As impact investing gains momentum worldwide, Intellidex has launched the inaugural Africa Impact Investment Awards.
The project is being conducted in partnership with the African Venture Philanthropy Alliance, ANDE West Africa, Impact Investing Ghana, Impact Investing South Africa, the national advisory boards for impacting investing of both Nigeria and Zambia, and the Southern African Venture Capital and Private Equity Association.
"We're introducing the awards to recognise organisations across Africa that are doing valuable work at the intersection of finance and social development,” says Dr Graunt Kruger, managing director of Intellidex. “If we want transformation, we need to encourage investment in transformational businesses, especially now when public resources have proven insufficient to ensure a decent standard of living for all."
Impact investing, a term that describes investments intended to deliver measurable social and environmental impact alongside a financial return, opens up a new world of possibilities for investors. It is a critical way to support innovative development across the continent that tackles poverty and hunger, boosts job creation, improves social conditions and addresses inequality.
Among the direct effects of impact investing are that it makes more resources available from more stakeholders; it increases the scale of private capital deployed to social and environmental causes where they are most needed and, by rigorously measuring impact, it improves the efficacy with which funds are deployed.
Indirectly but equally significant, impact investing highlights best practice, supports market development and inspires more investors to join what is now a fast-growing movement. This, in turn, facilitates greater access to capital, particularly for smaller social enterprises that are struggling the most in the current climate.
"Impact investing may be relatively new to Africa, but Africans are nothing if not innovative," says Kruger. "There are already plenty of success stories that highlight our continent’s inventiveness. We know from other markets that focusing on impact investing will increase interest and engagement."
The inaugural Africa Impact Investment Awards offers 10 categories for entry :
This award is specifically for the innovative financial instruments that form the underlying structure for impact investments, for example:
Any organisation or individual can submit entries. Entrants can submit for more than one category and must be registered in Africa, headquartered in Africa or have operations on the continent.
The following activities are excluded:
The deadline for submissions is 31 March 2023. The awards will be announced on 13 July 2023 at an event in Cape Town.
Visit the Intellidex Africa Impact Investment Awards page for more information.