Deep funds pool presented by the $715bn impact investing market presents a big opportunity for boosting growth
In our rapidly evolving global market the choice of fund domiciliation has become a salient issue for investors and fund managers looking for efficiency, stability and transparency.
As African economies emerge from this crisis it is clear that local and traditional sources of finance and investment will not be enough to fuel and grow economies. Governments will have to deploy and use different methods and sources of investment to return to the growth trajectory that will enable the continent to achieve the AU Agenda 2063.
In countries like Kenya there is a wide range of companies solving societal issues through profitable and scalable models, making these firms magnets for investors searching for sustainable investment opportunities. For example, Brighter Life, a Kenyan company domiciled in Jersey, managed to raise $65m in June 2020, enabling more than 1-million people living off-grid in Kenya to access d.light solar home systems and related solar energy products.
Jersey Finance’s report “SA Fund Managers: Trends in Fund Domiciliation & Capital Raising” pointed to the fact that many DFIs are now allocating extra budget to emerging markets, and that investors who have been in Africa know the opportunity and its rewards and therefore remain committed to supporting that growth. These days, it is considered far riskier to be outside the African opportunity than to be inside it, actively participating in its economic acceleration.
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