This report provides an overview of the 2025 Inaugural Pan Africa Conference, hosted by the Aspen Network of Development Entrepreneurs (ANDE), held in Dakar, Senegal, from February 11–13.
Women leaders have shown promise in improving business performance. A survey by the International Labour Organisation (ILO) in 2019 – covering shopkeeping, sales or trade activities, manufacturing, construction, education, financial/insurance activities, and other economic services – observed that when enterprises have a gender-inclusive business culture and policies, they experienced 63 per cent increase in business productivity and profitability. Additionally, 60 per cent enhancement in the ability to attract and retain talent and a 59 per cent improvement in creativity, innovation and openness (ILO 2019).
Furthermore, globally, funders and investors are increasingly attracted to ethical and gender-inclusive funding, recognising its dual benefits to business and society. With a gender-smart approach, you can seize the opportunity to access the pool of funding by showcasing its tangible impact on gender-related outcomes, effectively aligning its initiatives with the evolving priorities of the investment landscape. Thus, by breaking down gender barriers, you can access diverse skills and expertise, strengthening your workforce and overall competitiveness.
Vietnam’s private capital market is entering a new phase of maturity, driven by strong macro fundamentals, digital acceleration, and investor optimism.
The Vietnam Innovation and Private Capital Report 2025, co-authored by Vietnam Private Capital Agency, National Innovation Center, and BCG, provides a comprehensive look at the trends shaping venture capital and private equity across one of Southeast Asia’s most dynamic economies.
Despite a global capital slowdown, Vietnam attracted $2.3B across 141 deals in 2024, signaling sustained investor confidence. The report explores key sectors including AI, energy, healthcare and education, and the impact of national reforms such as Resolution 57 on innovation and sustainability. With rising digital adoption, a growing middle class, and targeted government support, Vietnam offers compelling opportunities for investors and business leaders seeking long-term growth in the region.
This report draws on the extensive experience of Elevar Equity, which has helped in conceiving the concept of Entrepreneurial Households (EHs). While observing underserved and under-appreciated households and working with approximately 50 companies, Elevar Equity identified the EH archetype. These households exhibit an enterprise-like economic model, combining multiple income sources into significant cash outflows, impacting both long and short-term prosperity. This report was commissioned to validate over a decade’s worth of ground up observations. The Range Analysis of CTV Estimates was specifically undertaken to allow for some sensitivity analysis, given multiple variables involved in this market sizing estimate. We expect this to evolve over time as richer data sources emerge. Irrespective of the exact numbers, the focus of this report is on the commercial readiness of this market from a business and investment standpoint. praxisga.com A distinctive feature of EHs is their substantial Household Transaction Value (HTV), which better represents their economic vitality, compared to mere income levels. This vitality is also evident in their asset ownership patterns and aspirations, particularly in their substantial investment in High Priority Goods and Services (HPGS) like education, healthcare, financial services, housing, and business activities.
The OECD Entrepreneurial Ecosystem Diagnostics report introduces a novel framework and dataset to assess and compare entrepreneurial ecosystems across all 38 OECD countries. Rather than producing a single index to rank countries, the report adopts a multi dimensional approach based on three core components: inputs, outputs, and variation. Inputs cover ten essential elements—Institutions, Culture, Networks, Infrastructure, Markets, Finance, Knowledge, Talent, Leadership, and Intermediate Services—captured through composite indexes built from about 40 indicators drawn from OECD statistics and other sources. Outputs reflect entrepreneurial performance, with indicators such as startup rates and business survival. The variation dimension measures how entrepreneurship is distributed socially and regionally, with attention to inclusivity, particularly for women and distribution of startups across regions. Each dimension is tracked at three time points to monitor ecosystem evolution and progress. Designed as a policy support tool, the report provides robust, evidence based insights to identify systemic bottlenecks and guide national strategies. It aims at facilitating informed dialogue and targeted policy action to build dynamic and balanced national entrepreneurial ecosystems. Released as a pilot, this first edition lays the foundation for future iterations, with continued refinement of data and analytical depth to enhance its relevance and impact.
The global impact landscape is evolving at an unprecedented pace, driven by the urgent need to address climate change, social inequality, and sustainable economic development. As capital markets increasingly integrate environmental, social, and governance (ESG) factors, impact investing has transitioned from a niche practice to a mainstream investment strategy. Governments, financial institutions, and private investors are aligning their capital with measurable social and environmental outcomes, fostering a more inclusive impact economy.
This report is intended to inform investors, policymakers, and ecosystem builders by providing actionable insights to accelerate capital deployment and drive systemic change. It highlights how impact investing is evolving across diverse country contexts - not only in developed markets, but also in emerging and developing economies, where local and international actors are co-creating ecosystems. Rather than ranking ecosystems or generating a scoreboard, the report aims to serve as an ecosystem learning tool and to build confidence in local actors and initiatives.
The report summarizes key insights from the “Access to Green Finance – Sustainability Stars” event, which brought together investors, corporates, Entrepreneur Support Organizations (ESOs), and Small and Growing Businesses (SGBs) to explore catalytic finance solutions in India’s green economy, particularly in waste management and circularity.
This study offers a glimpse into the evolving landscape of impact capital in Malaysia. This project was initiated as an advocacy tool to help grow the impact investment movement in the country and foster meaningful conversations. While global interest in impact investing has surged, Malaysia’s ecosystem remains nascent yet brimming with potential. Our goal is to share the collective thoughts of key impact capital providers, giving you a clearer picture of where we are and where we’re headed.
Whether you’re just starting your journey in impact investing or are already making strides, our findings aim to reassure you that you’re part of a larger movement.
Our findings are accessible to all as we hope to inspire coordinated efforts that optimise resources, drive innovation, and ultimately transform the landscape of impact investing in Malaysia.
Business development service (BDS) programmes, such as accelerators and incubators, are increasingly looked to as promising ways to help entrepreneurs enhance their business skills, expand their networks, and access investment. In Fiji, there is a small but quickly growing entrepreneurial ecosystem supported by over a dozen BDS programmes. This report seeks to characterize the BDS landscape and form recommendations for its continued growth based on international research and established best practices from other ecosystems across the globe.
In this report, the authors assess the practices of Fiji's BDS providers against the SCALE principles, a set of recommendations published in 2021 by the Argidius Foundation which reflect global best practices for BDS provision. This study identified a total of 21 BDS programmes in the Fijian ecosystem administered by 14 service providers, including eight accelerators, five incubators, and eight additional programmes such as co-working spaces, grantmaking facilities, and technical assistance. Based on desk research and interviews with programme managers, the authors assessed Fiji’s accelerator and incubator landscape as moderately applying the SCALE principles.
International Non-Governmental Organizations (INGOs) have traditionally played a crucial role in addressing global challenges, providing humanitarian aid and fostering sustainable development. By leveraging their extensive networks, local knowledge and deep-rooted trust within communities, they have delivered critical services and implemented development projects in the world’s most underserved areas. Some of the largest INGOs exemplify this reach: in 2022 alone, Oxfam impacted 15.6 million people, the Red Cross and Red Crescent Movement supported 160.7 million globally and CARE International reached 170 million, illustrating the scale at which they mobilize resources and deliver transformative outcomes. Their mandates and effective use of resources have allowed them to achieve investor additionality — generating outcomes that would not have occurred without their intervention. They have pursued this additional impact through both financial additionality, such as providing grants or running programs with a catalytic mindset, and non-financial additionality, including offering technical assistance.
We seek to explore the motivations behind INGOs' interest in impact investing, showcasing different pathways available to do so, and shedding light on key challenges they might encounter, as well as opportunities to amplify their impact. The insights presented in this report are primarily based on in-depth interviews, conducted by Impact Europe, with ten INGOs, nine of which have their headquarters in Europe; additional desk research complemented these interviews.
As readers engage with this report, it is important to consider three contextual factors: 1) The sample size may not adequately capture the wide range of viewpoints of all INGOs involved in impact investing, even though it serves as a representative sample of those operating in Europe; 2) The available literature on INGOs engaging in impact investing is currently limited, which may restrict the depth of our analysis; 3) The core constituency of INGOs we consulted understands additionality in a way that aligns closely with our definition11 and considers themselves as pursuers of additionality through their activities, both in financial and non-financial ways. While we acknowledge that this concept may be relatively unfamiliar to some INGOs that are newly exploring the impact investing space, we will consistently employ this definition throughout the paper to maintain clarity and coherence in our analysis.