This pan-African initiative launched with Governments of Luxembourg and Côte d’Ivoire as anchor sponsors aims to accelerate sustainable socio-economic development.
BLOC Smart Africa Impact fund is a flagship programme of Smart Africa and will invest in businesses with scalable technology to create growth opportunities for underserved communities in Africa.
The Governments of Luxembourg and Côte d’Ivoire have subscribed €10 million into the first loss tranche of BLOC Smart Africa, aiming towards a target of $100 million.
BLOC Smart Africa is part of SDG500, the blended finance technology impact fund with a fundraising target of $100 million created and managed by InFiNe.lu members, Bamboo Capital Partners, and dedicated to help achieving the Sustainable Development Goals.
Smart Africa will support fundraising efforts and collaborate closely by providing access to its technology ecosystems, including incubators and accelerators, and helping source deal flow.
Smart Africa is an alliance of 31 African countries, international organisations and global private sector players tasked with Africa’s digital agenda. The alliance is empowered by a bold and innovative commitment by African Heads of State to accelerate sustainable socioeconomic
development on the continent and usher Africa into the knowledge economy through affordable access to broadband and use of ICTs. With a vision to create a single digital market in Africa by 2030, the Smart Africa Alliance brings together Heads of State who seek to accelerate the digitalization of the continent and create a common market.
For more information, read Bamboo Capital Patrners’ Press Release on the event.
InFiNe.lu is the Luxembourg platform that brings together public, private and civil society actors involved in inclusive finance. The value of InFiNe.lu lies in the wide range of expertise characterised by the diversity of its members.
With the support of
Picture 1 © Pallab Seth