Scottish investment with impact in Africa
This is not a new story. In 1878, the African Lakes Company Limited was established in Glasgow with the mission of developing commercial trade to displace slavery in central Africa. This mission is being revived with a contemporary objective - to prove that through investing in African companies Scotland can help her African partners to grow more successful companies and reduce dependence on aid.
Our revived ALC is a Scottish company making investments in growth stage companies in Africa. We are particularly interested in medium sized companies where we can add value by deploying the experience of our investors and supporting growth. Our goal is to be an investor with impact. This is an opportunity for existing business seeking capital to grow and not an opportunity for greenfield projects or startups. We will be glad to hear from Malawian companies if you meet all these criteria:
ALC can invest equity or debt, but please be clear that we do not provide soft loans. The social and economic performance of investee companies will be measured and reported on annually to investors. ALC will draw on lessons from other “investors with impact” and focus investment in sectors of the economy which offer the prospect of sustainable growth and generate employment opportunities, with a particular emphasis on projects which include women.
Investors will be invited to join an occasional visit to meet investee companies. This will be an opportunity to share business experience with co-investors and investees, and see at first hand the impact of investment in a small African country.
Jo Elliot Non-executive, Chairman
Pauline Bradley Non-executive Director
Robert Anderson Managing Director
Scottish Investment with Impact
The African Lakes Company (ALC) has completed an initial equity investment in St Andrew Macadamia Limited, allowing this former tobacco farm in Malawi to complete its conversion to growing macademia nuts - a more socially responsible and economically viable crop. This investment has been made possible by the support of private investors and match funding from the Scottish Government.
The company has hosted an innovative womens enterprise village on the farm, b https://acfmalawi.wordpress.com
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