Investing in education hinges on smart measuring of impact

Honoris United Universities — a network of private higher education institutions seeking to raise skill levels across Africa — could have been a standard for-profit investment. But Actis, a UK-based emerging markets investor, backed it with the aim of ensuring a special focus on social impact. “Honoris is the first private education platform that is pan-African,” says Shami Nissan, head of responsible investment at Actis, which in 2004 was spun out of the UK government’s development finance arm, the CDC Group. “It provides high quality affordable education to young Africans…

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