8 Miles

8 Miles

Country

Multi-country

Sector

Cross-sectors

Investment

$30 million

Website

www.8miles.com

Founded by Bob Geldof, the 8 Miles Fund is private equity firm focused exclusively on investing in Africa. Vital’s investment in 8 Miles complements parallel investments by the IFC (International Finance Corporation), the CDC (Commonwealth Development Corporation) and the AfDB (African Development Bank). 8 Miles invests in consumer-driven businesses and service providers with strong growth prospects across a variety of sectors focusing particularly on food manufacturing and consumer goods, agri-business, industrial manufacturing and financial services. Our investment in 8 Miles is aimed at encouraging economic development in general and in the private sector in particular. In addition to stimulating job creation and providing essential value-enhancing advice to companies, the Fund contributes to regional integration by helping companies expand within Africa. The Fund also places emphasis on improving companies’ sustainable development by ensuring the implementation of best practice corporate governance as well as robust environmental and social standards.

Impact Diamond

SDG Conribution

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