Injaro Investments

Injaro Investments Limited is a venture capital firm established in 2009 and headquartered in Port Louis, Mauritius, with additional offices in Accra, Ghana, and Abidjan, Ivory Coast. The firm specializes in seed and startup investments, focusing on small and medium-sized enterprises within the agricultural value chain in West Africa. Injaro Investments seeks to provide support through various investment forms, including debt, quasi-equity, and equity, to enhance the operations of companies involved in agriculture. This encompasses a wide range of activities from input suppliers to farmers and ultimately to consumers, aiming to strengthen the agricultural sector in designated countries across the region.

Mirabelle Moreaux

Director

Past deals in Ghana

Kofa

Seed Round in 2025
Kofa is an automotive company that utilizes the latest electric battery and motor technology. The company aims to develop an affordable, sustainable and customer driven electric network in transformative energy, transport, and climate change around the globe. Kofa was founded in Ghana and is headquartered in Accra.

Sekaf Ghana

Private Equity Round in 2013
Founded in 2003, Sekaf Ghana Ltd produces and delivers raw shea ingredients and shea-based bath and beauty products. It offers a range of natural moisturizing products such as black and shea butter soaps, hand creams, body lotions, oils for body, hair, and scalp. The company also develops and manages organic and conventional shea fields, trades in agricultural commodities like shea nuts and sesame seeds, provides training services for improved production techniques, and offers brokerage services for specialty fats.

M&B Seeds and Agricultural Services

Private Equity Round in 2011
M&B Seeds and Agricultural Services is a supplier of improved agricultural seeds based in Ho, Ghana. The company focuses on providing quality seeds to smallholder farmers, primarily in the Volta Region, with the aim of enhancing agricultural productivity. M&B Seeds is committed to making high-quality seeds accessible at affordable prices, enabling farmers to improve their yields. The company has plans to significantly expand its operations, increasing the volume of seeds sold annually from 100 to 1000 metric tons, thereby further supporting the agricultural community in Ghana.

Kona Agro Processing

Private Equity Round in 2011
Kona Agro Processing Ltd, established in 2008, is a Ghanaian company that processes cashew nuts for sale to export markets. As one of the world’s major cashew-producing regions, West Africa benefits from the sale and export of raw cashews, but does not capture the greater economic value added in processing. Most of those raw nuts are shipped to South and Southeast Asia, which have a more extensive processing infrastructure. Kona is part of a wave of new cashew processing firms in West Africa that aim to bring that economic benefit to the local level. It has an installed processing capacity of 1,000 MT; however, currently the company utilizes less than 25% of its capacity due to working capital constraints. Provided with the correct financing and operating at full capacity, the facility can source from at least 1,000 farmers and employ approximately 300 predominantly female employees.
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