Launch of EA ICT Impact Investing Report

Tomorrow, the Capital Markets Authority, CMA, will launch a report from a taskforce it appointed to look into ICT Impact Investing in the East Africa region. In appointing the taskforce the CMA set out to:

To encourage the growth of impact investing in the ICT sector in East Africa and thus improve ICT services to the poor while also contributing to the growth of the financial market…

The taskforce with Richard Bell as the chairman undertook a three-phased research and will be launching their report on Thursday 24th February at the Nairobi Serena.

The taskforce’s major objecitves were:

• Identify the impediments to socially impactful technology investments in the region.
• Identify possible technology investments that could be attractive to Impact Investors
• Develop tangible recommendations on steps that could be taken to overcome the existing obstacles to successful impact investing and venture capital in the East African ICT sector.

The most important output of this report is the fact that actual and relevant data available to groups and individuals interested in investing in the ICT sector in the EA region.

Another issue I am most interested in is the recommendations from the taskforces on tax and legal requirements obtaining in the EA region. One thing to note is that in so much as the EA governements have tried to streamline tax and legal obligations to investment, they still are dissimilar, thus exposing investors to bottlenecks.

From the extensive expertise of the taskforce members, we expect a thorough and detailed report, I’ll be writing more on this once I after the launch..

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