IMPACT & ESG
More than injecting capital
Improving the lives of Africans is central to everything we do.
By 2034, Africa will have a working population of 1.1 billion people; larger than that of China or India. This presents a one time opportunity to benefit from a demographic dividend as populations in developed markets age. At the same time, a young and rapidly growing population will present critical risks and challenges. We are passionate about playing our part in diversifying African economies to meet the social, environmental and governance challenges of the coming decades.
We classify and monitor our Impact metrics in voluntary alignment with the IFC Operating Principles for Impact Management and we allocate senior management to ensure that Impact opportunities are identified early, tracked, monitored and evaluated at each investment stage. Our portfolio management team work with investees and the investment team to ensure that teams are adequately trained on Impact opportunities, processes exist through which to identify, track and monitor the impact of investments and these processes are properly integrated into the operational and decision making culture of the business.
What we care about
How we tackle it
Creating Jobs, Reducing Migration
DECENT WORK AND ECONOMIC GROWTH UN SDG8
Nearly 90% of the labour force in sub-Saharan Africa is engaged in informal with around 60% engaged in agriculture. Formal wage work is mainly limited to services, while manufacturing represents less than 5 % of jobs. Unless addressed, these trends risk serious social and economic instability in the form of economic migration and civil unrest, as an increasing proportion of the population reaches working age.
Agribusiness & Healthcare
GOOD HEALTH & WELL BEING
UN SDG 3
HIV and AIDS have already reduced national economic growth by between 2-4% across Africa. These and other infectious diseases account for more than a third of all fatalities in the region. Sub-Saharan Africans also suffer from the highest maternal and child mortality rates (200,000 maternal and 2.7 million child deaths a year). We are committed to ensuring that investments in healthcare and agribusiness are a key part of our investment portfolio.
Energy & Climate Change
AFFORDABLE & CLEAN ENERGY
UN SDG 7
Access to Energy is a key driver of economic growth and sub-Saharan Africa lags behind the rest of the world in this respect. The region has 13 percent of the world’s population, but 48 percent of the share of the global population without access to electricity. We prioritise investments that encourage cleaner sources of energy, more efficient equipment and those that reduce or reverse harm to the environment.