Deal Source Africa, a program aimed at connecting African businesses with investors and transaction advisors, has been officially launched at the West Africa Deal Summit in Accra. The program seeks to address the $331 billion funding gap for African SMEs, particularly those with high growth potential, by providing tailored solutions to meet their specific business needs. Interested businesses and funds can register on the platform at https://DealSourceAfrica.co/. The program was developed with funding from the Research and Innovation Systems for Africa (RISA) Fund of UKAid and underwent a successful pilot phase in 2022.
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Amma Lartey, CEO of Impact Investing Ghana, emphasized the importance of efficient connections between businesses, local funds and limited partners to accelerate the achievement of the Sustainable Development Goals (SDGs) and deploy appropriate patient capital. She noted that innovative platforms like Deal Source Africa, which have been built and tested with user input, can play a crucial role in closing the SME financing gap.
Deal Source Africa comprises a digital platform that facilitates connections between investors and businesses. It also includes in-person and virtual Deal Rooms where businesses can meet with investors, as well as Impact Fund Showcases that bring together investors and African venture funds and other local capital providers. Experienced transaction advisors are available to offer professional support to businesses throughout their fundraising journey and Deal Officers on the platform assist in connecting businesses with investors.