October 12

Ghanaian Entrepreneur Launches $115 Million Impact Fund to Invest in Africa’s Creative Industry

Ghanaian businesswoman and entrepreneur, Roberta Annan, this week, launched a €100 million fund, to channel investment into small and medium African creative and fashion enterprises.

According to a statement by the African Development Bank (AfDB), the Impact Fund for African Creative (IFFAC), will award grants of up to €50,000 to selected projects to accelerate development of the continent’s creative sector.

The fund was launched at a ceremony held during Paris Fashion week, and attended by fashion experts and Chinelo Anohu, Senior Director of the Africa Investment Forum, a flagship initiative of the AfDB, which aims to channel investment into Africa.

Photo courtesy of HP+.

Source: Vanguard Newspapers (link opens in a new window)

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