services for sustainable social enterprises • Development and implementing a network of industry focused startup accelerators that scales and grows startups globally by giving them direct access to an international network of the most relevant partners, content, investors and mentors in their sector. 3.4 Formal engagement with investors to advocate for interventions to support strengthening the pipeline of impact investments able to meet financial & social and / or environmental objectives of impact investors 3.4.1 To investors, present “business case” for investing philanthropic capital into strengthening the pipeline of impact investments Number of formal engagements with investors presenting “business case “for investment into strengthening the pipeline of impact investments End of 2018 National governments; impact investment network / body; sustainable social enterprise networks including Aspen Network of Development Entrepreneurs; technical experts including B Lab / GIIRS; intermediaries specialized in industry standard and best practice 3.5 Formal engagement with sustainable social enterprises to advocate for consideration of social enterprise label, adoption of impact measurement standards and use of quality private-led business development services 3.5.1 To sustainable social enterprises, present “business case” for: • Adoption of social enterprise label including strengths and drawbacks if deemed appropriate by impact investment network / body • Linking to investor networks • Adoption of impact measurement standards Number of formal engagements with practitioners and sustainable social enterprises presenting “business case” for consideration of social enterprise label. Adoption of impact measurement standards and use of quality private-led business development services Decision needs to be made on future identifiers GSEN hosting meeting in Cape Town, Africa. Could put this topic forward to be discussed there. End of 2018 Q2 2017 Suggested actors: national governments; impact investment network / body; technical experts including B Lab / GIIRS; intermediaries specialized in industry standard and best practice and impact measurement To be engaged: GSEN (Global Social Entrepreneurship Network)
Educate and provide clear guidelines on the role, means of intervention and timeframes of intervention by government Devise appropriate, policy mechanisms. 4.4 Increased capacity by policy makers to create impact investing enabling policies and regulations in different countries 4.4.1 Work with policy makers to increase capacity and support development Awareness in government Number of policy makers attending workshops Selected feedback from participants Beginning in 2018 completion of 4.1 & 4.2 Impact Investing Network/body to supervise and National Advisory Boards to provide support 4.5 Published best practice toolkit(s) including case studies of specific efforts and success stories related to key research topics related to policy development 4.5.1 Commission consultancy research institution or other intermediary to develop best practice manual(s), toolkits and case studies highlighting specific efforts and success stories related to each key research topic in individual African counties Best practice toolkits(s) illustrating practical steps to implement efforts related to each research topic Ongoing from end of 2018 Mid-2018 Suggested actors: Appropriate consultancy, research institution or intermediary commissioned by impact investment network / body National Advisory Boards can lead on the creation of toolkits $300K for creation of tool kit. 4.6 Impact investment network/ body liaises with identified cross-departmental champion at National Treasury level 4.6.1 Facilitate linkages and convening between impact investment industry and policymakers by liaising with identified cross-departmental champions at National Treasury level Lobby for integration of impact investment advancing clauses into relevant regional and national level policies Number of formal engagements between identified champion and impact investment industry and/or impact investment network/ body Number of policy interventions and programmes supporting impact investment implemented May / June 2019 Convening at WEF / SDG Africa in 2019 Suggested actors: National government; impact investment member network including Southern African Impact Investing Network and similar associations 4.7 Country-level published research on key topics related to policy development 4.7.1 In long-term crowd-in skill to perform research of key topics and additional ones identified per country Country-level baseline data or study on key research topics Ongoing from 2020 Research early 2019 Launch event in 2018 for research Suggested actors: Appropriate consultancy, research institution or other intermediary commissioned by impact investment network / body $200K - Convening at WEF / SDG Africa in 2019
Outcome 6: Appropriate infrastructure and mechanisms to facilitate impact investment deals Outputs Activities Indicators Timeline Key Implementation Actors Committed Resources 2017 2018 Ongoing 6.1 Map of Africa impact investment sector intermediaries, associations and similar actors 6.1.1 Commission/support detailed mapping of consultancies; research and/or academic institutions and other intermediaries such as impact investment member networks and other associations in Africa Expand what has already been done as collective research (ANDE & Greater Impact for SA and East Africa, Nigeria and Ghana as well as UNDP (Africa) – (investors, intermediaries, policy makers and where are the gaps & how are they addressed) Translate into French and Portuguese (Arabic) Include of impact matrixes Over-all coverage and availability of the information to the community (interlinked web sites) End of 2017 ANDE; Greater Impact, Dalberg Regional networks AfDB (information source). FinFund; GIIN (capital advisors); $250,000 platform: mapping for content $60,000 per region + development) (+$ 60,000 for Africa) 50,000 / year maintenance & upgrade 50,000 translation 50,000 / year marketing and promotion ( 2 years) 6.2 Published research including case studies, models and guidelines on key research topics 6.2.1 Commission consultancy, research institution or other intermediary to work with actors to conduct research using a similar approach of the GIIN regional studies on impact investors on Impact investment infrastructure needs Make available through regional coverage, joint initiatives to have a coordinated effort, dissemination (ref. to the advocacy outcome for further impact of the research) Speaking slots at conferences. Number of publications per annum End of 2017 GIIN; Bertha Centre ANDE; Catalyst for Growth; AfDB; EIB; Greater Impact; Intellecap US$100,000 per year
6.3 Formal engagement with development partners, private sector and foundations to advocate for support to develop industry infrastructure (institutions, tools, instruments etc.) 6.3.1 To development partners, private sector and foundations, present “business case” for: Investment into development of key industry institutions such as impact investment member networks and industry infrastructure Consideration of continental fund of funds Development of investment platforms Development of impact investment ecosystems in countries to enable those ‘demanding’ impact investment to flourish through capacity building support, investment readiness support, legal and regulatory structures, embedding support in education systems, etc.; Number of formal engagements with development partners, private sector and foundations to advocate for support to develop industry infrastructure (institutions, tools, instruments etc.) Number of Pooled incubators and accelerators on a platform that showcases investees to attract investments with a quality label – creation of user friendly regional portals Number of investors linked to the existing platforms Number of Technical assistance and guarantee mechanisms that are available Start 2017 Bertha Center Catalyst for Growth ANDE Microfinance institutions and banks (Standard Bank and Absa, AGF) SAIIM network (advocacy and linkages) VC4A AfDB Ref. to 6.1 Budget for bringing intermediaries together – research and marketing cost $100,000 start-up and $50,000 maintenance 6.4 Ongoing formal and informal engagement with development partners, private sector, foundations 6.4.1 Conduct ongoing advocacy and engagement with development partners, private sector, foundations, etc. to: Mobilize resources to support continental fund of funds Mobilize resources to support technical assistance and development of appropriate institutions such as impact investment member networks Support testing and development of appropriate financing models and structures Support development of stage-appropriate impact Number of ongoing engagements with development partners, private sector and foundations Ongoing from 2017 USAID DFID, EIB, SIDA, Rockefeller Foundation, FORD Foundation, CDC,FMO, AFD, IFU, GIZ, Afircan Dev. Foundation, Governments (SA National Treasury) Budget for 1 session per region per year US$20,000
6.6 Disseminated profiles of impact investment platforms and social stock exchanges 6.6.1 Facilitate linkages to develop impact investment platforms by building on the Report to profile and disseminate information on existing social stock exchanges and platforms Expand the Mauritius stock exchange initiative (IIX) to include impact investing Review the former SA social exchange – looking at investees – full due diligence on organizations and give them a rating and make it public -> attract donors that want to fund good projects Existing case study to update and explore expansion Trading platforms for existing stock exchanges to provide an exit mechanism Number of profiles and information on impact investment platforms and social stock exchanges disseminated via impact investment member networks Ongoing from 2020 African Agrobusiness incubators network (Ghana based, continent wide reach); Global development Incubator; Afrilabs; Impact Investment Exchange, MyC4. Budget for collecting information – desk research $30,000 6.7 A range of & visible private impact investment platforms created 6.7.1 Facilitate addressing of sustainable social enterprise capacity gaps to list on impact investment platforms and social stock exchanges through support as outlined in Outcome 3 6.7.2 Leverage existing platforms and networks for social entrepreneurs and scale them to reach empty spaces 6.7.3 performance and experience of existing impact investment platforms (e.g. the United Nations Social Impact Fund (UNSIF) Number of sustainable social enterprises listed on platforms and social stock exchanges Ongoing from 2020 Impact Impact Investment Exchange, MyC4, VC4Africa, business development support service providers and incubators, research institutes, representatives of financial market regulators e.g. Financial Services Board