Not a lot of media being generated in the SIB world, so here’s a little broader impact investing update from East Africa:
East Africa Is A Global Hub For Impact Investing
allAfrica
Investments focused on fostering social or environmental goals are playing an increasing role in East Africa, which a new report says is a global center for so-called impact investing.
Nearly $10 billion in impact-investment funds have flowed into East Africa, the report, produced by the U.K. Department for International Development (DFID), the Global Impact Investing Network (GIIN) and Open Capital Advisors, reveals.
Nairobi is the nexus of this funding and the base for many of the managers handling it, the report says, with about half of the $9.3 billion invested in Kenya.
Neighboring Uganda and Tanzania receive 13% and 12% of the pie respectively. Ethiopia is trailing at 7% of the total.
According to the report, impact investment is becoming an increasingly significant component of overall investment in the region.
The report defines impact investors as “those who invest with the intention to generate a beneficial social or environmental impact alongside a financial return–and who seek to measure the social or environmental returns generated by their investments.”