This white paper, “Scaling Catalytic Capital for Sustainable Economic Prosperity,” provides a comprehensive analysis of the role and potential of catalytic capital in Africa’s economic development. Catalytic capital, a subset of impact investing, is crucial in filling the gaps left by mainstream financing, particularly for small and medium-sized enterprises (SMEs) and high-impact projects. This document explores the historical and conceptual framework of catalytic capital, highlights notable trends in its deployment across Africa, and presents key recommendations for stakeholders to enhance its effectiveness.