Nigeria is the largest economy in Africa, with a rapidly growing population and an ever increasing demand for critical services across all sectors. Faced with a myriad of social and environmental challenges, the country offers a huge opportunity for investors seeking to make both financial and social returns on investment.
Startup enterprises and social innovators who solve these social and environmental issues are in no small number. However, access to capital is usually a major hurdle which often limits them from scaling. The country is ready for more impact investments as the market continues to grow despite the macroeconomic challenges which led to a recession in 2016 and 2020, as a result of the COVID-19 pandemic and the fall in global oil prices. Impact capital grew from $1.9 billion being deployed by 28 investors in 2015 to $4.7 billion deployed by close to 70 investors as of September, 2019.
A major challenge for Impact Investors is the difficulty in sourcing new deals and opportunities. Finding investor-ready businesses that meet both financial and impact criteria is reportedly difficult, especially women-led and owned enterprises whose businesses are now being negatively impacted by the COVID-19. There are limited formal channels or networks that showcase impact enterprises for pipeline development and analysis, so investors rely heavily on word of mouth and their informal networks. There is therefore a strong need to create a platform to showcase Nigerian investment opportunities and attract both local and foreign capital for social investment in Nigeria. This is the main objective of the 2021 Annual Convening on Impact Investing.
The 2021 Annual Convening will be laser focused on showcasing impact investment opportunities in Nigeria. The convening is well-curated to ease Investor’s difficulty in sourcing new deals and effectively contribute to the building of more impact-oriented social enterprises.
For physical participation register below.
Kindly click on the link below for live virtual participation.
Dr. Catherine Chinedum Aniagolu Okoye
Regional Director,
West Africa Office Ford Foundation.
Speaker
Ana Vinambres
Head of ProjectGIZ Nigeria
Competitiveness project – NICOP Part of GIZ Nigeria Pro-poor Growth and Promotion of Employment in Nigeria Programme -SEDIN
Speaker
Mrs. Toyin Adeniji
Executive Director,
Microenterprise & Small Business, Bank Of Industry.
Speaker
It is a pleasure to announce that PEVCA will be hosting its maiden Private Equity and Venture [...]
read more
Is your business working to address a social challenge and are you seeking capital to address […]
read more
Is your business working to address a social challenge and are you seeking capital to address […]
read more