TrueCoco Secure Investment for an Innovative Carbon Removal Project in West Africa
Heyford Park Innovation Centre customer TrueCoco Ghana is pleased to announce a $3.3 million investment from British International Investment to expand its existing agricultural business and finance the launch of the first industrial carbon removal project in Ghana. TrueCoco will remove more the 250k MTs of CO2 from the atmosphere and improve the livelihoods of 30k smallholder farmers by 2030.
GIP was established by BII to provide long-term capital in mainly local currency to SMEs in Ghana, bridging the financing gap essential for economic growth.
The investment will help Truecoco to expand its soybean processing operations which will support the livelihoods of small-scale farmers in Ghana. It will also fund the launch of an industrial biochar carbon removal project that will help to improve soil health and capture carbon from the atmosphere, contributing to sustainable agriculture and reducing greenhouse gas emissions.
This partnership promotes environmental sustainability while empowering over 4,000 smallholder farmers in Ghana and is a great example of how GIP is committed to driving transformative growth within the SME sector in Ghana.
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