The need for investment in social, economic and environmental sectors that have direct impact on the life of people in Africa has never been greater, according to the principal partner of Alitheia Capital, Mrs Tokunboh Ishmael. She has revealed that the potential for impact investing is expected to exceed $500 billion over the next decade.
Ishmael said that some African corporations like NedBank of South Africa have started investing in areas that touched people’s lives directly. She said that is what is needed is for leaders to build the industry, in order to unlock the potential for profit through impact investing in some of the most troubling social and environmental challenges.
It is hoped the promotion of impact investing across Africa will foster the development of the continent, and bring meaningful improvement in the living standards of the African people.
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