African Women Impact Fund launches with $60mln

A new gender-inclusive fund-of-funds was announced at a conference in New York during last week’s United Nations General Assembly. The African Women Impact Fund (or AWIF) will invest in women-owned or led fund managers who invest in either public or private sector businesses in high-impact, sustainable, and gender-inclusive sectors on the continent. The initiative, which is led by the Economic Commission for Africa and Standard Bank, is also supported by the Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and Copartes Pension Fund, and the African Union Commission (AUC).

BADEA is committing $15 million to the fund while MIRF and Copartes Pension Fund are transferring $45 million worth of assets they have already built by developing startup women fund managers under the African Women Impact Fund’s umbrella. The $60 million represents the first step to AWIF’s ambitious goal of investing $1 billion in women fund managers over the next decade.

To read this article, you must be a paid subscription member. (Current members login here)


Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at] today.