In this month’s edition we focus on Impact investing. We learn about Impact-First Funds, Return-First Funds, and coexistence of both fund types. Dmitry Fotiyev of Brightmore Capital argues that the new generation of return-first funds opens up the impact space to traditional investors who would not have previously considered impact investments (pp. 14-15).

On the investment front, Amrish Narrandes of Futuregrowth Asset Management shares his views on opportunities in South African Aquaculture. In early 2016, the asset manager earmarked R200m for investment in sustainable aquaculture projects. Read on to find more on current opportunities (pp.16-17).

In this month’s issue we also catch up with with Vincent Destieu, Deal Principal, Phatisa, to discuss new office in Abidjan and trends in agri-food in sub-Saharan Africa (pp.18-19).

Our profile feature covers gender lens investing. We speak with Zee de Gersigny, Managing Director and co-founder to learn more about Victus Global Capital and gender lens investing as investment thesis (pp.20-21)

Finally, James West and Perry Yam, Partners at Mayer Brown say that in recent years there has been a shift in the power base of private equity (PE) investment in Africa from the oil rich West to the new emerging economies of Kenya, Uganda and Tanzania in the East (p.26).