About Us

Catalysing an Impact Economy

The Zambia National Advisory Board for Impact Investment (NABII) is a non-profit organisation established in 2019 to accelerate the growth and effectiveness of impact investment Zambia. We are working to mobilize stakeholders and resources to support the creation of a private sector driven “impact economy” which necessitates the integration of measurement of social and environmental impact in all economic activity including government policy, business operations, investor behavior, and consumer consumption. We are a member of the Global Steering Group for Impact Investment (GSG) which was set up to promote and facilitate investment and entrepreneurship with positive environmental and societal impacts across a range of sectors, and build a global network for impact investing.

Impact Investment Ecosystem

Impact Investment Ecosystem Pillars
Supply of
Impact Capital
Demand for
Impact Capital
Intermediation of
Impact Capital
Policy and Regulation
Market Enablers

"To the entrepreneur, seeking capital, an investor and a better operating environment, a government is here that understands your challenges and knows exactly what you need in order to thrive."
His Excellency Mr. Hakainde Hichilema
President of the Republic of Zambia

Strategic Objectives

increase and diversify the supply of impact investment capital

develop a growing pipeline of impact investment ready enterprises

develop a robust and diversified market of capable enablers to facilitate impact investing

develop a robust and diversified market of capable intermediaries to increase financial instruments in the market
improve policy environment for impact investment


Impact investment potential as of 2019


Impact capital transaction value since 2015


Annual capital gross rate

What is Impact Investing?

Impact investments are investments made into companies, organizations, and funds with the intention to generate positive, measurable social and environmental impact alongside a financial return. Impact investments can be made directly in companies or nonprofits, or indirectly in funds managed by professional fund managers that have embraced social or environmental impact. They can come in the form of debt, equity, real assets or financial guarantees. Impact is not an asset class itself, but a theme that can be applied across asset classes, geographies, and sectors. Impact investments may target financial returns that are below market, consistent with market, or above market, depending upon the strategy and motivations of the investor. Impact investment markets deploy capital to address pressing challenges in sectors such as sustainable agriculture, renewable energy, conservation, microfinance, and affordable and accessible basic services including housing, healthcare, and education.

Why Impact Investing?


What Makes Impact Investing Different

Impact Investing lies in the center of the spectrum ranging from not-for-profit investing or grants to for-profit (commercial) investing. Traditional investments are typically made without regard to social/environmental impact, and philanthropic contributions are generally made without consideration of financial returns. Impact investing incorporates both financial returns and social/environmental impact.

Why is Impact Investment Important in Zambia?

Impact investing challenges the long-held views that social and environmental issues should be addressed only by philanthropic donations, and that market investments should focus exclusively on achieving financial returns. The impact investing market offers diverse and viable opportunities for investors to advance social and environmental solutions through investments that also produce financial returns and is well aligned to the Sustainable Development Goals (SDGs).

Impact investment has the potential to play an increased and significant role in the delivery of Zambia’s development priorities such as driving inclusive economic growth and creation of decent jobs for the low-income and underserved population.


Benefits to Zambia

Enhancing public understanding and recognition of impact investment at policy level
Improving information among ecosystem players especially businesses on their appropriate capital type and suitable investor types
Accelerating the establishment of angel investor networks and pensions fund participation in impact investment
Improving the institutional capacities of local fund managers and entrepreneurship support organizations
Strengthening the pipeline of impact investment projects
Promoting a more conducive regulatory environment that incentivizes impact investments. This include but not limited to developing regulatory frameworks for crowdfunding platforms and private equity

Join our mailing list for updates
on the impact movement