This describes the new Impact Economy Innovation Fund (IEIF), which is a grant fund that will be managed by the GIIN in close collaboration with the Tony Elumelu Foundation and The Rockefeller Foundation.

 

"The Rockefeller Foundation and the Tony Elumelu Foundation, founded by Nigerian philanthropist Tony Elumelu, have launched an impact investment [grant] fund for Africa.

The [grant] fund, called the Impact Economy Innovation Fund (IEIF) was officially launched at an Impact Investment Forum in Cape Town, South Africa."