Mirepa Investment Advisors closes an investment with True Moringa

Mirepa Investment Advisors Ltd. is glad to announce an investment in MoringaConnect Inc (DBA True Moringa) – a leading supplier of natural skincare & wellness products and organic bulk ingredients exported to the US, Asian, and EU markets.

True Moringa has built a supply chain from the soils of Ghana to the shelves of Whole Foods Market in the US. It has created 80 jobs, served 6,500 women and family farmers, and planted 3 million trees to afforest communities and sequester carbon. 

The investment from Mirepa Capital SME Fund I will allow the company to strengthen its local supply chain as well as boost its distribution capacity in the US and the EU. 

Commenting on the transaction, Enyonam Kakane, Head of Portfolio Management at Mirepa Investment Advisors highlighted the fund’s commitment to the agricultural sector, as well as its deliberate focus on a gender-lens investment consideration. She further intimated that True Moringa  has exhibited leadership in the export of organic certified products and demonstrated resilience and a high level of integrity in its operations. It is for that reason the Mirepa team is excited to be part of this journey. 

Kwami Williams, co-founder of True Moringa added: “We are beyond excited to partner with MIA toward our bold vision of profitably moving 20,000 farmers from poverty to middle income by 2034. Sadly, the majority of our investments have come from outside of Ghana. It means a lot to me and is important for the ecosystem to see MIA re-write that story: seasoned Ghanaian investing team investing into Ghanaians to do well and do good.”

 

About Mirepa Investment Advisors:

Mirepa Investment Advisors (MIA), is licensed by the Securities and Exchange Commission of Ghana to manage private equity and venture capital funds in Ghana. The Mirepa Capital SME Fund I (MCSFI) is the firm’s impact and missing middle fund that provides patient capital for early-stage businesses and SMEs in Ghana with a keen focus on three sector lenses: Technology, Light Manufacturing and Clean Tech.

About True Moringa :

Named Best of Indie Beauty Expo, Best of NY NOW, True Moringa, makes regenerative skincare and wellness products powered by superfood ingredients grown on their organic certified, solar powered farm in Ghana. It was incorporated in 2013 in Delaware (USA) and began operating in 2014. It has two subsidiaries in Ghana: True Farms Ltd & True Factory Ltd. To date, True Moringa has planted over 3 million trees to combat deforestation and malnutrition and served 6,500 women and farming families.

Mirepa Investment Advisors closes an investment with Wami Agro Limited

Mirepa Investment Advisors (MIA) is glad to announce an investment in Wami Agro Limited; an AgriTech company based in Ghana that delivers tech-enabled solutions to secure sustainable sourcing, improve farmer’s quality of life and protect the environment.

Wami Agro prides itself as a leading innovator in the agricultural sector, dedicated to enhancing sustainable farming practices and empowering farmers. Their innovative model widens access to finance and guarantees market access while being complemented by a programme of capacity building – including the provision of information, education, and farm input prescription to farmers to improve yields.

The Mirepa Capital SME Fund I (MCSFI) investment will allow the company to scale its operations while providing impact within its value chain. The total number of smallholder farmers supported is an impressive 12K annually.

Enyonam Kakane of Mirepa Investment Advisors, commented that the investment in Wami Agro delivers multiple social and economic value to both the investee and our investors: This investment comes at a time when agricultural value chains are in dire need of investments which they are not obtaining from the normal channels. The export opportunities that Wami Agro presents also means that this company will contribute to stabilizing the cedi with inflows of foreign currency. The Wami team has demonstrated great stewardship in the past and we look forward to exciting results from this investment.

Caleb Edwards, MD of WamiAgro added: “This strategic investment from Mirepa Investment Advisors will enable us to expand our reach, enhance our technological capabilities, and continue to drive positive change in the food and agricultural industry in Ghana and beyond. We are excited about the opportunities this partnership brings and remain steadfast in our mission to make wholesome food ingredients available, accessible, and affordable.

About Mirepa Investment Advisors:

Mirepa Investment Advisors (MIA), is licensed by the Securities and Exchange Commission of Ghana to manage private equity and venture capital funds in Ghana. The Mirepa Capital SME Fund I (MCSFI) is the firm’s impact and missing middle fund that provides patient capital for early-stage businesses and SMEs in Ghana with a keen focus on three sector lenses: Technology, Light Manufacturing and Clean Tech.

About Wami Agro Limited

Wami Agro Limited is an agri-tech company partnering with smallholder farmers to grow, aggregate, and sell diverse agricultural produce on the Ghanaian and international markets. Today, the Company has a network of over 13,000 farmers across five regions in Ghana in the rice, maize, soya and sorghum value chains. The Company intends to be the leading company driving sustainable food production and supply in Africa.