NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Wednesday, November 27, 2019

By Linda Esnor

Africa’s vast development needs provide ample opportunity for impact investments, which aim not only to generate a financial return for investors but also to have a positive social and environmental effect, says the Africa Impact Report 2019, launched on Tuesday by the Public Investment Corporation (PIC) and Impact Investing SA.

The report, which aims to present a sound case for investment in African countries, was launched at the Global Steering Group Impact Summit in Buenos Aires, Argentina.

“There is much need for impact investing in Africa to drive the continent to reach its full potential,” the report says, adding that impact investing can offer capital to tackle some of the greatest challenges across various sectors including microfinance, affordable healthcare and housing, agriculture and energy.

Photo courtesy of jbdodane.