2X Ignite Africa Warehousing Facility

The 2X Ignite Africa Warehousing Facility is a pioneering facility created by 2X Global and managed by Moremi Capital Management to provide warehousing capital for female-led or gender-balanced fund managers with gender-smart investing strategies across Africa. It aims to provide high-potential fund managers with the opportunity to prove their investment strategy and build a track record of deal execution, thereby improving their chances of successfully deploying their funds.

This catalytic initiative will provide concessional capital to 15-20 emerging gender-smart fund managers, who will finance over 200 gender-smart small and medium-sized enterprises (SMEs) over the lifetime of their funds and create and maintain over 4,000 jobs on the African continent, improving livelihoods especially for women, and unlocking significant impact on the continent.

Innpact supported 2X Global and Moremi Capital Management in the legal structuring of the Facility as a Luxembourg fund, advising on governance, compliance, and the GP’s organizational setup. It led engagement with DFC and KfW as anchor investors, coordinated service provider selection, and ensured regulatory alignment, including EU SFDR alignment. Moreover, Innpact co-developed the Facility’s impact thesis and Theory of Change, and drafted the ESMS, ESG, and Gender Policy in line with investor requirements.

Innpact continues to support 2X Ignite with a Manager in the Board, and RC of the GP, providing ongoing support on corporate governance, compliance, regulatory reporting, and impact management.

As an Impact Officer to the partnership, Innpact supports the Board and the Investment Advisor in integrating ESG, impact, and gender considerations throughout the Fund’s investment process, including the review of due diligence and investment proposals, and the monitoring and reporting of ESG and impact data from investees.

• Name: 2X Ignite Africa Warehousing Facility
• Inception: December 2024
• Domicile: Luxembourg
• Initiators: 2X Global, KfW, DFC
• Investment Advisor: Moremi Capital Management
• Sector: Gender-lens investing
• Geographic Focus: Africa
• Investees: Gender-smart Fund Managers
• Financial Instruments: Concessional Loans for deal warehousing
• Type: Luxembourg SCSp
• SFDR Classification: Article 8
• Info: https://www.2xignite.org/africa-warehousing