Who is Deploying Catalytic Capital in Africa — and What Drives Them to Engage?

“In African SME markets, catalytic capital is often best aligned with how these markets develop. But who is deploying catalytic capital in Africa today, and what determines whether they engage? The answer depends heavily on where investors sit along the financing continuum,” writes Emilie Debled, founder of All for Impact and a C3 advisor, in ImpactAlpha. She draws on research conducted in partnership with C3 to highlight investor groups that repeatedly emerge in the early stages of SME fund development.

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