NEW YORK, APRIL 14, 2025 – Today, ECANY Capital released the first of a series of white papers under its ECANY Capital Markets Alliance Initiative titled, “Harnessing Private Capital to Support Africa’s Ocean Sector: Lessons from Seychelles’ Sovereign Blue Bond.”

In 2018, the Republic of Seychelles pioneered the world’s first sovereign blue bond, an innovative financial instrument, to support its sustainable marine and fisheries projects by raising $15 million from three international investors— Calvert Impact Capital, Nuveen, and Prudential Financial.

With a growing middle class, abundant natural resources, underexploited frontier markets, enormous demographic advantages, and its ongoing digital transformation, Africa holds enormous potential as a future economic and geopolitical powerhouse.

As the continent transitions from the margins to the mainstream of global commerce, maximizing its share of global capital flows requires prioritizing the development of capital markets, as well as the growth of equity markets for long-term financing. Striking a balance between traditional and emerging financing paradigms has never been more important.

Seychelles offers ample lessons for other African countries with vast ocean resources on leveraging innovative mechanisms to unlock capital and unleash the blue economy to capture value from natural resources for sustainable economic growth.

Download white paper here.

About ECANY Capital
Headquartered in New York, ECANY Capital is a pan-African private investment firm connecting capital, financing needs, and expertise via multiple investment vehicles. With unparalleled access to well-established networks of experienced managers and operating advisors, we strategically deploy capital to drive growth and diversification. 

 

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