Bertrand Badré

AfCFTA JULY UPDATE: Accelerating AFRICA’s development agenda in 2024: The #AfricanContinentalFreeTradeArea (AfCFTA) is the flagship project of the #AfricanUnion’s #Agenda2063, a blueprint for attaining inclusive and sustainable #development across the #continent over the next 50 years. It aims to boost #intraAfricantrade by providing a comprehensive and mutually beneficial #trade agreement among the member states, covering trade in goods and services, #investment, #intellectualpropertyrights and competition policy. The Agreement entered into force on 30 May, 2019 for the 24 countries that had deposited their instruments with the #AfricanUnionCommission (AUC)Chairperson-the designated depositary for this purpose. The #AfCFTASecretariat – charged with various responsibilities related to the implementation of the #AfCFTA – is hosted by Ghana. Wamkele Mene was officially appointed the first Secretary-General of the Secretariat on 19 March 2020, and is now serving his second term. The AfCFTA Secretariat was officially handed over in #Accra, #Ghana on 17 August 2020. Start of trading under the AfCFTA Agreement began on 1 January 2021. As at January 2024, Rules of Origin have been agreed on 92.3% of total tariff lines and the operationalisation of the Pan-African Payments and Settlements System (#PAPSS) has been officially launched. On 7 October 2022, the AfCFTA Secretariat launched the #AfCFTAGuidedTradeInitiative (GTI) in #Accra to allow for commercially meaningful trade under the Agreement to commence for EIGHT (8) participating countries: #Cameroon 🇨🇲, #Egypt 🇪🇬, #Ghana 🇬🇭, #Kenya 🇰🇪, #Mauritius 🇲🇺, #Rwanda 🇷🇼, #Tanzania 🇹🇿 and #Tunisia 🇹🇳, representing the five regions of #AFRICA. This initiative is being used to pilot the operational, institutional, legal and trade policy environment under the AfCFTA. In 2024, the scope of the #GTI has been expanded in both product and country coverage across the five African regions and Islands States, with a total of thirty-five (35) State Parties having expressed interest to or have joined the initiative. As at JULY 2024, 47 of the 54 signatories (85.2%) have deposited their instruments of AfCFTA ratification with the #AUC Chairperson. Note: #Eritrea 🇪🇷 ONLY country not to sign the AfCFTA agreement. #BurkinaFaso 🇧🇫 #Guinea 🇬🇳 #Mali 🇲🇱 #Niger 🇳🇪 and #Gabon 🇬🇦 are currently SUSPENDED from the African Union. Slowly progressing towards #TheAfricaWeWant #UnitedUnderAfCFTA #AfricaYesWeCAN #TransformingAfrica #BrandAfrica #Africa #AfricaMeansBusiness #ThisIsAfrica #Diaspora #IT #OneAfrica #TransAfricanHighway #SMEs #CreatingOneAfricanMarket #Partnerships #AfCFTATV #BuildBackBetter #AfricanUnity #SAATM #TradeInAfrica #TradeUnderAfCFTA #JoinAfCFTA #AfricaOnTheMove #Tourism #Infrastructure #MadeInAfrica #AfCFTASecretariat #PanAfricanism #Investors #ZLECAF #StrongerTogether #TradeNotAid #AfricanSolutionsToAfricanProblems #Afreximbank #VisitAfrica #AfCFTA2024 #Africa2024

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I had a productive side meeting today in Berlin with the H.E Prosper Associé Dodiko President of the Commission des Forêts d’Afrique Centrale (Comifac RDC) and Burundi’s Minister of Environment. Our discussions reaffirmed the #CongoBasin Forest's critical role in global #conservation and #climateresilience. We explored how linking conservation with development is essential for Africa's future. We also addressed one of the biggest challenges—ensuring that #financialsystems effectively channel resources to where they are most needed on the ground. Africa must lead the way in #conservation, with #Africanvoices shaping solutions to global environmental challenges. #Africanleadership #AfricanConservation

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AfCFTA JUNE UPDATE: Accelerating AFRICA’s development agenda in 2024: The #AfricanContinentalFreeTradeArea (AfCFTA) is the flagship project of the #AfricanUnion’s #Agenda2063, a blueprint for attaining inclusive and sustainable #development across the #continent over the next 50 years. It aims to boost #intraAfricantrade by providing a comprehensive and mutually beneficial #trade agreement among the member states, covering trade in goods and services, #investment, #intellectualpropertyrights and competition policy. The Agreement entered into force on 30 May, 2019 for the 24 countries that had deposited their instruments with the #AfricanUnionCommission (AUC) Chairperson – the designated depositary for this purpose. The #AfCFTASecretariat – charged with various responsibilities related to the implementation of the #AfCFTA – is hosted by Ghana. Wamkele Mene was officially appointed the first Secretary-General of the Secretariat on 19 March 2020, and is now serving his second term. The AfCFTA Secretariat was officially handed over in #Accra, #Ghana on 17 August 2020. Start of trading under the AfCFTA Agreement began on 1 January 2021. As at January 2024, Rules of Origin have been agreed on 92.3% of total tariff lines and the operationalisation of the Pan-African Payments and Settlements System (PAPSS) has been officially launched. On 7 October 2022, the #AfCFTASecretariat launched the AfCFTA Guided Trade Initiative (GTI) in #Accra to allow for commercially meaningful trade under the Agreement to commence for EIGHT (8) participating countries: #Cameroon 🇨🇲, #Egypt 🇪🇬, #Ghana 🇬🇭, #Kenya 🇰🇪, #Mauritius 🇲🇺, #Rwanda 🇷🇼, #Tanzania 🇹🇿 and #Tunisia 🇹🇳, representing the five regions of #AFRICA. This initiative is being used to pilot the operational, institutional, legal and trade policy environment under the AfCFTA. In 2024, the scope of the #GTI has been expanded in both product and country coverage across the five African regions and Islands States, with a total of thirty-five (35) State Parties having expressed interest to or have joined the initiative. As at JUNE 2024, 47 of the 54 signatories (85.2%) have deposited their instruments of AfCFTA ratification with the #AUC Chairperson. Note: #Eritrea 🇪🇷 ONLY country not to sign the AfCFTA agreement. #BurkinaFaso 🇧🇫 #Guinea 🇬🇳 #Mali 🇲🇱 #Niger 🇳🇪 and #Gabon 🇬🇦 are currently SUSPENDED from the #AfricanUnion. Slowly progressing towards #TheAfricaWeWant #UnitedUnderAfCFTA #AfricaYesWeCAN #TransformingAfrica #BrandAfrica #Africa #AfricaMeansBusiness #ThisIsAfrica #Diaspora #IT #OneAfrica #TransAfricanHighway #SMEs #CreatingOneAfricanMarket #Partnerships #AfCFTATV #BuildBackBetter #AfricanUnity #SAATM #TradeInAfrica #TradeUnderAfCFTA #JoinAfCFTA #AfricaOnTheMove #Tourism #Infrastructure #MadeInAfrica #TheAfCFTAEffect #PanAfricanism #Investors #PAPSS #ZLECAF #StrongerTogether #TradeNotAid #AfricanSolutionsToAfricanProblems #VisitAfrica #AfCFTA2024 #Africa2024

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AfCFTA May UPDATE: Accelerating AFRICA’s development agenda in 2024: The #AfricanContinentalFreeTradeArea (AfCFTA) is the flagship project of the #AfricanUnion’s #Agenda2063, a blueprint for attaining inclusive and sustainable #development across the #continent over the next 50 years. It aims to boost #intraAfricantrade by providing a comprehensive and mutually beneficial #trade agreement among the member states, covering trade in goods and services, #investment, #intellectualpropertyrights and competition policy. The Agreement entered into force on 30 May, 2019 for the 24 countries that had deposited their instruments with the #AfricanUnionCommission (AUC) Chairperson – the designated depositary for this purpose. The #AfCFTASecretariat – charged with various responsibilities related to the implementation of the #AfCFTA – is hosted by Ghana. Wamkele Mene was officially appointed the first Secretary-General of the Secretariat on 19 March 2020, and is now serving his second term. The AfCFTA Secretariat was officially handed over in #Accra, #Ghana on 17 August 2020. Start of trading under the AfCFTA Agreement began on 1 January 2021. As at January 2024, Rules of Origin have been agreed on 92.3% of total tariff lines and the operationalisation of the Pan-African Payments and Settlements System (PAPSS) has been officially launched. On 7 October 2022, the AfCFTA Secretariat launched the AfCFTA Guided Trade Initiative (GTI) in #Accra to allow for commercially meaningful trade under the Agreement to commence for EIGHT (8) participating countries: #Cameroon 🇨🇲, #Egypt 🇪🇬, #Ghana 🇬🇭, #Kenya 🇰🇪, #Mauritius 🇲🇺, #Rwanda 🇷🇼, #Tanzania 🇹🇿 and #Tunisia 🇹🇳, representing the five regions of #AFRICA. This initiative is being used to pilot the operational, institutional, legal and trade policy environment under the AfCFTA. In 2024, the scope of the #GTI has been expanded in both product and country coverage across the five African regions and Islands States, with a total of thirty-five (35) State Parties having expressed interest to or have joined the initiative. As at May 2024, 47 of the 54 signatories (85.2%) have deposited their instruments of AfCFTA ratification with the #AUC Chairperson. Note: #Eritrea 🇪🇷 ONLY country not to sign the AfCFTA agreement. #BurkinaFaso 🇧🇫 #Guinea 🇬🇳 #Mali 🇲🇱 #Niger 🇳🇪 and #Gabon 🇬🇦 are currently SUSPENDED from the African Union. Slowly progressing towards #TheAfricaWeWant #UnitedUnderAfCFTA #AfricaYesWeCAN #TransformingAfrica #BrandAfrica #Africa #AfricaMeansBusiness #ThisIsAfrica #Diaspora #IT #OneAfrica #TransAfricanHighway #SMEs #CreatingOneAfricanMarket #Partnerships #AfCFTATV #BuildBackBetter #AfricanUnity #SAATM #TradeInAfrica #TradeUnderAfCFTA #JoinAfCFTA #AfricaOnTheMove #Tourism #Infrastructure #MadeInAfrica #AfCFTASecretariat #PanAfricanism #Investors #PAPSS #ZLECAF #StrongerTogether #TradeNotAid #AfricanSolutionsToAfricanProblems #Afreximbank #VisitAfrica #AfCFTA2024 #Africa2024

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In case you missed it: The AfCFTA Secretariat, AUDA-NEPAD & Japan International Cooperation Agency launched a Guide for Country Impact Assessments on Accelerated Industrial Development for Africa and the #AfricanContinentalFreeTradeArea (AfCFTA). In the quest for economic transformation, and in line with the #AfricanUnion (AU) Agenda 2063, the AU has spearheaded initiatives to promote industrialisation and boost intra-African trade. AIDA, initiated in 2008, and the #AfCFTA, launched in 2018, stand as cornerstones of this vision. Member States’ adoption of AIDA’s principles and ratification of the AfCFTA mark a steadfast commitment to this transformative path. The AfCFTA is poised to deliver significant economic advantages, with forecasts suggesting the African economy will be nearly USD690 billion – or 10% larger – in 2043 than it would be on a path without the AfCFTA (at nearly USD 6.7 trillion)1. Yet, the fruition of these benefits is contingent upon member states’ preparedness to enact the AfCFTA measures and align with the principles of AIDA while effectively mitigating potential risks. To aid this endeavour, the following “Guide for Country Impact Assessments on AIDA and the AfCFTA” has been developed, containing three comprehensive tools crafted to support policymakers.. Continue reading and download report: https://lnkd.in/eQ6kQABE Accelerating AFRICA’s economic agenda in 2024. Share widely! #TransformingAfrica #TheAfricaWeWant #AfCFTA #BrandAfrica #AU #GDP #Investment #Africa #AfricaMeansBusiness #ThisIsAfrica #Diaspora #IT #OneAfrica #AUC #TransAfricanHighway #SMEs #CreatingOneAfricanMarket #Invest #Tariffs #TheAfCFTAEffect #Trade #AI #AfricaRising #FDI #IntraAfricanTrade #Agenda2063 #Partnerships #AfCFTATV #WB #BuildBackBetter #InvestInAfrica #AfricanUnity #IMF #WTO #AfDB #TradeNotAid #AfCFTATrading #TravelToAfrica #CFTA #SAATM #TradeInAfrica #TradeUnderAfCFTA #JoinAfCFTA #AfricaOnTheMove #Infrastructure #Tourism #VisitAfrica #MadeInAfrica #AfCFTASecretariat #PanAfricanism #Investors #PAPSS #ZLECAF #AfricanSolutionsToAfricanProblems #Growth #BetterAfricaBetterWorld #StrongerTogether #Afreximbank #UnitedUnderAfCFTA #AfCFTA2024 #Africa2024 #AfricaYesWeCAN #AfricaToTheWorld #GlobalAFRICA

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AfCFTA August UPDATE: Accelerating AFRICA’s development agenda in 2024: The #AfricanContinentalFreeTradeArea (AfCFTA) is the flagship project of the #AfricanUnion’s #Agenda2063, a blueprint for attaining inclusive and sustainable #development across the #continent over the next 50 years. It aims to boost #intraAfricantrade by providing a comprehensive and mutually beneficial #trade agreement among the member states, covering trade in goods and services, #investment, #intellectualpropertyrights and competition policy. The Agreement entered into force on 30 May, 2019 for the 24 countries that had deposited their instruments with the #AfricanUnionCommission (AUC) Chairperson – the designated depositary for this purpose. The #AfCFTASecretariat – charged with various responsibilities related to the implementation of the #AfCFTA – is hosted by Ghana. Wamkele Mene was officially appointed the first Secretary-General of the Secretariat on 19 March 2020, and is now serving his second term. The AfCFTA Secretariat was officially handed over in #Accra, #Ghana on 17 August 2020. Start of trading under the AfCFTA Agreement began on 1 January 2021. As at January 2024, Rules of Origin have been agreed on 92.3% of total tariff lines and the operationalisation of the Pan-African Payments and Settlements System (PAPSS) has been officially launched. On 7 October 2022, the AfCFTA Secretariat launched the AfCFTA Guided Trade Initiative (GTI) in #Accra to allow for commercially meaningful trade under the Agreement to commence for EIGHT (8) participating countries: #Cameroon 🇨🇲, #Egypt 🇪🇬, #Ghana 🇬🇭, #Kenya 🇰🇪, #Mauritius 🇲🇺, #Rwanda 🇷🇼, #Tanzania 🇹🇿 and #Tunisia 🇹🇳, representing the five regions of #AFRICA. This initiative is being used to pilot the operational, institutional, legal and trade policy environment under the AfCFTA. In 2024, the scope of the #GTI was expanded in both product and country coverage across the five African regions and Islands States, with a total of thirty-five (35) State Parties having expressed interest to or have joined the initiative. As at August 2024, 47 of 54 signatories (85.2%) have deposited their instruments of AfCFTA ratification with the #AUC Chairperson. Note: #Eritrea 🇪🇷 ONLY country not to sign the AfCFTA agreement. #Liberia 🇱🇷 to deposit ratified agreement shortly. #BurkinaFaso 🇧🇫 #Guinea 🇬🇳 #Mali 🇲🇱 #Niger 🇳🇪 and #Gabon 🇬🇦 are currently SUSPENDED from the African Union. Slowly progressing towards #TheAfricaWeWant #UnitedUnderAfCFTA #AfricaYesWeCAN #TransformingAfrica #BrandAfrica #Africa #AfricaMeansBusiness #ThisIsAfrica #Diaspora #IT #OneAfrica #TransAfricanHighway #SMEs #CreatingOneAfricanMarket #Partnerships #AfCFTATV #BuildBackBetter #AfricanUnity #SAATM #TradeInAfrica #TradeUnderAfCFTA #JoinAfCFTA #AfricaOnTheMove #Tourism #Infrastructure #MadeInAfrica #PanAfricanism #Investors #PAPSS #ZLECAF #StrongerTogether #TradeNotAid #AfCFTA2024 #AfricanSolutionsToAfricanProblems

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Political Unity should be the cornerstone of relations among African States for it would ensure confidence and co-operation. Disunity, on the other hand, while dissipating their strength, always ends in regrettable results. For this reason, We are making arrangements to grant genuine scholarships to Our African brothers and sisters to study in Our African institutions. #Africa2063Agenda 

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Navigating the Economic Waves: The Gourde vs. US Dollar Challenge Hello, friends! Today, let's delve into the complexities of Haiti's economic landscape, particularly the fluctuating exchange rate between the Haitian gourde and the US dollar. This issue touches everyone in our community, from families to businesses. 🔹 Why It Matters: - Economic Stability: A stable exchange rate is crucial for economic planning and stability. Fluctuations make it difficult for businesses to budget and plan long-term, affecting prices and wages. - Purchasing Power: Changes in the exchange rate can significantly affect the purchasing power of the Haitian gourde, making essential goods and services more expensive for the average citizen. - Impact on Savings: Those who save in gourdes find their savings' value diminishing as the dollar strengthens. 📈 What Can Be Done? - Financial Education: Understanding the dynamics of forex can empower individuals to make informed financial decisions. - Supporting Local: Investing in local products and businesses can help stabilize the economy. - Government Intervention: Policies to stabilize and strengthen the gourde are needed now more than ever. Let's discuss how these changes are affecting you and what solutions you believe could help stabilize our currency. Your voice matters! #HaitiEconomy #GourdeVsDollar #EconomicChallenge

AVPA Announces Catalytic Pooled Fund to Expand Social Financing in Africa The African Venture Philanthropy Alliance (AVPA), in partnership with the Children's Investment Fund Foundation (CIFF) and Prosper Africa, has launched the Catalytic Pooled Fund (CPF). This initiative aims to mobilize USD 200 M in catalytic capital over five years to drive private-sector investment in social development across Africa. This fund is expected to unlock up to USD 2 B in private capital, leveraging five to ten times its value. Africa faces a USD 200 B annual financing gap to meet its Sustainable Development Goals (SDGs). The fund plans to tap into the continent’s dormant domestic capital, including USD 1.8 T held by insurance companies, pension funds, and dormant accounts. The fund will prioritize four key sectors: agribusiness, education, healthcare, and renewable energy. It will also tackle five critical cross-cutting development challenges: inclusive supply chains, climate change, women’s economic empowerment, youth empowerment, and large-scale job creation. Beyond funding, the CPF will provide technical assistance, reduce perceived risks, and demonstrate the viability of high-impact solutions. This initiative is designed to strengthen Africa’s social finance infrastructure by blending domestic and international investments for sustainable development. #Nigeria #SocialFinance #AfricaDevelopment #CatalyticCapital #SDGs

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🌍 Côte d'Ivoire's Call to Action at COP16 During the opening of COP16 UNCCD, the President of Côte d'Ivoire delivered a powerful reminder: the fight against desertification demands a holistic approach and collective action. He emphasized the urgency of establishing legally binding commitments to address severely affected lands, alongside the need for stronger initiatives and synergies across all COPs to achieve better global coherence. GSFN Nature's Rights Dr. Mohammad Qurban Amal Aldaej, PhD 🌱 Key Takeaways from His Speech: Time for Trust and Confidence: Building partnerships rooted in trust to carry forward the essential work of land restoration. International Cooperation: Strengthening global alliances to ensure active implementation of restoration efforts. Action Must Start Now: The resources and strategies are in place—what’s needed is the collective will to act decisively. This is a pivotal moment for land restoration. Together, through collaboration and bold action, we can achieve a more sustainable and resilient future for all. #COP16 #UNCCD #LandRestoration #GlobalAction #Sustainability #InternationalCooperation

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🌱 Last year, we hosted a workshop in Abidjan, Côte d'Ivoire, focusing on the cocoa sector. Building on the summary and learnings from the event, we have released an overview of 16 key factors for successful private sector living income programmes. Focusing on building collective pathways to Living Income through common tools and global exchange, this document expands on three pathways for the private sector to intervene to improve living income: 1. Invest in your value chain: Explore how you can contribute towards programmes and services that help farmers earn more and be more resilient. 2. Adapt your business practices: Explore how your trading practices affect farmers ability to reach a living income, and how improved farmer livelihoods can benefit how you market your company and products. 3. Collaborate at a sector level: Explore the structural issues at the sector level that are preventing your company's supply chain initiatives from being successful, and what challenges at the landscape/community level that you can't successfully address alone. ➡ Find out how you can intervene to improve living income: https://lnkd.in/evmZkbUH #LivingIncome #PrivateSectorIntervention #LivingIncomeProgrammes

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The 15 million women (and more than 4 million men) who belong to CARE Village Savings & Loan Associations (VSLAs) in 64 countries own and run their locally led groups. In Côte d'Ivoire, when several local groups realized the powerful potential of banding together, they formed the Amazone Women for Change. CARE provided training in VSLA methodology, advocacy, leadership, entrepreneurship, and financial inclusion – and helped connect them for national government recognition and partnership. Since March 2022, 49 Amazones have created nearly 2,000 groups with more than 45,000 members, providing trusted support and advice to women across the country on social issues as well as finance, and shifting the balance of power in households and communities. All it takes to unleash this kind of force is the ability and willingness to share knowledge, guidance, and connections to commercial and government networks. The Amazones plan to create 2,000 more groups by 2026. Worldwide each year, a million new members join CARE VSLAs and an estimated $1BN is saved. Just imagine the possibilities of millions more women going from poverty to power. #InvestInWomen – it’s the smart thing to do. https://ow.ly/3iyY50RT9t1

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As talks in New York on the future development finance landscape #FFD4 are underway, the The World Bank is taking concrete action. Today, the Board of Directors approved a highly innovative operation that will help Côte d’Ivoire 🇨🇮 to improve its debt profile while freeing up much needed fiscal space for investments in education. The World Bank will support Côte d’Ivoire to complete a debt-for-development swap. Up to €400 million of the country's most expensive commercial debt will be replaced with cheaper financing. This will allow the government to build more than 30 schools and benefit over 30 000 students. This is the first swap operation of this kind by the The World Bank. The operation also benefits from the World Bank Group Guarantee Platform, a key innovation launched at the most recent Annual Meetings. As Shareholders, we are very proud of this important innovation, especially in a country at the frontlines of global instability and fragility, and look forward to replicating this promising instrument where appropriate. From words to action. That's what we need to turn #FFD4 into a success! Nathalie Francken Jolien Ovaere Ministry of Foreign Affairs Belgium FOD Financiën - SPF Finances Harold Tavares Mamou Ehui Carole van Eyll François Defourny Filip De Maesschalck Mathieu Duquenne

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⏰ Time is running out! 🚀 Submit your session proposal for the #2024APNAssembly before July 30th! Here are some key questions to guide your session content: 🔍 (a) How do power dynamics impact African communities, and what initiatives have been undertaken to navigate and address these challenges? 🔍 (b) In the face of increasing social injustices, how are (civil) society actors championing policy changes for social justice, and what strategies are proving most effective? 🔍 (c) What innovative solutions can uplift and empower communities most impacted by social injustices, leveraging technology, policy advocacy, and community resources mobilization? 🔍 (d) Are current policies effectively addressing systemic social injustices in Africa, with a focus on national policies and continental frameworks? 💫 Visit https://lnkd.in/deHk8Zvb to submit your session! #2024APNAssembly #SessionProposals East Africa Philanthropy Network-EAPN The Youth Cafe Southern Africa Trust Hlanganisa Community Fund for Social & Gender Justice Kenya Community Development Foundation STAR-Ghana Foundation Blood:Water African Women's Development Fund (AWDF) Development Expertise Center (DEC) Pwani Youth Network The Global Fund for Community Foundations TILITONSE FOUNDATION SIVIO Institute Zambian Governance Foundation

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💸 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐬𝐢𝐧𝐠 𝐈𝐦𝐩𝐚𝐜𝐭 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐯𝐮𝐥𝐧𝐞𝐫𝐚𝐛𝐥𝐞 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐞𝐬 Today, impact entrepreneurship suffers from a lack of funding. Demand is unable to match supply. Yet, investing in impact businesses means financing projects in the service of our social and environmental challenges. 💼 𝐖𝐞 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐝𝐢𝐫𝐞𝐜𝐭 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐬𝐨𝐥𝐢𝐝𝐚𝐫𝐢𝐭𝐲-𝐛𝐚𝐬𝐞𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬, 𝐩𝐫𝐢𝐦𝐚𝐫𝐢𝐥𝐲 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐢𝐦𝐩𝐚𝐜𝐭 𝐞𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬 𝐢𝐧 𝐯𝐮𝐥𝐧𝐞𝐫𝐚𝐛𝐥𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬. Initiatives like the "Choose Africa" campaign, supported by AFD - Agence Française de Développement and BPI France, demonstrate the potential of targeted financial support to stimulate economic growth and innovation in Africa. 🔗 Find out more in our manifesto: https://swll.to/5R3N4iW #ManifesteGroupeSOS Alexandre Lourié Penelope Silice

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Spark+ General Partner has announced the second and third closings of the Spark+ Africa Fund with a current AUM of $64 million. Spark+ is an impact debt fund dedicated to growing the clean cooking sector across sub-Saharan Africa. Xavier Pierluca, investment director of Spark+ and managing partner of Enabling Qapital AG said: “We are pleased to be working with such prestigious organisations committed to clean cooking in sub-Saharan Africa. Their commitments in all tranches of the blended structure of Spark+ will be catalytic to accelerate the fund’s deployment strategy.” Read the full article here: https://lnkd.in/d7_KAgaF * Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information: https://lnkd.in/duy5dWPs European Commission IFU U.S. International Development Finance Corporation ImpactAssets Capital Partners

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