Grants and Contributions:

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Title:

2X Ignite Africa Warehousing Facility

Agreement Number:

7475336 P014968001

Agreement Value:

$13,000,000.00

Agreement Date:

Mar 16, 2026 - Dec 31, 2032

Description:

The 2X Ignite Africa Warehousing Facility aims to strengthen economic stability and resilience across African markets by expanding women’s access to capital and strengthening women’s leadership in investment. The project supports women-led investment funds to finance small and medium-sized enterprises (SMEs), helping unlock growth, create jobs, and build more inclusive local economies. By backing female fund managers and improving the quality of investment decision-making, the project contributes to women’s economic empowerment and more resilient African markets. Key project activities include: • Deploying concessional loans to female fund managers to increase the availability of capital for women-led and women-benefiting businesses. • Warehousing SME deals to help build investment pipelines and prepare high-potential SMEs for future financing. • Providing coaching and hands-on support to investment funds on impact measurement and management (IMM), including good practices related to gender equality and climate considerations, delivered by the investment team. Through these activities, the project helps crowd in private investment, strengthen fund management capacity, and expand sustainable financing for SMEs across Africa.

Organization:

Global Affairs Canada

Expected Results:

The expected outcomes for this project include: (1) Increased capacity of women-owned, -led, and -benefiting SMEs to fundraise, and scale, creating quality jobs; direct and indirectly across impactful sectors, with a focus on women’s employment. (2) Increased capacity of Female Fund Managers and SMEs to implement robust impact management and measurement (IMM) systems and capabilities to steer measurable impact towards the SDGs, particularly reducing gender inequality and promoting climate action.

Location:

Luxembourg, LU

Reference Number:

064-2025-2026-Q4-0216

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Type:

Other

Recipient's Legal Name:

2X Ignite Africa Warehousing Facility Scsp

Program:

International Development Assistance program

Program Purpose:

The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.