Savannah’s West Africa fund

Savannah Impact Advisory announced a first close of about GHS 383 million, roughly $35 million. (innovation-village.com) The vehicle is called Ci Gaba and targets a final size of GHS 1 billion, about $91 million. (citinewsroom.com) Savannah says the fund will channel capital into venture, private equity, and private debt funds across Ghana, Nigeria, Senegal, and Côte d’Ivoire. (inclusifund.com) A fund of funds puts money into other funds instead of investing directly in startups. (finra.org) That arrangement gives large investors an easy way to back many managers at once. (investor.gov) Ci Gaba is explicitly designed to unlock domestic institutional capital, with a focus on pension assets. (inclusifund.com) The fund already lists anchor commitments from FSD Africa Investments, Stanbic Investment Management Services, CAL Asset Management, and FMO. (inclusifund.com) Those anchors help bring credibility and make it easier for smaller trustees to participate. (impactalpha.com) Because Ci Gaba is domiciled locally, domestic regulators and corporate trustees can more readily channel pension allocations to it. (innovation-village.com) For founders, aggregated capital into regional VCs can change financing dynamics. (innovation-village.com) When managers know they can access larger, predictable pools, they can hold back reserves for later rounds. (impactalpha.com) That makes follow‑on Series A financing faster and reduces the need for startups to hunt foreign capital early. (innovation-village.com) Savannah describes Ci Gaba as a blended‑finance vehicle that will target sectors like agriculture, financial services, healthcare, clean energy, and education technology. (citinewsroom.com) It intends to back both emerging and established fund managers to spread risk and build local capacity. (dailyaccra.com 1) (dailyaccra.com 2) Savannah announced the commitments and the first close on March 25, 2026. (citinewsroom.com) It will now push toward the GHS 1 billion final close and begin allocating commitments to partner funds. (innovation-village.com) Among the vehicle’s institutional backers are Stanbic’s corporate trustees, including Axis Pension Trust and Enterprise Trustees. (inclusifund.com)