BII's $50m Growth Investment Partners makes first investment in eSAL
TLDR
- Growth Investment Partners (GIP) Ghana, a platform by British International Investment (BII), has invested in Ghanaian BPO company, E-Services Africa Limited (eSAL).
- GIP Ghana aims to provide long-term, flexible capital to SMEs in Ghana and support their growth.
- The investment in eSAL will enhance the company's global delivery of cost-effective and high-quality outsourcing solutions.
Growth Investment Partners (GIP) Ghana, a platform established by British International Investment (BII), the UK's development finance institution and impact investor, has announced its initial investment in the Ghanaian Business Process Outsourcing (BPO) company, E-Services Africa Limited (eSAL).
Launched in 2023, GIP Ghana is a pioneering platform by BII, featuring an anchor capital commitment of up to $50 million. Its primary goal is to provide long-term, flexible capital, primarily in local currency, to SMEs throughout Ghana. The investment in eSAL is intended to support the company's expansion and enhance its global delivery of cost-effective and high-quality outsourcing solutions for businesses.
In addition to fostering the growth of eSAL, GIP Ghana aims to address a significant gap in SMEs' access to finance, recognizing the vital role these enterprises play in the Ghanaian economy. The investment aligns with the platform's broader mission of supporting sustainable and inclusive economic development in the region.
Key Takeaways
The investment by in eSAL represents a significant milestone in the trajectory of the company, serving as a catalyst for its next phase of growth. Established in 2001, eSAL has positioned itself as a trailblazer in the Ghanaian BPO sector. The company specializes in offering top-tier outsourcing processes and technology solutions that enhance operational efficiency across diverse sectors, including financial services, telecommunications, energy, travel, and media. eSAL leverages Ghana's competitive advantages, including its favorable time zone aligned with many European countries, a young and proficient English-speaking population, and a stable political environment. These factors position Ghana as a leading player in the BPO industry, signaling a notable shift from Asia to Africa. The investment from GIP Ghana reinforces eSAL's potential to contribute significantly to the evolving landscape of the BPO sector while supporting its continued growth and impact on the broader Ghanaian economy.
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