Prosper Africa, a U.S. Presidential national security initiative aimed at strengthening the strategic and economic partnership between the U.S. and Africa, has committed $5m to ImpactA Global, a women-led Emerging Markets infrastructure debt investor. 

British A. Robinson, Coordinator for Prosper Africa, said: “We consider ImpactA Global’s innovative strategy critical to Prosper Africa’s mission of scaling up private capital flows for resilient infrastructure in Africa and achieving our global climate and sustainability objectives. We believe the ImpactA Global team are well positioned to continue to mobilize significant private sector investment in Emerging Markets that aligns with our efforts towards catalytic investment in Africa.”

Prosper Africa and ImpactA Global are aligned in their ambitions to address the critical infrastructure deficit and unlock private finance at scale for climate impact mitigation and adaptation in the world’s most vulnerable economies, including Africa.

The funding, which comes from the U.S. government, will help drive ImpactA Global’s strategy to finance sustainable infrastructure projects in underserved regions, with a focus on addressing climate challenges and reducing social inequalities. 

The announcement follows ImpactA Global’s existing partnership with Legal & General, a financial services group and global private and public markets asset manager.

Since inception in 2022, the ImpactA Global team has grown from four to 13 people, bringing together a depth of capabilities across infrastructure, project finance, and asset management to support business growth and investment pipeline for the development of resilient infrastructure in emerging markets, focusing on renewable energy, clean mobility, health, water, and sanitation.

Isabella da Costa Mendes, Co-Founder and Co-CEO, ImpactA Global, said: “We are thrilled with the support of Prosper Africa for such an important strategy. The track record of the U.S. government through Prosper Africa helps bridge the gap between US-based investors and Emerging Markets companies and projects, particularly in Africa, is unparalleled. We look forward to strengthening this collaboration and helping deliver critical infrastructure to much needed jurisdictions.”

Victoria Miles, Co-Founder and Co-CEO, ImpactA Global, added: “Addressing climate challenges and reducing inequalities in Emerging Markets is our paramount objective. These challenges will only be met with the mobilisation of significant pools of private institutional capital. Working with partners such as Prosper Africa will enable ImpactA Global to accelerate this mobilisation and implement its strategy. We look forward to a successful collaboration.”

Hannah Gore-Randall, Managing Director of Alternative Finance, Legal & General, said: “There is an urgent need to finance Emerging Markets' energy transition, and we believe that to be serious about climate transition, investors must be allocating capital to sustainable infrastructure in these regions. We are delighted that the provision of our catalytic capital has brought in the likes of Prosper Africa, a highly reputable development finance institution, as partners for ImpactA Global. Innovative financing structures are reducing risk and driving the asset class’s reputation as a compelling investment opportunity that offers the potential for positive financial, social, and environmental returns.”