AfricInvest invests in International Community School, Ghana

ACCRA (Capital Markets in Africa) – AfricInvest, a leading pan-African mid-cap-focused Private Equity firm, is pleased to announce that its AfricInvest Private Equity Fund III has invested in International Community School Limited (ICS), a leading private K-12 school in Ghana.

Through its investment, AfricInvest aims to support the growth of ICS by upgrading its facilities and funding its other expansion plans to re-enforce the success of the school in both its Kumasi and Accra locations. ICS expects to draw from AfricInvest’s accumulated experience and knowledge in the education sector to become a leading K- 12 international institution in Ghana and West Africa.

Commenting on the investment, Dr. Charles Yeboah, Chief Executive Officer of ICS, said “We are very excited to partner with such a reputable firm as AfricInvest to realize our growth plan. ICS has an ambitious goal of becoming a leading international school in West Africa, with an extended footprint in Ghana and beyond. We needed a great partner like AfricInvest to assist in reaching that end.”

Ismail Talbi, Partner, AfricInvest, said “AfricInvest is proud to be part of International Community School’s family and excited about the opportunity to work with such visionary entrepreneurs. AfricInvest’s investment will contribute to reinforcing ICS’s leading positioning in Ghana and West Africa. It will help the school to upgrade its facilities according to world-class standards, secure international accreditations, build a new campus in Accra and grow its student numbers while continuing the focus on the academic excellence and affordability of the school.”