Governance Framework for Early-Stage Fund Managers and Investment Companies

This guidance forms part of FSD Africa’s Venture Finance Platform, an initiative addressing the long-term challenges of developing financial market systems to meet the needs of small and growing businesses central to Africa’s sustainable economic development. Early-stage alternative local capital providers play a vital role in delivering alternative financing solutions to small and growing businesses across Africa. Yet many face significant operational and fundraising constraints in their early years, thereby limiting the flow of capital to these businesses.