Traditional private equity and debt fund models, which have been successful in developed markets, can struggle to deliver target returns for investors on traditional timeframes in frontier markets. Permanent capital vehicles (PCVs) offer an alternative. They enable investors to support transformative businesses – including those working in climate adaptation, resilient infrastructure and urbanisation – that are often overlooked by time-bound funds.

Small and growing businesses are the backbone of economies in frontier markets across Africa. Despite this, they struggle to access the funding they need to grow. Our latest Foundations of Growth publication shares the experiences of two organisations helping to address the funding gap.

This publication – the fifth in our Foundations of Growth series – highlights opportunities and approaches for development finance institutions (DFIs) and impact investors to contribute to the financial sector in frontier markets and support economic growth.  

A new publication from the Africa Resilience Investment Accelerator (ARIA), part of the Foundations of Growth series, explores case studies of successful collaboration between donors and development finance institutions.

A new publication from the Africa Resilience Investment Accelerator (ARIA), part of the Foundations of Growth series, on the case for DFI and donor collaboration in frontier markets

A new publication from the Africa Resilience Investment Accelerator (ARIA) covers the opportunities of investing in frontier markets across Africa.

A new publication from the Africa Resilience Investment Accelerator (ARIA) covers how development finance institutions are investing in frontier markets in Africa, the lessons they’re learning and approaches for fostering greater investment in the future.

This ARIA market mapping report is aimed at helping development finance institutions develop their strategies for investing in Ethiopia.

This ARIA market mapping report is aimed at helping development finance institutions develop their strategies for investing in Benin.

A new publication from the Africa Resilience Investment Accelerator (ARIA), part of the Foundations of Growth series, explores case studies of successful collaboration between donors and development finance institutions.

Through a collaboration between IFC and EIB-, the Africa Resilience Investment Accelerator (ARIA) published a report in March 2023 to share the importance of conflict sensitivity for the private sector and how it can be applied at programme level.

This report explores examples of collaboration and better understand the drivers of – as well as the barriers to – effective relationships between DFIs and the broader private sector development community.

This ARIA market mapping report is aimed at helping development finance institutions develop their strategies for investing in Benin.