Developing Africa Through Effective, Socially Responsible Investing
From ventures-africa.com July 5, 2014
by Niyi Aderibigbe
VENTURES AFRICA – The SME space is seeing tremendous growth in Africa, with easier access to funds from financial institutions and government policies encouraging sector growth.
However there still exists a ‘missing middle’, which finds it hard to access funds due to the category of funding they belong to; people that require between $50,000 and one-two million dollars. A new system of investing; impact investing, which started in 2008 after the global financial crisis, has been addressing the needs of this ‘missing middle’.
Impact investing is enjoying rapid growth in the US, with a 2009 report from research firm the Monitor Group estimating an industry growth of $50 billion to $500 billion in assets within the next decade. Now Africa is joining the global trend and trailblazers like Issam Chleuh are helping Africa understand and enjoy the benefits of Impact Investing. read more>