Start-ups

NASASA CD is a South African management company supporting NASASA CFI for “Stokvel” savers, who currently do not have access to adequate bank saving products.

South Africa’s poor and undocumented have no access to financial services. NASASA CD will address this gap and directly increase financial inclusion and household resilience with its savings product and the financial and digital literacy programs it will promote.

By leveraging the rising use of mobile technology and group savings in South Africa, NASASA CD will promote fintech practices and improve physical security for users.

Partners and investors

NASASA CD Savings has two promoting partners: the National Stokvel Association of South Africa (NASASA) and Cardano Development. The initiative has been supported with a development grant from JoDEA.

Octobre is establishing a number of parallel instruments to improve liquidity in the impact investing ecosystem, starting with a liquidity guarantee facility.
Eventually, Octobre aims at offering Secondary Market, Fund of Fund and Listing Services, all with the purpose of attracting large pools of capital for impact.

The lack of exit options is a key hurdle to engaging in impact finance for certain pools of mainstream investors, e.g. retail funds. By addressing this liquidity barrier, Octobre will unlock additional capital flows from these sources, and contribute to the achievement of Sustainable Development Goals

Improving liquidity in the impact investing will attract more players to the asset class, hence helping it reach maturity and ultimately leading to the existence of a new mainstream asset class eligible to all investors.

Partners and investors

Octobre has three promotors: Cardano Development, Innpact and Octobre Management. It has received financial and technical support from the Good Energies Foundation and CLUA – Climate and Land Use Alliance

KCEF will be a credit guarantee vehicle dedicated to the East African capital market for domestic funding of long term (infrastructure) assets, similar to InfraCredit in Nigeria and InfraZamin in Pakistan.

A dedicated domestic guarantor focusing on local institutional investors provides the basis for delivery of a sustained flow of local currency debt products into the real economy.

The investors benefiting from the guarantees become familiar with the risks associated with long-term asset finance, such as infrastructure, and gradually develop an appetite for unguaranteed investments.

Partners and investors

KCEF has two promotors: Cardano Development and InfraCo Africa. KCEF is supported with development grants from JoDEA and FSDA.

Social Infra Ventures will develop and own greenfield affordable housing and social infrastructure projects (such as healthcare, education and sport facilities, and civic service) in North and West Africa.

Social Infra Ventures is providing green quality affordable housing for sell or rent and developing social facilities to create sustainable and inclusive communities.
Social Infra Ventures is catering the growing needs of low to middle income families in Africa.
Social infrastructure has a positive impact on communities and helps develop a more inclusive and sustainable society (SDGs 11)

The masked reality is that there remains a large segment of African households that cannot afford to buy a house, even one that is heavily subsidized.
For many households, renting is a cheaper alternative to homeownership: Social Infra Ventures is creating the first residential rental platform for Africa.

Partners and investors

Social Infra Ventures has two promotors: Cardano Development and AIP, a vehicle of the venture’s management. Social Infra Ventures is supported by JoDEA through a development grant.

DGG is creating the Green Guarantee Company, an innovative guarantor focused on mobilising global credit and capital markets to address the climate finance gap for developing countries. DGG is also advising on the development of guarantee programmes to mobilise more private sector capital towards addressing the SME financing gap in developing countries.

Catalysing private investment flows from mainstream markets to achieve impacts at scale is a key success factor in achieving the SDGs. Mitigating the credit risks of these investments is identified as a strategic issue to be resolved.

Guaranteed investing has proved to lead to greater transparency and familiarity of investment characteristics, leading to lower needs for de-risking and ultimately the phasing out of guarantees.

Partners and investors

DGG has two promoting partners: Cardano Development and DGG Management.

The Green Guarantee Company, managed by the Development Guarantee Group, aims to help public and private sector borrowers access long-term debt from global credit and capital markets.

By becoming a trusted intermediary which uses guarantees to help build capacity and understanding between investors and borrowers GGC aims to create confidence over time to a point that the need for a guarantee becomes redundant and long-term market transformation is achieved. 

GGC’s guarantee instruments could potentially mobilize billions of dollars of capital for climate projects in emerging markets, enabling accelerated decarbonization. GGC’s climate mitigation impact numbers derive from a balanced mitigation portfolio of carbon avoidance projects, like renewable energy and green buildings.