New Africa Impact Fund (NAIF) is a diaspora led fund providing African diaspora the platform to take ownership of the continent’s development. Together with our investors and development partners we build and support businesses with a viable and, measurable financial return and social impact.
Empowering Small and Growing Businesses
Small and Micro Enterprises (SMEs) play an important economic role in almost every country. In Ghana (West Africa), for example, the SME sector contributes a substantial number of new jobs. Data from the Registrar Generals Department suggests that 92% of companies registered are micro, small, and medium enterprises. SMEs in Ghana have also been noted to provide about 85% of manufacturing employment, which contributes about 70% to Ghana’s GDP and therefore have the catalytic impacts on economic growth, income, and employment. A major barrier to the rapid development of the SME sector is a shortage of both debt and equity financing. SMEs are bedeviled with a host of financial and technical business constraints that go a long way to impede business continuity and their ability to scale up.
In response to the above, the New Africa Impact Fund (NAIF) has been established as a well-structured SME fund, catering for SMEs by providing preparatory business support in addition to equity and debt investments.
Established in 2019, NAIF is a Limited Liability company with a mission to provide alternative medium-to-long-term financing for SMEs, to spearhead Business Growth and Scalability, while promoting Job Creation and Wealth.