Impact investments booming in Africa
Impact investing has become a key focus for many fund managers on the continent. Just under half of funds surveyed in Southern, West and East Africa are awake to the idea that their assets can not only be used to generate good returns for their clients, but also outcomes that are good for society at large.
Now in its fourth year, the African Investing for Impact Barometer is produced by the Bertha Centre for Social Innovation and Entrepreneurship at the UCT Graduate School of Business (GSB) and provides a snapshot of the growing investing for impact (IFI) market in Africa.
“Of the 1,924 investment funds surveyed across nine key countries, 45% have been identified as implementing one or more IFI strategies, which amounts to $353,9bn,” says Associate Professor Stephanie Giamporcaro, the director of the publication and annual research project. “This demonstrates the robustness and vitality of African markets.”