Nairobi, Kenya – March 06, 2025 — The East Africa Venture Capital Association (EAVCA) and Convergence, the global network for blended finance, have entered into a strategic partnership to drive the understanding, adoption, and application of blended finance solutions across Africa.

Formalized through a memorandum of understanding (MoU), the partnership sets the foundation for collaborative efforts aimed at deepening regional expertise and mobilizing private capital to address development challenges. The agreement outlines joint initiatives including knowledge sharing, co-hosted training programs, and participation in conferences, roundtables, and workshops focused on blended finance.

“Sustainable investment in East Africa demands innovative financial instruments tailored to local market dynamics to unlock the region’s full economic potential. Blended finance plays a critical role in mobilizing private capital while ensuring the efficient use of public resources,” said Jacklyne Iminza, Chief Operating Officer at EAVCA. “Our partnership with Convergence marks a key milestone in strengthening industry capacity, raising awareness, and accelerating the adoption of blended finance to support business growth in the region.”

“EAVCA’s mandate closely aligns with Convergence’s vision for the growth of blended finance in Africa,” said Aakif Merchant, Director at Convergence. “This partnership will deepen regional blended finance knowledge, while furthering opportunities for our members and partners across the continent.”

Through this partnership, EAVCA and Convergence aim to catalyze more inclusive and sustainable investment by equipping stakeholders with the tools, insights, and collaborative opportunities needed to navigate and implement blended finance structures effectively.

About Convergence

Convergence is the global network for blended finance, committed to increasing private sector investment in emerging and developing markets. With a membership comprising private investors, development agencies, foundations, and businesses, Convergence provides access to curated knowledge, market insights, networking platforms, and design funding to develop innovative blended finance vehicles that advance the Sustainable Development Goals and the Paris Agreement.

SOURCE: https://www.eavca.org/