The amount committed by impact investors into Kenyan enterprises is expected to double to Sh123 billion ($1.2 billion) within the next five years, a new study by US-based consultancy FR LLC and University of Virginia Business School shows.
The rise of social impact investors — who invest in firms or projects that will have a wider social impact such as high job creation — is opening up an additional funding stream for start-ups which have traditionally relied on private equity and venture capital funds for financing.
