The African Venture Philanthropy Alliance (AVPA), a Pan-African network of social investors collaborating to mobilize and deploy capital for impact, and the United Nations Development Programme (UNDP), through its Africa Sustainable Finance Hub (ASFH) and the flagship initiative SDG Impact, have partnered to promote sustainable finance in Africa. The collaboration will support the African private sector to contribute to the Sustainable Development Goals (SDGs) and the African Union (AU) Agenda 2063.
The collaboration kicks off with an SDG Impact Standards User Training for African Corporates. The AVPA-UNDP partnership engages corporate and industry leaders to raise awareness and facilitate understanding and practical skills about managing for impact and integrating sustainability at the core of decision-making practices through a common language. UNDP’s partnership with AVPA will provide the African private sector with a framework for integrating responsible business and impact management practices into their strategy, organizational systems, and internal decision-making to optimize interrelated economic, social, and environmental impacts.
AVPA and UNDP will also leverage the UNDP’s SDG Investor Maps to showcase and analyze African SDG investment opportunities that will help shift the assets of corporate and private investors into SDGs. The UNDP’s SDG Investor Maps is a market intelligence tool that aims to direct capital to emerging markets where SDG priorities, government policy, and market opportunity converge. The SDG Investor Maps are housed digitally on the SDG Investor Platform, and also serve as the foundation to engage policymakers to support an enabling environment for SDG Investment across Africa.