Moving Global Capital for Local Impact
We have been examining our work at the Fund from multiple perspectives over the past three years, and what it takes to build a prototype of this ambition and scale. This book is the first significant attempt to document what we learned in the work of deploying capital to investment vehicles.
The chapters reveal what worked, what didn’t, and what remains unresolved. They examine how the Fund balanced risk and opportunity, redefined investment readiness, and reconsidered the role of governance in shifting power.
Along the way, the Fund confronted hard truths about what it takes to challenge the norms of investing in Africa. Some assumptions held up. Others fell apart in practice. The assumption that investing in women investment leaders would automatically lead to jobs for young women proved too simplistic. The tension between executing with confidence and adapting in real time was ever-present. The push to challenge dominant investment norms had to be carefully balanced against ensuring investment vehicles could still function within those norms.