The course was developed through a three-year collaborative project involving the CLEAR Centre for Anglophone Africa at the University of the Witwatersrand, GreaterCapital, the Ghana Institute of Management and Public Administration, the Venture Capital Trust Fund, the Institute for Policy Alternatives, and E.T. Jackson and Associates.

Funding for the project was provided by the Evaluation Office of The Rockefeller Foundation, the International Development Research Centre, and the CLEAR Centre.

The modules on which the course is based were tested in workshops in Johannesburg and Accra. Instructors and facilitators in these workshops included H.E. Dr. Sulley Gariba (Chair of both workshops), Dr. Edward Jackson, Mr. Karim Harji, Dr. Laila Smith, Ms. Hamdiya Ismaila, Mr. Godfred Amewu, Dr. Charles Amoatey, Mr. Neissan Besharati, Ms. Refilwe Mokoena and Dr. Martha Melesse.

We are grateful to the many individuals who made important contributions to the development of this course, including: Godfred Amewu, Charles Amoatey, Neissan Besharati, Jennifer De Bien, Arjaan De Haan, Dylan Edwards, Khwezi Fudu, Sulley Gariba, Fauziah Ibrahim, Hamdiya Ismaila, Nancy MacPherson, Martha Melesse, Thandeka Mhlantla, Refilwe Mokoena, Rob Moore, Veronica Olazabal, Stephen Porter, Thobeka Poswa, Laila Smith, Sue Szabo, Khotso Tsotsotso, and Sonja Vanek.

About the Partners

The Rockefeller Foundation – For more than 100 years, The Rockefeller Foundation’s mission has been to promote the well-being of humanity throughout the world. Today, The Rockefeller Foundation pursues this mission through dual goals: advancing inclusive economies that expand opportunities for more broadly shared prosperity, and building resilience by helping people, communities, and institutions prepare for, withstand and emerge stronger from acute shocks and chronic stresses.

E.T. Jackson and Associates – E.T. Jackson and Associates Ltd. is an international management consulting firm providing professional services in strategic planning, organizational learning and performance assessment to grant-makers and investors in the public interest. With a track record of award-winning work in Africa and Asia, the firm specializes in impact investing, microfinance, social enterprise, civil-society organizations, gender equality, local governance, and basic and higher education.

International Development Research Centre – IDRC was established by an act of Canada’s parliament in 1970 to help developing countries find solutions to their challenges. A leader among the world’s top funders of development research, the Centre wields considerable influence in this field. The world’s most prominent government and private donor agencies consistently seek out IDRC for collaboration. These donor partnerships account for a significant and increasing share of the Centre’s programming.

Institute for Policy Alternatives – Based in Tamale in northern Ghana, IPA is a leader in citizen-oriented research and evaluation. The Institute has facilitated citizen accountability tools, including community score-cards and citizen report cards, in such areas as local governance, potable water, sanitation, health care, social insurance, and disability issues. In recent years, the Institute has supported the development of courses on evaluating impact investing and on learning and evaluation in collective action movements.

CLEAR Centre for Anglophone Africa – Housed at the School of Governance within the University of the Witwatersrand in South Africa, the CLEAR Centre for Anglophone Africa works to develop and promote the use of evaluation in evidence-based policy making to accelerate equitable development. Drawing on global and regional best practices, the Centre strengthens the supply and demand for evaluation simultaneously and generates knowledge that contributes to a community of scholars and practitioners.

Venture Capital Trust Fund – The Venture Capital Trust Fund mobilizes private and public capital through a series of venture capital financing companies that provide low-cost financing for small and medium-sized businesses across Ghana. A leader in innovative finance in West Africa, the Trust Fund has commissioned research on the potential of impact investing in Ghana and co-founded the GIMPA Centre for Impact Investing. It also runs the West African Angel Investor Network.

GIMPA Centre for Impact Investing – Based at the Business School of the Ghana Institute of Management and Public Administration, the GIMPA Centre for Impact Investing provides advocacy, research and support services in the area of impact investing in Ghana and the West African region, with a special interest in impact measurement. The Centre has received support from the Venture Capital Trust Fund, the Tony Elumelu Foundation and the Rockefeller Foundation, and cooperates with the Global Impact Investing Network.

GreaterCapital – GreaterCapital is a Cape Town-based social enterprise that provides strategic consulting services on social and economic development to international agencies, companies and their corporate social investment divisions, civil society organisations, asset managers, the public sector and social businesses. Focused on pragmatic solutions for sustainable development, GreaterCapital works closely with the GreaterGood South Africa Trust and is affiliated with the African Management Services Company.

About the Authors

Edward T. Jackson is President of E.T. Jackson and Associates, Senior Research Fellow at Carleton University and Honorary Associate of the Institute of Development Studies. A former Associate Dean of Public Affairs at Carleton University, he has advised Denmark’s Ministry of Foreign Affairs, Global Affairs Canada, the International Development Research Centre, MasterCard Foundation, the Rockefeller Foundation, the Swiss Agency for Development and Cooperation, and the World Bank, and has lectured and published extensively on innovative finance and its evaluation. With long experience in Africa, he has earned recognition for his leadership in community development, community-university engagement, development management, governance, graduate teaching and social finance.

Karim Harji is Director of Research with E.T. Jackson and Associates, and Co-Founder and Director of Purpose Capital. An advisor to the Rockefeller and MasterCard Foundations, he served on the Impact Measurement Working Group of the G8 Social Impact Investment Task Force, and is the co-founder of the new Topical Interest Group of the American Evaluation Association focused on social impact measurement for innovative finance and market solutions. Mr. Harji co-authored the strategic assessment of the Rockefeller Foundation’s Impact Investing Initiative, and the global landscape review, Accelerating Impact. He is a DPhil candidate at Kellogg College, University of Oxford, where his research focuses on the development and use of impact measurement frameworks for impact investing.