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Closing the Impact Assessment Gap in Africa's Impact Funds

Florian Léon () and Zeïneb Benaïssa
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Florian Léon: FERDI - Fondation pour les Etudes et Recherches sur le Développement International, CERDI - Centre d'Études et de Recherches sur le Développement International - IRD - Institut de Recherche pour le Développement - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne
Zeïneb Benaïssa: FERDI - Fondation pour les Etudes et Recherches sur le Développement International

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Abstract: Impact investing seeks to reconcile financial returns with non-financial outcomes. To this end, measuring the impacts generated (economic, social and environmental) is a crucial step. Drawing on a study of impact measurement practices among investment funds operating in Africa, we find highly heterogeneous practices that fall well short of expected standards. In this brief, we identify the challenges facing funds and propose several avenues to help them strengthen their capacity to measure impact.

Keywords: Impact investing; Impact evaluation; Impact funds; Africa (search for similar items in EconPapers)
Date: 2026-09-03
Note: View the original document on HAL open archive server: https://hal.science/hal-05736725v1
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Published in 2026

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