First African Appointed to the GIIN Board
The GIIN board has appointed investor Sam Nwanze as its first African member. Nwanze, who is the Chief Investment Officer at Heirs Holdings, expressed delight, saying, “It is an honour to be the first African to be elected to the GIIN board.” GIIN CEO and board member Luther Ragin, Jr. said, “We are very pleased to welcome Sam to the GIIN board. The impact investing market across Africa has attracted interest from many investors globally, and Sam’s expert investor perspective on this market is integral for our work going forward.”
GIIN Releases IRIS User Guide
The GIIN released Getting Started with IRIS, a guide to help impact investors select and apply social, environmental, and financial performance metrics from the IRIS catalog. IRIS contains more than 400 generally-accepted performance metrics, including metrics commonly used in impact sectors such as agriculture, energy, health, and financial services.
GIIN Publishes Research on Catalytic First Loss Capital
The GIIN released an issue brief that details the motivations, benefits, considerations and suitable scenarios behind the use of catalytic first-loss capital in impact investing transactions. Catalytic first-loss capital refers to socially- and environmentally-driven credit enhancement provided by an investor or grant-maker who agrees to bear first losses in an investment in order to catalyze the participation of co-investors that otherwise would not have entered the deal.
The GIIN is Hiring
The GIIN is currently hiring for three open positions. Applications are reviewed on a rolling basis, so early applications are encouraged. Please click the links below to view the full job descriptions:
- Manager, ImpactBase
- Manager, Investors’ Council/Membership
- Senior Associate, Research