Category: Mirepa Investment Advisors

Innovation. Investment. Impact. These 3 i’s rallied industry experts across the continent to explore opportunities and solutions to realize Africa’s FinTech and digital economic potential under the aptly named 3i Africa Summit.

Mirepa Investment Advisors (MIA), attended the just ended 3-day summit, which was from May 13th to May 15th, 2024 at the Accra International Conference Centre (AICC). The aim for participating in the summit was to build industry relationships, share and gain insights, and identify opportunities we can invest in.

After a round of discussions, presentations and networking, a number of key insights were gleaned. 

One major feat of the summit was change; change fostered by policy. Through the introduction of progressive policies and collaborative agreements to transform the African Fin-tech space, the summit set itself apart as an avenue to propel true economic transformation. As an impact fund, MIA believes this is a positive move that can be supported with alternative investments to move the needle on scaling up SME growth, sustainability and competitiveness on the continent and beyond.

One of our key sectors and considerations are agribusinesses and women led businesses. The “Women in Tech Conference” forum on Day 2 addressed the need to empower more female leaders, while the “Agriculture & Fintech Forum” explored the relationship and potential of these crucial sectors to drive African economies forward. As we gear up at Mirepa to launch WE FIT(Women-led Enterprises + Facilitating International Trade), our flagship initiative to facilitate international trade for women-led businesses, we believe Fin-tech will be a key ingredient in making this happen, successfully. 

MIA also identified key deals in the Fin-tech and payment solutions space at the 3i Africa Summit, and had conversations with these businesses to align investment goals. We had the pleasure to speak to The Blu Penguin, Kowri, PayAngel amongst others. To explore investment opportunities through our MSCFI fund, click here.

It was an enriching experience at this inaugural summit and we left with a hopeful investment outlook of a future driven by Africans, for Africans, with welcome support by the global community.

Mirepa Capital SME Fund I (MCSFI) has reached an Initial Close after securing funds from local institutions, including the Venture Capital Trust Fund (VCTF), Petra Trust, Axis Pensions, and CAL Asset Management Company Limited (CAMCOL). The fund was launched on Thursday, 27th July at the ENSafrica office in Cantonments, Accra. 

The Fund is licensed by the Securities and Exchange Commission (SEC) of Ghana and focuses on light manufacturing, technology, and cleantech businesses within the following sectors: agribusiness (emphasis on agro-processing), education, healthcare, financial services, and business services (including industrial and mining support).

Mirepa Investment Advisors is dedicated to making a positive impact through MCSFI investments, and will actively seek opportunities to support and empower portfolio businesses to be inclusive and female-friendly. The Fund will play a crucial role in creating jobs, driving economic prosperity, and fostering sustainable development in Ghana by investing in high-growth SMEs

Mirepa Investment Advisors is grateful for the trust and support shown by its investors and looks forward to working closely with Ghana’s SMEs to create a lasting impact on the nation’s economic landscape.

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Mirepa Investment Advisors’ maiden fund, Mirepa Capital SME Fund I (MCSFI), which was recently licensed by the Securities and Exchange Commission, Ghana (SEC) as a Private Equity/Venture Capital Fund, has secured catalytic capital of GHS 10M from the Venture Capital Trust Fund (VCTF). The CEO, Mr Samuel Yeboah, and Ms Enyonam Kakane, a Principal and Executive Director of Impact Investing at Mirepa Investment Advisors Ltd. (MIA), signed the warehouse agreement on Wed, 09.11.2022 at the office of VCTF in Accra.

The funds from the warehouse agreement will enable the fund manager, Mirepa Investment Advisors Ltd., to begin investments in pipeline companies while they work towards the initial close for MCSFI. Target sectors for The Fund are agribusiness, education, healthcare, business services (including industrial and mining support), and financial services, with an allocation for strong businesses outside of these sectors. Overarching sector lenses for investments are light manufacturing, technology, and cleantech/climate change mitigation.

Congratulations to the MIA team on achieving this milestone.

This past month Mirepa received approval from the Securities and Exchange Commission (SEC) Ghana for its fund Mirepa Capital SME Fund I (MCSFI).  This brings the total of locally domiciled Private Equity/Venture Capital funds approved by the regulator to 3 (according to information on its website).

MCSFI is a fund domiciled in Ghana that will provide patient risk capital to early-stage businesses and SMEs that are committed to job creation, sustainable practices (climate impact) and strong participation of women in the workforce. The fund will focus on light manufacturing and technology businesses in sectors that provide basic and essential services (Agribusiness, Education, Financial Services and Healthcare).

The fund is managed by Mirepa Investment Advisors, a SEC regulated investment advisor with the mandate to manage private equity and venture capital funds in Ghana.

The key SDG areas for this fund are:

Two principals of Mirepa Investment Advisors, Samuel Yeboah and Enyonam Kakane, joined over forty other members of the Early Stage Capital Providers (ESCP) network at the annual convening organized by the Collaborative for Frontier Finance (CFF).  The convening which was held in Dar es Salaam in Tanzania brought together local capital providers (LCPs) primarily from sub-Saharan Africa and Asia.

The 2-day gathering provided peer learning opportunities for participating LCPs.  The program also provide the LCPs the chance to interact with investors including some DFIs, foundations and family offices. The convening also provided the venue for the official announcement of FSD Africa’s Investment’s £8 million investment into the Nyala Venture vehicle, a catalytic facility supporting Local Capital Providers to finance Small and Growing Businesses in sub-Saharan Africa.

This convening was the second in-person meeting organized by the CFF since its inception.  The 2021 convening was held virtually due to covid-19 restrictions. Both Enyonam and Samuel are part of different working groups of the ESCP, with Samuel being a recent member of the network’s steering group, a role he played for 2 years.

Mirepa Investment Advisors (MIA) received approval for its Investment Advisory (IA) License from the Securities and Exchange Commission (SEC) Ghana this past month.  The license was issued by the regulator to MIA specifically to carry out the business of managing private equity and venture capital funds.

The IA license is currently the first step in the regulatory process to being authorized to manage a private fund in Ghana.  The next step for MIA is to file for approval from the SEC for the respective funds it wants to manage.  The SEC license and approvals allows MIA to manage locally domiciled funds that source capital from local institutional investors such as the pension funds.

Mirepa Investment Advisors (MIA), this month, got accepted to the FMO Capital Launch program being managed by the Collaborative for Frontier Finance (CFF).  The program selected 10 local capital providers (LCPs), emerging fund management teams raising their maiden fund.

According CFF, the program will support the cohort of fund managers through a year-long program of training, mentoring, investment readiness, and linking to investors. The objective of the program is for fund managers to be in a position to present to a select group of institutional investors with an investment-ready proposition by the end. The initiative is funded by FMO.

Mirepa’s investment team, MIA, is made of a very strong balance of principals and analysts with complimentary experience and skill set including private equity track record, enterprise development and support experience, entrepreneurial success as well as strong operations background.  The team expects this program to help it better articulate its track record and identify mission-aligned investors.

The Mirepa team welcomed Princess Marie Esienam Agbenorto. Esienam is a licensed Securities and Exchange Commission (SEC) representative who will be working as an analyst with the Mirepa Investment Advisors team.  In her role, she will be primarily responsible for supporting the finance and back office operations in addition to carrying out the functions of an investment analyst.

Esienam joins the team after obtaining a dual masters degree in International Business and Business Analytics from the Hult International Business School in the UK.  She obtained her undergraduate business degree from the University of Ghana (Legon).