The Bank of Industry (BOI), the implementing agency for the Investment in Digital and Creative Enterprises (iDICE) Programme of the Federal Government of Nigeria has appointed Kuramo Capital Management as Fund Manager of the DICE Fund of Funds.
The contract signing ceremony between BOI’s Managing Director and the Chief Executive of Kuramo Capital, marks a pivotal milestone in Nigeria’s accelerating commitment to empowering its technology and creative entrepreneurs.
The DICE Fund of Funds is structured to achieve a minimum total capitalisation of $170.6 million, with the Federal Government contributing an anchor commitment of $85.3 million through the iDICE Programme.
Kuramo Capital is mandated to raise matching private-sector capital on a dollar-for-dollar basis. This represents one of the largest dedicated government investments in technology and creative sector startups in African history.
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