07/31/2026
"Africa doesn't have a private capital problem. It has a design problem." 💡🌍
We are thrilled to share that our exclusive thought leadership piece, co-authored by Amma Lartey (CEO, Impact Investing Ghana), Hamdiya Ismaila (CEO, Savannah Impact Advisory) and Benedict Yiyugsah (Senior Knowledge and Policy Lead), has just been published in Pioneers Post!
In the article, we break down why the solution to Africa's $331B SME financing gap isn't waiting for foreign aid—it’s safely unlocking the $600B+ sitting in African pension funds.
Drawing from the historic launch of Ci-Gaba, West Africa's first pension-backed $75M Fund-of-Funds, we share the crucial design choices that built trustee trus
âś” Setting a strategic 30% catalytic first-loss layer to de-risk investment
âś” Denominating the fund in local currency (GHS) to eliminate foreign exchange risk
âś” Embedding practical, local pension trustee capacity building as core infrastructure
A huge thank you to Pioneers Post for platforming this milestone and to our visionary partners—including the UK FCDO (The RISA Fund), Small Foundation, FSD Africa Investments, FMO - Dutch entrepreneurial development bank, Ford Foundation, Argidius Foundation, GSG Impact, Stanbic Bank Ghana, Axis Pensions Ltd, and Enterprise Trustees—for helping turn this framework into reality.
👉 Read the full opinion piece on Pioneer's Post here: https://www.pioneerspost.com/business-school/20260731/ghana-s-groundbreaking-us75m-ci-gaba-fund-proves-africa-doesn-t-have
👉 Download the complete Executive Summary & Framework:
EXPERT INSIGHT: Ghana’s first pension-backed, blended finance fund of funds is proof of concept that domestic savings, not foreign aid, could become the biggest source of finance for African SMEs.