Restaurant Creates Bond To Fund Malaria Prevention, Treatment In Mozambique
“Nando’s, the restaurant chain popular for its peri-peri chicken, recently announced a partnership creating the Mozambique Malaria Performance Bond, a development impact bond to fund malaria reduction efforts in Mozambique,” Devex Impact reports. “D. Capital, Dalberg’s impact investing arm, helped Nando’s create the model for the first social impact bond for malaria in Mozambique, and other partners include South African mining giant Anglo-American and Coca-Cola,” the news service writes. Devex Impact features an interview with “Sherwin Charles, a director at Nando’s who now is working full time on the company’s malaria campaign, including the bond, and David Stern, a global strategist for Nando’s who is also playing a key role in the company’s malaria work” (Saldinger, 10/31).