a black and red ball on a rocky surface

Impact Investing & Blended Finance enable the flow of capital into projects and businesses that generate positive social, environmental and economic outcomes alongside financial returns.

They encompass a wide range of financial tools, institutions and mechanisms used to mobilise private, public and philanthropic capital in support of sustainable development in Africa and other emerging markets. AfriLex operates within this dynamic field, providing legal and strategic advisory services across impact investment funds, blended finance structures, public-private partnerships, green and climate finance, inclusive finance and SME finance. With a pragmatic and grounded approach, AfriLex delivers tailored legal and structuring support to clients pursuing sustainable investment strategies, cross border transactions, climate initiatives and high impact projects across the Africa and Middle East.

IMPACT INVESTING & BLENDED FINANCE ADVISORS

a black and red ball on a rocky surface
a black and red ball on a rocky surface

EDGAR STAFFORD

A UK and South African qualified lawyer with over 25 years of legal experience and currently practising as an attorney in South Africa. I hold a Master’s degree in Development Finance from the Stellenbosch Business School. My work sits at the intersection of law, finance and impact investing, advising businesses, funds and investors on legal, regulatory and commercial matters across Africa and the Middle East.

Over the past fifteen years, I have supported investment into businesses across a wide range of sectors, including education, agriculture, health, transport, retail, energy and mining. My experience spans both private practice (South Africa, the UK and the Cayman Islands) and in-house roles in Mauritius, with particular expertise in impact fund structuring, blended finance instruments, onshore and offshore vehicles, cross-border transactions and regulatory compliance across key African jurisdictions.

Based in Cape Town, I provide a strategic legal and structuring gateway into Africa. Through AfriLex, I work with fund managers, DFIs, NGOs and investors seeking to deploy capital in emerging markets by delivering pragmatic, impact-aligned legal solutions grounded in first-hand transaction experience and supported by a trusted network of legal and commercial partners.

a black and red ball on a rocky surface
a black and red ball on a rocky surface

SERVICES

We advise fund managers, DFIs and investors on the design, establishment and operation of impact investment and blended finance funds, both onshore and offshore. Our services include:

  • Structuring of impact investment funds and blended finance vehicles

  • Design of tiered capital structures, guarantees and concessional funding arrangements

  • Drafting and negotiation of fund documentation, including term sheets, partnership agreements, subscription agreements, management agreements and side letters

  • Legal opinions on fund governance, investor protection and risk allocation

  • Establishment of parallel technical assistance facilities and grant funded support vehicles

INVESTMENT TRANSACTIONS & CROSS BORDER STRUCTURING

We support debt and equity investments into high impact businesses and projects across Africa and emerging markets, including:

  • Structuring and documentation of debt, equity and quasi equity investments

  • Shareholders’ agreements, security packages and intercreditor arrangements

  • Cross-border investment structures and holding company frameworks

  • Co investment, DFI participation and risk sharing arrangements

  • Legal due diligence and transaction execution

REGULATORY, GOVERNANCE & COMPLIANCE

We advise on the regulatory and governance frameworks required to operate compliant, investment-grade impact funds and portfolio companies, including:

  • Corporate and fund governance frameworks

  • Multi jurisdictional regulatory compliance and licensing

  • AML, KYC and compliance policies

  • ESG and impact related governance requirements

  • Ongoing corporate secretarial and compliance support

CARBON, CLIMATE & NATURE BASED PROJECTS

We provide legal support for climate finance, carbon and nature-based projects, including:

  • Land tenure and rights assessments

  • Project structuring and benefit sharing frameworks

  • Drafting and negotiation of ERPAs, MOUs and offtake agreements

  • Regulatory compliance for carbon and biodiversity credit projects

  • Investor and fund participation in nature based solutions

AfriLex provides specialised legal and structuring services to clients operating in the impact investing and blended finance ecosystem across Africa and the Middle East. Our work focuses on the legal, regulatory and commercial frameworks required to deploy capital effectively into high impact businesses, projects and investment vehicles in emerging markets.

IMPACT FUND DESIGN & STRUCTURING

COMMERCIAL & CONTRACTUAL SUPPORT

We provide practical commercial legal support across the full investment lifecycle, including:

  • Drafting and negotiation of commercial contracts

  • Advisory on local operating structures and risk mitigation

  • Support to portfolio companies and project sponsors

  • Ongoing transactional and strategic legal advice