Impact Fund for African Creatives
Addressing the financing and management-capacity needs of Africa’s creative businesses.
Read the October 2021 announcement
Capital for the creative economy
The Impact Fund for African Creatives (IFFAC) was established by Roberta Annan to support creative businesses in African fashion and lifestyle industries. It addresses two connected constraints: access to capital and the management skills needed to develop creative businesses.
The original fund model
The fund is managed by an established Alternative Investment Fund Manager, Its ambition is to expand social capital, contribute to the United Nations Sustainable Development Goals and promote inclusive growth.
The 2021 launch
IFFAC launched during Paris Fashion Week in October 2021. The umbrella vehicle is the Impact Fund for Africa VCC, with a collective investment scheme licence application in progress in Mauritius. IFFAC Fashion is its first sub-fund, raising capital for African fashion entrepreneurs.
Read the October 2021 announcement