IFFAC’s capital vehicle aims to harness undeveloped African talent

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Roberta Annan, a decent Ghanaian entrepreneur, launched the African Creative Impact Fund (IFFAC) at Paris Fashion Week. This is a long-term capital tool that seeks to harness the untapped talent and commercial power of Africa’s creative industries. African brands such as Kenneth Ize, ETHOS Members Club and GM & Ahrens make up the investment portfolio.

The fund supports African professionals with the skills, networks and capital needed to reach an audience around the world. In a press release, boutique investment advisory firm Annan Capital Partners (ACP) awards qualified companies with grants and early-stage investments, while providing structured forms of technical and vocational skills training and mentorship and mentorship. He said it would provide a networking platform. ..

IFFAC will award a grant of € 10,000-50,000 to selected projects. Entrepreneurs who successfully complete certain skill-building exercises are eligible to receive € 250,000-2 million as venture capital for an approved business plan. Key considerations in selection criteria include proof-of-concept, compatibility with IFDAC priority areas, regional and global scalability, and growth thinking with a focus on value creation.

Roberta Annan, a decent Ghanaian entrepreneur, launched the African Creative Impact Fund (IFFAC) at Paris Fashion Week. This is a long-term capital tool that seeks to harness the untapped talent and commercial power of Africa’s creative industries. African brands such as Kenneth Ize, ETHOS Members Club and GM & Ahrens make up the investment

“This is a week in Africa making history,” Annan said. “Nigeria designer Kenneth Ize, who was an early beneficiary of our support, was the first African to open Paris Fashion Week. And today, near the end of the event, we are a luxury brand on the continent. With the ambition to contribute to the sustainable economic development of Africa by integrating and doing so, we will launch IFDAC. “

The idea for IFFAC came from the African Fashion Foundation, founded in 2011 by Annan to empower emerging designers on the African continent.

“When we were just starting out, the support we received from Roberta and the African Fashion Foundation was essential,” he said. Kenneth Ize at the show that held Paris Fashion Week.. “That support allowed me to extend my work to an audience around the world.”

Based in Accra, Ghana, Roberta Annan is the founder and managing partner of the African Fashion Foundation.

Fiber2Fashion News Desk (KD)

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IFFAC’s capital vehicle aims to harness undeveloped African talent

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The post IFFAC’s capital vehicle aims to harness undeveloped African talent appeared first on Eminetra.

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