About IFFAC
Built by an African, for Africa's creatives.
IFFAC is a US$150M patient-capital platform that backs visionary African entrepreneurs in fashion, film, music, design, craft, and more.
Mission
To structure, facilitate, and enable Africa's creative sector to access capital, resources, and international markets with profitability and integrity.
Vision
To empower the creative sector of Africa by enabling and facilitating its creatives to resonate at a global level — building sustainable enterprises that compete and win on the world's most important stages.
Our Objectives
Identify top talent in African creative industries and improve their success rates
Provide dedicated support for women entrepreneurs across the continent
Directly contribute to UN Sustainable Development Goals 8, 9, 10, and 17
Create high-quality jobs for Africa's youth through the creative sector
Improve global positioning and integration of African creative industries
Highlight and export Africa's rich and diverse culture and artistry
Provide investors with risk-adjusted commercial returns
Our Story
2011
African Fashion Foundation (AFF) founded by Roberta Annan
2018
IFFAC announced at the Paris Peace Forum
2021
Fund formally launched during Paris Fashion Week
2023
Fashion Sub-Fund and Film Sub-Fund activated
2024
Target raise restructured upward to US$150M
2026
Cohort 2026 open call launched — applications now live
Leadership
The people deploying the capital.
Visionary & Investor
Roberta Annan
Founder & Managing Partner
Globally-renowned investment expert, businesswoman and philanthropist. UNEP Goodwill Ambassador for the Creative Economy and founder of The African Fashion Foundation. Board member of multiple institutions including The Frallain Group and Industrie Africa. Advisory board member of Condé Nast College of Fashion & Design. Holds a Master's in Biotechnology from Georgetown University and completed leadership training at Harvard Business School.
Strategy & Corporate Finance
Derrick de Necker
Investment Committee
Former CEO with over 25 years of expertise in global investments, structuring, strategy, and commercialization. Joint-Managing Partner at NinetyEast Capital Partners and a major listed Private Equity Investment Vehicle on the Mauritius Stock Exchange. COO of Fleming Financial Trust Ltd and board member of Fleming Group entities listed on the Frankfurt Stock Exchange.
VC & Industry Maven
Mayowa Ayodele
Investment Committee
Finance and investment specialist with focus on financial advisory, private equity and venture capital across manufacturing, retail, logistics, fintech, and agribusiness. Worked with the International Finance Corporation and Deloitte. Former Director at Standard Chartered Private Equity Africa managing a $200M portfolio. Co-founder of Arkana Partners. Fellow of the Institute of Chartered Accountants of Nigeria.
Programs & Ecosystem
Elisabeth Morzadec
Head of Programs
Leads the African Fashion Futures Incubator and ecosystem-enabling events. Holds a Master's degree in African Development from the School of Oriental and African Studies in London. Of French and Ghanaian heritage with extensive West Africa cultural and creative industries experience.
Governance
Built to institutional standard.
IFFAC is domiciled in Luxembourg as an Alternative Investment Fund (AIF), with Annan Capital Partners serving as investment advisor. Our ESG framework aligns with UN SDGs 8, 9, 10, and 17, meeting EU regulatory requirements.