Palladium; an Australia-based global consulting firm rolls out $40M Palladium Impact fund to bridge the financing gap for SMEs in sub-Saharan Africa.
The fund will invest in small business owners which can contribute to agribusiness value chains and off-grid clean energy in Nigeria, Kenya and Ghana.
Palladium is an Australia-based impact firm which trying to solve the world’s most pressing challenges over 50 years.
The funding range will be between $250 000 and $2-million with a term of around 6 years, and it will be through a combination of debt and quasi-equity.
Additionally, the fund focus on the benefit to women through economic empowerment and opportunities.
Palladium has already invested in 2 companies directly, including “Naasakle” a mother and daughter-owned shea nut harvesting and processing business in Ghana, and “PEG Africa”, an off-grid solar energy project. They also have a further 10 investments candidate under due diligence so far.