Deal Summary
Truecoco Ghana (Truecoco), a Ghanaian producer and exporter of organic agriculture commodities, has obtained $3.3 million in private debt financing from Growth Investment Partners (GIP), a local British International Investment (BII) investment platform established in 2023 to enable BII to directly provide long-term, flexible capital to high-impact SMEs in Ghana. Truecoco has specialised in responsibly sourcing and processing coconut into organic coconut oils and has recently branched out into other food and feed commodities with a focus on organic supply chains. The GIP funding will be used to expand the company’s soya bean processing operations and fund a new biochar carbon removal project, the first industrial-scale project to use coconut husks as its primary feedstock. GIP was established to enable BII provide local currency financing where appropriate, but the financing terms for this deal have not been disclosed. The deal adds to BII’s $130 million direct and indirect investment portfolio
