BOI appoints Kuramo Capital to manage $170.6m DICE fund of funds

The Bank of Industry (BOI) has appointed Kuramo Capital Management as the Fund Manager for the Digital and Creative Enterprises (DICE) Fund of Funds. T

he $170.6 million initiative is designed to unlock venture capital for technology and creative startups across Nigeria.

Under the arrangement, the Federal Government is providing an anchor commitment of $85.3 million through its Investment in Digital and Creative Enterprises (iDICE) programme.

Kuramo Capital is tasked with raising the matching private-sector capital on a dollar-for-dollar basis.

The partnership aims to expand access to finance, support innovation, and empower the next generation of Nigerian entrepreneurs by positioning the country as Africa’s leading hub for the knowledge economy.