Dolma Impact Fund marks 2nd annivDolma Impact Fund marked its 2nd anniversary of operation in Nepal amid a programme here on Wednesday.
Dolma Impact Fund marked its 2nd anniversary of operation in Nepal amid a programme here on Wednesday.
A reception was hosted at the British Embassy by Richard Morris, British Ambassador to Nepal; Gail Marzetti, Head of Office, DFID Nepal; and Professor Tim Gocher, CEO, Dolma Impact Fund to celebrate the progress made by Nepal in inviting foreign investment, while also marking Dolma Impact Fund’s 2nd anniversary.
The Fund, which is the first international private equity fund for Nepal, was established with technical support from DFID Nepal and has obtained funding commitments of $26 million.
DFID Nepal’s support to Dolma is part of the former’s commitment and ongoing work, to support the reform of the industrial sector, boost manufacturing and foreign investment and improve linkages and access to loans and equity financing for SMEs and rural poor communities.
These initiatives are being carried out through the work of two DFID Nepal programmes in particular-access to finance and accelerating investment and infrastructure in Nepal.
“Dolma’s second anniversary marks an important milestone in equity investments in Nepal. I am confident that this market will grow further to see venture capitalists, private equity firms, incubators and accelerators entering the market and introducing innovative investment models,” said Marzetti.
“Domestic and foreign capital are equally important to energize the Nepali
economy and create jobs, both of which will require a smooth enabling environment to prosper.”