The Uhuru Investment Partners (Uhuru), a middle-market private equity firm based out of Lagos and Abidjan, has announced the first close of Uhuru Growth Fund I (UGF) at $113 million, with capital support from the CDC Group, the UK’s development finance institution (DFI), along with other DFI partners, commercial and Impact Investors. According to a statement, UGF’s capital will support enterprises that boost job creation, increase access to goods and services in consumer staples, and enhance access to healthcare and fintech sectors. With a target final close of $200 million, the first-generation fund will invest across the West African region including Nigeria, Ghana, Côte d’Ivoire and other Francophone markets.