This report was made possible by the generous support of the African Development Bank (AfDB) through the Fund for African Private Sector Assistance (FAPA).
Our sincere thanks to the impact investors and entrepreneurs across Africa who shared their stories. Special mention goes to our partners from Altree Capital, Cascador, HEVA Fund, iGravity, Greenmax Capital Group, MsFiT Ventures, Small Foundation, the MajiFund, and TIKO. Your work demonstrates the transformative power of capital when it is creatively and collaboratively deployed.
The African Venture Philanthropy Alliance (AVPA) did not just commission this research; they provided the vision and steady guidance that shaped it from start to finish. Sincere appreciation goes to Nasri Adam, Tafadzwa Nyagano, Samuel Mutisya, Sharon Lwane, Dr. Shadrack Opon, Susan Ngatia, and Fredrick Ndege.
A special thank you goes to the dedicated research team from CEO Africa, led by Susanne Roelofsen Afum supported by Eelke Jansen Vandzilah, Jonathan Ofori Nyamedi and Nathaniel Agyemang Duah.
