Social impact investor Oikocredit’s outstanding capital in Africa reached Ksh30 billion in 2023 with the investment targeting projects that address critical challenges like access to clean energy, financial inclusion, and sustainable agriculture.
Dave Smit, director of impact at Oikocredit rooted for more investment in Africa noting that every euro invested has significantly greater impact in the continent than anywhere else in the world.
“Africa has untapped potential, and we should share the power of its narrative more prominently. Social impact investors play a critical part in advancing sustainable development, and every euro invested has significantly greater impact in Africa than anywhere else in the world.”
In 2023, Oikocredit’s outstanding capital in Africa reached €225.7 million(Kes30Billion), reflecting its dedication to transformative initiatives across the continent. In Kenya, its investments have supported projects that address critical challenges like access to clean energy, financial inclusion, and sustainable agriculture. The projects have empowered thousands of people and contributed to the country’s sustainable development goals.
A celebratory breakfast in Nairobi to mark 30-year anniversary brought together partners and stakeholders from agriculture, renewable energy, and financial inclusion to commemorate this milestone.
The breakfast event highlighted Oikocredit’s long-standing commitment to supporting social and economic change across Africa through loans and equity investments. It provided a platform for the cooperative’s partners to reflect on shared achievements, explore opportunities for further collaboration and applaud the remarkable journey of social impact investing in Africa.
Caroline Kamau-Mulwa, Regional Director for Africa at Oikocredit, thanked the guests for their collaboration over the past 30 years: “Together, we have achieved important milestones, deployed millions of euros across Africa, and positively impacted the lives of millions of borrowers including smallholder farmers, small-scale entrepreneurs and low-income households.”
“Our partnerships have demonstrated the power of patient capital to catalyse meaningful and lasting change, and Oikocredit remains ready to collaborate afresh with current and new partners to continue co-creating impact across the continent.”
