Expected Development Impact
- Enabling SME growth: The Fund’s mandate is to invest in locally-owned or -managed SMEs. Although SMEs create 80% of all new jobs in emerging markets, their growth is considerably hindered by a lack of finance. By 2023, it is expected that AIF will finance 12 high-growth SMEs in sectors with a high potential for job creation and economic value-addition and where women are predominant as entrepreneurs, leaders, workers and consumers. Sectors of focus will be: Agribusiness, Consumer Goods and Essential Services;
- Supporting quality employment: By 2029, AIF investees are expected to provide a significant number of permanent, quality jobs and contribute meaningfully in direct economic value through taxes, salaries and profits. In addition, the Fund’s portfolio companies are also expected to contribute to indirect job creation and indirect economic value-add through their support of local supply chains.