Nigeria: Sahara Foundation Launches Impact Fund

Sahara Foundation has launched the Sahara Impact Fund (SIF) and the Governance Unusual Programme aimed at promoting the sustainable development goals (SDGs).

The foundation said in a statement that the SIF and the Governance Unusual Programme will reinforce ongoing conversations on boosting entrepreneurial capacity.

‘Sahara Group is delighted to promote a robust movement for self-governance – one that challenges everyone to be the measure for doing the right thing against all odds’, Director, Governance and Sustainability, Sahara Group, Pearl Uzokwe, said.

He noted that the foundation would drive the programme using the Sahara entrepreneurship model with an underlying ethos of creating an enabling environment for entrepreneurs.

Development Diaries understands that the fund’s capacity is set at over $100,000 with opportunity for incremental access by beneficiaries based on impact, reach, and sustainability.

‘The programme is a strategic partnership involving Sahara Foundation, Ford Foundation, LEAP Africa and Impact Investors Foundation leveraging on strengths of the various partners’, he added.

Country Director of Ford Foundation, Innocent Chukwuma, said the innovative programme came at a moment when the world needed a critical vehicle to support young people to creatively connect good ideas with good leadership examples.

‘I hope that the programme will inspire the beneficiaries to take individual responsibility towards promoting sustainable development in their various areas of interest’, he said.

Reacting to the partnership, founder of LEAP Africa, Ndidi Nwuneli, said that his organisation was delighted to serve as a technical partner.

‘We strongly believe that this partnership will not only promote the achievement of the SDGs but also propel greater innovation across Africa’, he said.

Source: Sahara Foundation

Photo source: Rod Waddington

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