'It's not as simple as flying down, writing a cheque and going home': How Lightrock and Norrsken de-risked impact investing in Africa

Lightrock partners Arul Thomas (left) and Lizzie Biney-Amissah (centre), and Norrsken22 managing partner Natalie Kolbe. Credit: Norrsken/Lightrock/Impact Loop design
14 Apr 2026
18:33
Despite enormous potential for outsized impact and returns, European impact investors often shy away from the African market.

We spoke to perhaps two of the most notable exceptions, Lightrock and Norrsken22, to dig deep into their Africa investment strategies.

We cover:

→ How impact investing in Africa differs from Europe
→ What the opportunities look like
→ Where the real risks are – and where they're overstated

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