• The facility will leverage the experience and skills of African alternative capital providers, many of which are founded and led by women who deliberately prioritise financing “missing middle” stage enterprises.
• These asset allocators are an emerging class of indigenous capital providers that look to meet the financing needs of Africa’s small and growing businesses (SGBs). Fund vehicles apply innovative approaches and alternative investment structures specifically tailored to the local business environment.
• The investment will showcase financing as viable structures to support the growth of SGBs and to spotlight the opportunity for investors. Building on the early-stage support of FSDAi, Nyala Venture intends to raise additional capital to create a fund of up to USD 80 million over the coming 18 months.

The role that SMEs play in the creation of jobs and driving more resilient economies is well documented. Nyala, by working with these local capital managers, will not only provide the necessary capital to grow and sustain Africa’s emerging businesses, it will also demonstrate to the broader marketplace the critical role that women capital managers are playing in the continent’s finance innovation. Drew von Glahn, Executive Director Collaborative for Frontier Finance