Accra, Ghana – [15th June 2024] – Wangara Green Ventures is pleased to announce its investment in Sommalife Limited, an innovative social enterprise based in Wa, Ghana. This collaboration was facilitated by Deal Source Africa’s Deal Room programs, which connect investors with high-potential businesses.
Sommalife Limited has rapidly established itself as a leader in merging technology, productivity, and environmental sustainability. The company’s mission is to sustain income and enhance climate resilience for smallholder farmers by digitizing and resourcing them to produce quality shea nuts and other agro-commodities in large volumes for both international and local markets. Sommalife is empowering its fast-growing network of farmers, especially women, to become successful entrepreneurs and environmental stewards.
The investment by Wangara Green Ventures will enable Sommalife to expand its operations, support more rural farmers, and increase its community impact. The funding will enhance Sommalife’s ability to pre-finance producers, improve market access, and extend environmental conservation efforts, thereby promoting sustainable development and poverty alleviation in rural Ghana.
Program Manager for Deal Source Africa, Justina Mensah has said, “Connecting impactful businesses with the right investors is at the heart of what we do. We’re proud to have facilitated this partnership, which promises significant benefits for rural Ghanaian communities.”
“We are excited about this partnership with Sommalife Limited. Their commitment to economic empowerment, environmental stewardship, and community development aligns well with our mission at Wangara Green Ventures. This investment represents a significant step towards fostering sustainable economic growth and achieving multiple SDGs in rural Ghana,” said Ebenezer Arthur, CEO of Wangara Green Ventures.
Mawuse Christina Gyisun, Co-founder of Sommalife Limited, expressed enthusiasm about the partnership, stating, “We are delighted to join forces with Wangara Green Ventures. This is a testament to our shared vision of promoting economic empowerment, environmental sustainability, and community development. This collaboration marks a significant step forward in our mission to drive positive change and improve the livelihoods of smallholder farmers in West Africa, with a special focus on women farmers.”
About Deal Source Africa
The Deal Source Africa is a comprehensive program that connects high-growth businesses from Africa to investors and transaction advisors and also connects investors with limited partners. The program includes; quarterly deal rooms, impact Fund Showcases, and a digital platform https://dealsourceafrica.co/.
About Sommalife Limited
Sommalife provides their digitized network of smallholder farmers with financial inclusion, reliable market access, and land restoration services. Their work with women farmers supports UN SDGs 1 – No Poverty, 8 – Decent Work and Economic Growth, 10 – Reduced Inequality, and 13 – Climate Action.
About Wangara Green Ventures
Wangara Green Ventures is a climate-focused impact investment firm dedicated to supporting Small and Growing Businesses (SGBs) in Ghana, with investment amounts ranging from USD 50,000 to USD 500,000. Wangara targets green businesses that drive social and environmental impact. In addition to financial investments, Wangara enhances the growth and sustainability of these businesses by providing pre-investment and post-investment Technical Assistance Grants.