Project detail - Verod Capital Management Limited

Verod Capital Management Limited

Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Verod Capital Management Limited, an investment firm providing growth capital to medium-sized businesses in West-Africa and the fund manager of FMO’s investee PE funds Verod Capital II and III.

What is our funding objective?

FMO’s funding will be used to help Verod implement a comprehensive gender-smart framework to embed Gender Lens Investing into its investment process.

Why do we fund this investment?

As part of FMO’s commitment to reducing inequalities (SDG 10), FMO aims to contribute to advancing gender equality and closing the gender gap though gender lens investments (GLI), supporting women as employees, women in leadership, women as end-users of goods and services and women as entrepreneurs. To this end, in Strategy 2030 FMO committed to contribute to increased GLI. As part of its commitment to GLI, FMO would like to support its customers integrate gender inclusion and equality into their businesses which is an expected outcome of this project and thereby contributes to FMO’s aim towards Reducing Inequalities (SDG 10).

Infrastructure, Manufacturing and Services
Publication date
Effective date
Total FMO financing
EUR 0.04 MLN