Businesses registered with ICA are leading local innovation to address critical issues and local development challenges. We help SMEs access the funding they need to grow their business. Through a process of screening, investment-readiness preparation, registration on Impact Starter, and match-making with investors, we aim to get you the right funding partners.

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Impact Capital Africa is not currently involved in any applications for grants. We DO NOT ask for payment to access grant opportunities. Please do not give your personal, business, or financial details to anyone claiming to be with ICA. Our logo is being used on fraudulent grant applications and communication. Please contact info@impactcapafrica.com for more information or if you have received communication you believe to be fraudulent. 

Opening new routes to finance for growth-stage businesses in Zambia

As an existing business poised for growth and looking to deliver real impact in Zambia, are you:

  • eager to find affordable, appropriate long-term finance of $250,000 – $10+ million?
  • looking for a finance partner who can really help you push your business forward?
  • exploring new sources of finance but don’t know how to go about it or who to talk to?
  • needing help to understand how to prepare for investment?

If this is you, Impact Capital Africa can help.
We’ve got it covered.

Finding routes to finance is hard for many Zambian businesses. If you run an established company, poised for growth, with the potential to deliver profits as well as social or environmental benefits, impact investors may be eager to help you succeed.

How does Impact Capital Africa work for Zambian businesses seeking finance?

Ready to raise finance with ICA?

Check to see if you meet our eligibility criteria and complete the Referral form

Refer a business seeking finance

Eligibility criteria:

Are you:

  • Zambian registered company
  • Operating business in growth phase of operation
  • Post revenue
  • Able to deliver measurable social and/or environmental impact as well as business growth and financial returns

If you are ready to take the first step, fill in the ICA referral form.

Not ready to raise finance this year but want to know more?

Deciding to raise finance is a big step and, as with so many decisions, timing is critical. If it is too early for you to take the plunge but you would like get yourself ready for that next step, attending the Impact Capital Africa conference offers the opportunity to learn and network. Over two intensive days you will be able to:

  • Network extensively with investors looking for new opportunities
  • Attend the pitches of Zambian businesses already on the path to achieving investments
  • Meet many advisors and service providers
  • Participate in roundtable discussions and workshops led by experts, covering dozens of hot topics

What is impact investment?

Over the past decade, a new breed of investor has emerged: the impact investor.

Impact investors are looking for a financial return on their investment but they also want their money to have wider benefits for society and the environment. Currently, you may not think of your business as an “impact enterprise” but if, for example, you offer market opportunities to smallholder farmers, bring financial services or clean energy solutions to off-grid communities or offer a business-based solution to health or education issues, you probably fit the bill. An impact investor may be interested in your business.

A few impact investors are locally based in Zambia or the region but even more are from further afield. We have extensive networks within the impact investment community worldwide and we use these networks to introduce investors to great investment opportunities in Zambia through Impact Capital Africa.

  • DEALS CLOSED 2018 TO 2020

    >$ 80m

    DEALS CLOSED 2018 TO 2020

  • JOBS CREATED 2018 TO 2020


    JOBS CREATED 2018 TO 2020

  • Deals closed


    Deals closed




“It is truly an investor-SME platform that can lead to $$ deals. Thank you.”

- SME raising finance

Due to COVID-19 our next event is TBC. We will notify registered businesses and those signed up for our newsletter to confirm event details. 

We are actively building our pipeline of 2020 Zambian businesses. Register with ICA to access our pipeline through Impact Starter.

See the reports from our 2018 and 2019 conferences on our Events page.

Read about our past events

What makes Impact Capital Africa different?

ICA aims to increase SME visibility and change perceptions of the Zambian investment space. We have a successful track record because we work closely with selected SMEs to hand-pick the most exciting impact investment opportunities and make sure that they are investment-ready by partnering them with the best technical assistance and investment advisors.

SMEs benefit by having closely collaborative partners that are looking beyond just making deals – we want to make the best, most sustainable deals, founded on strong partnerships that benefit SMEs, investors, and the Zambian ecosystem.

We believe in the power of technology to make things work efficiently. But we also believe in doing things personally which makes Impact Starter very different from other online investment platforms.

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