African governments can play an incredibly important role in stimulating investments that generate positive societal impact alongside investor returns, according to a new report by Bridges IMPACT +, the advisory arm of Bridges Ventures, and the African Private Equity and Venture Capital Association (AVCA).
The report, Investing for Impact: A strategy of choice for African policy makers, supported by The Rockefeller Foundation, was presented in Lagos, Nigeria, last week at the 11th Annual AVCA Conference. It aims to provide a lens through which politicians can assess the potential of investment to support their development agendas.
Over the last decade, the main driver of economic progress across the African continent has arguably not been Official Development Assistance flows but growth, underpinned by private sector activity. This trend is set to continue, with private capital forecast to be the most important source of long-term finance. At the same time, an increase in the levels of social inequality and environmental degradation in many African countries has underscored the importance of a more inclusive model of progress.
Read the complete Press Release here.