Deal Summary
Growth Investment Partners Ghana Ltd (GIP), an investment platform established by British International Investment (BII), has invested in Rikair Company Limited (Rikair), a Ghanaian producer and distributor of industrial and medical gases. Founded in 2001 and headquartered in Accra, Rikair specialises in oxygen and nitrogen gases for the mining, healthcare, oil and gas, and food and beverage sectors. With undisclosed financial terms, this investment aims to expand Rikair’s distribution of medical-grade liquid oxygen to healthcare facilities across Ghana, addressing critical gaps in the country’s healthcare system. Notably, this marks GIP’s first healthcare investment, aligning with its sector focus on healthcare, retail, and agriculture to enhance SME contributions to Ghana's economy. Established by BII in 2023, GIP focuses on providing local currency and long-term capital of $500k–$5 million to SMEs, with plans to support 150 Ghanaian SMEs over the next 15 years. Rikair is GIP’s fourth investment, following partnerships with FIDO,
