Africa ripe for more impact investments, says report

An example of impact investment in SA is the Futuregrowth Agri Fund. The PIC invested R700m in agricultural land together with Old Mutual through a fund managed by Futuregrowth. Picture: 123RF/NUTNUCHIT PHUTSAWAGUNG

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.

Furthermore, about 50% of impact capital was from asset managers, indicating a shift from traditional donor and development finance institutions to asset managers, who traditionally sought financial returns only.“Today, there is a growing recognition and need for impact investing. More traditional investors are heeding the call and transforming their mandates and strategies, aligning them to global development goals and allowing for impact to take place,” the report says.

Among Africa's many developmental challenges are poverty, climate change, inclusivity, poor levels of education and health, financial inclusion, hunger and sustainable agriculture.

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