GHS 173 million to 5 private equity investors after its recapitalization.
After not undertaking any investments between 2011 – 2015 and 2017 – 2020, the government-backed private equity fund of fund investment vehicle, the Ghana Venture Capital Trust Fund (VCTF) has so far committed GHS 173 million (approx. $11.2 million) to investors after its $40 million recapitalization. In between the fallowing periods, the Fund committed capital
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6 Questions with Prince Boateng Asare (CEO, STEMAIDE).
Prince Boateng Asare is a User Experience Designer with over ten years of experience. As the CEO of STEMAIDE, he spearheads the education technology company’s vision to provide educational tools and foster a supportive environment to equip young Africans with the necessary skills and mindset to thrive. He is also a co-founder of IoT Network
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Oasis Capital Ghana hits $33.3 million first close for its $100 million Oasis Africa Fund II.
Oasis Capital Ghana, the West Africa-focused growth and venture capital fund manager, has reached the first close of Oasis Africa Fund II at $33.3 million, making it the largest local Ghanaian fund yet. The Accra and Abidjan-based firm hopes to reach a final close of $120 million by the end of June 2025. Oasis Africa
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12 Ghana-based startups and ESOs selected for the Africa Tech Startup Forum Incubation programme.
12 Ghana-based startups and Enterprise Support Organizations (ESO) selected for the Africa Tech Startup Forum Incubation programme. The African Tech Startup Forum is a market access and acceleration program designed to prepare, train, expose, and connect tech ventures with opportunities. Through the incubation program, it provides a supportive environment and provides startups with resources, mentorship,
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Sommalife raises an undisclosed funding round from Wangara Green Ventures
Sommalife, the Wa-based shea-focused agtech platform, has closed an undisclosed funding round from Wangara Green Ventures. Sommalife Limited is rapidly establishing itself as a leader in merging technology, productivity, and environmental sustainability. What problem is Sommalife solving? Over 16 million women in West Africa, particularly Ghana, depend on shea nut production for survival. However, desertification,
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3Farmate Robotics secures $100,000 from Reddit co-founder Alexis Ohanian’s 776 Foundation.
3Farmate Robotics has been selected for Reddit co-founder Alexis Ohanian’s 776 Foundation climate cohort. As part of the fellowship, the company will receive a $100,0000 grant to support its mission to automate farming in Africa. What problem is 3Farmate Robotics solving? Mechanization and power utilization levels in agriculture in Sub-Saharan Africa remain the lowest globally.
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Belinda Baah appointed as co-Director of the innovation policy co-creation organisation Innovation for Policy Foundation.
The Innovation for Policy Foundation (i4Policy) has appointed Belinda Baah as a co-director of the pan-African non-governmental organization that brings citizens, communities, and governments together to co-create the future. As a co-director, Belinda will continue to lead the Foundation’s feminist innovation policy work and ensure all its activities have a gender lens. She will also
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GEA streamlines MSME classification to empower businesses and policymakers.
The Ghana Enterprises Agency (GEA) has passed a new legislative instrument aimed at standardizing the classification of micro, small, and medium enterprises (MSMEs) in the country. Why the need for MSME classification? The classification serves a dual purpose: firstly, it standardizes the definition of micro, small, and medium enterprises in Ghana. This creates a clear
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Regenerative skincare ingredient supplier MoringaConnect raises undisclosed funding from Mirepa Capital.
MoringaConnect Inc (DBA True Moringa), the Ghana-based agritech has secured an undisclosed funding round from the impact-focused investment firm, Mirepa Capital. The company which supplies natural skincare & wellness products and organic bulk ingredients will use the capital to strengthen its local supply chain as well as boost its distribution capacity in the US and