Sub-Saharan Africa accounts for 12% of global impact investment flows, according to a report released on June 7, 2024, by the Foundation for Studies and Research on International Development (FERDI). The report highlights the lack of a unanimous definition of impact investment in literature, noting that this type of investment is based on two key concepts: intentionality and additionality. The creation of impact investment funds was halted or significantly slowed by the COVID-19 pandemic. Medium-sized impact funds (between $1 million and $250 million in assets under management) account for over 50% of the total funds listed. Impact funds are nearly absent in the hydrocarbons sector, and large telecommunications companies, and generally do not target mature businesses.

Source: The North Africa Journal June 24, 2024 22:10 UTC