East Africa is fast becoming a hotspot for impact investing that promotes not just profits but also sound environmental and social principles.
In the past five years, about $9.3 billion in impact investment funds has flowed into the region, according to the latest report produced by the UK Department for International Development (DfID), the Global Impact Investing Network (GIIN) and Open Capital Advisors.
Nairobi is identified as the hub of the funding and headquarters of the managers handling the deals, with about half of the $9.3 billion being invested in the country. Uganda and Tanzania received 13 per cent and 12 per cent of the total investments respectively.
“Nairobi is the physical hub for impact investing in the region, where 48 impact investors have local offices, and is often the first port of call for impact investors operating in the region,” says the report. Read more. Source | The East African