| Project Detail |
BLOC Smart Africa is part of a set of six independent impact sub-funds grouped under the SDG 500 fund managed by Bamboo Capital Partners ( http://www.bamboocp.com/ ). Each of the six sub-funds is dedicated to a particular sector with a specific geography focus.
In January 2020, Luxembourg announced its intention to invest in the BLOC Smart Africa fund. This contribution is part of the desire to involve the private sector in a more systematic and strategic manner in achieving the development objectives of Luxembourg cooperation.
The BLOC Smart Africa fund is the result of a partnership between Bamboo Capital Partners and Smart Africa ( https://smartafrica.org/ ), a network of 30 African states aiming to create a single digital market on the African continent. BLOC Smart Africas investment objective is to accelerate the use of new technologies at the global level with a focus on the African continent in order to contribute to the fight against poverty and address large-scale environmental challenges. , through more sustainable development, inclusive economic growth and long-term social impact.
It focuses on different sectors, namely financial inclusion and agribusiness, access to clean energy, healthcare and education. More specifically, the fund examines areas in which innovative technologies can open the way to new investment opportunities and improve access, affordability and sustainability of essential products and services for income communities. weak and intermediate developing markets.
BLOC Smart Africa invests as a priority in companies with an operational presence in Africa without however excluding the possibility of investing in other geographical areas in solutions or technologies that are also applicable in Africa.
LuxDev is responsible for the financial management of Luxembourgs contribution to the fund as well as for monitoring its investment. As such, LuxDev represents the Luxembourg government on the sub-funds advisory committee, which is responsible for advising the funds board of directors on their investment policy. |
