The ground-breaking partnership, formally signed on February 8, 2020 in Addis Ababa between the United Nations Economic Commission of Africa (ECA) and Standard Bank Group, will be transformational in breaking down structural barriers to inclusive investing in Africa
was raised for the fund on the signing day that has a current goal of
President Paul Kagame of Rwanda
was instrumental in leading the way, pledging $500,000. Senegal’s
President Macky Sall
committed $500,000. S
outh African President Cyril Ramaphosa
also pledged to contribute to the fund. The private sector participants pledged the rest.
Prime Minister Justin Trudeau of Canada
pledged $10 million to the African Union to boost gender parity.
Norway Prime Minister Erna Solberg
pledged $8 million to AU initiatives. A portion of these resources will be earmarked for the women’s initiative.
Among the world leaders who witnessed the official launch of this innovative impact investment fund were
UN Secretary-General, Antonio Gutteres
African Union Commission Chairperson, Moussa Faki Mahamat, Ethiopian President Sahle-Work Zewde. Former Liberian President Ellen Johnson Sirleaf
was also in attendance, as were a number of former African heads of state.