‘The impact of climate change is increasingly being felt with devastating floods reported across various parts of the continent and the challenge of youth unemployment accelerating towards possibly being insurmountable if not addressed with urgency. More than ever before, the African impact space is demanding very urgent action. This includes more capital mobilisation to address our SDG financing gap, availing more risk capital, increasing the participation of the private sector in addressing social challenges, innovation in structuring capital for impact, increased training in the impact space and a greater need for collaboration amongst impact players. Policy also needs to keep pace with the innovation in innovative finance required – for example, we need tax regulation to evolve and allow for greater participation by grant-making organisations in revenue-generating innovative finance initiatives e.g. outcome-based financing’
Share: