This study, commissioned by AVPA, provides a strategic update on the supply of impact investment capital across Africa, tracking shifts in the ecosystem since the 2020 baseline (Social Investment Landscape Mapping Study Report). By analyzing data from various organizations across Eastern, Southern, and Western Africa, the report identifies structural gaps and emerging trends in how social investment is being deployed.
Capital Structure & Instrument Mix
While the ecosystem is gradually moving toward market-based models, it remains heavily reliant on philanthropic capital. The mapped capital breaks down as follows:
- Philanthropic Instruments: 83% (indicates continued grant dependence).
- Blended Finance: 15%.
- Debt-based Structures: 2%.
Despite the imbalance, there is an increasing appetite for hybrid instruments. Approximately 74% of respondents reported utilizing non-traditional mechanisms such as recoverable grants and convertible loans, signaling a move toward more sustainable, return-seeking models.
