In fragile economies of West Africa, the financial sector is underdeveloped and access to finance for entrepreneurs and small and medium-sized enterprises is limited. The West Africa Bright Future Fund aims to bridge this financing gap with an impact on job creation, increased incomes and social resilience, especially for women and youth.
The West Africa Bright Future Fund brings investments to Mali, Sierra Leone, Guinea and Burkina Faso. By offering growth capital to well-performing small and medium-sized businesses, the Fund aims to support local sustainable economic development. By prioritizing sectors accessible to women and youth and businesses that contribute to fighting climate change, we aim to maximise the social impact of each investment.
Our team of experienced Investment Managers in Sierra Leone, Mali and The Netherlands evaluate investment opportunities and identify the most impactful value chains. With the support of local partners such as Cordaid/ICCO, CrossBoundary and Power Africa, we can invest in the most crucial sectors for the economic and social development of the countries.
Every investment made will have first and second loss coverage to mitigate risk. The West Africa Bright Future Fund has attracted in total €3m in committed investable first loss from the USAID West Africa Trade and Investment Hub, the National Postcode Lottery, and private donations. Additionally, the US DFC has committed a Regional Portfolio Guarantee that covers 50% of the financial risk of a further €24m of investment. Foreign currency exposure will be hedged.