The development of impact investment in Kenya has the potential not only to create far-reaching social and environmental improvements domestically, but also to inspire the development of new, innovative and life-changing solutions in other African countries.
It also paves the way towards the development of an impact economy across Africa, and attainment of the seventeen UN Sustainable Development Goals (SDGs) which aim to address the global challenges of poverty, inequality, climate, environmental degradation, prosperity, and peace and justice by 2030.
Time is critical in this journey. Kenya faces many socio-economic challenges: about 50 per cent of its citizens live below the poverty line; it has the highest per capita rates of HIV in Africa; and its population is significantly dependent on subsistence farming, which is being negatively affected by the climate crisis. A progressive impact investment sector could go a long way to achieving the changes needed for sustainable development in the region.