Pact Ventures invested subordinate debt in a fintech company expanding financial inclusion through alternative credit algorithms for informal borrowers. Through this investment, Pact aims to expand services for communities with which it works by exploring broader partnerships to increase access to formal financial inclusion.
Regional Approaches for Sustainable Conflict Management and Integration (RASMI)
The shared border areas of Ethiopia, Somalia and Kenya, also known as the Mandera Triangle, have experienced armed conflict, violent crime, extremist attacks, political instability and state failure for years. The Regional Approaches for Sustainable Conflict Management and Integration (RASMI) project adopts a conflict systems-based approach to promote peace-building, conflict management and conflict resolution capacity at the community and cross-border levels. It is part of the EU's programme for Collaboration in the Cross-Border areas of the Horn of Africa. RASMI, which means “reliable” in Somali, targets stakeholders in the Mandera Triangle who are most vulnerable to engaging in conflict, irregular migration and recruitment into militias and terror groups. RASMI engages local government agencies, women, religious leaders, security forces and the private sector – those who have the greatest capacity for managing conflicts and promoting peace.
Pact Ventures invested Series A equity in a company that designs and manufactures off-grid solar appliances and income-generating solutions for base of the pyramid customers. Its affordable, modular solar home systems, lifestyle and productive-use appliances improve health, environmental, and livelihood outcomes. Through this investment, Pact is leveraging its on-the-ground presence to provide communities with access to affordable, reliable energy.
Selam Ekisil (SEEK)
The Selam Ekisil, or SEEK, project adopts a conflict systems based approach to address the multiple causes of conflict in cross border areas and to promote peace building, conflict management and conflict resolution capacity at the community and cross border levels. It is part of the EU’s programme for Collaboration in the Cross Border areas of the Horn of Africa, working to prevent and mitigate the impact of local conflict and to promote economic development and greater resilience in four different cross border regions. The three-year project addresses drivers of conflict, insecurity and instability, while strengthening the systems and institutions that peacefully manage and resolve conflict on the border of Southwest Ethiopia and Northwest Kenya.