Africa needs more Impact Entrepreneurship to solve its many social problems. Conventional capitalism has failed to stop the spread of poverty on the continent. It needs a new type of entrepreneurship- one that has heart.
What is impact entrepreneurship?
Impact entrepreneurship refers to the organisation of factors of economic production- ideas, effort, networks, labour, capital, land, machinery- towards solving a social and/or environmental problem for a neglected population of people, animals or nature in a manner that generates measurable financial returns, social and/or environmental impact.
Examples of impact entrepreneurs include:
- Diwala: A blockchain platform that helps refugees validate the skills they have towards waged employment
- SheKab: A carpooling platform that enables women take safe rides especially in regions where rapes and abductions are high
- RxAll: An AI platform that enables patients in countries with high instances of fake medicines determine the quality of their medicines in order to avoid death
5 key features common across these examples and which is important in assessing if a venture is impact entrepreneurship include- Continue reading “Why Africa needs more Impact Entrepreneurship”
The food crisis in the Chad basin of Africa can be solved by concerted international donor effort and by establishing security in the wider Sahel region. Watch as Adebayo Alonge proffers solutions to this international crisis alongside Emira Woods of the Institute of Policy Studies on CGTN’s (CCTV Africa) Show- The Heat
Share your thoughts on solutions to this crisis in the comments section of this post.
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Africa is not poor but it suffers from poverty. And this poverty is due to unbridled capitalism
Image credit: gps-connects.com
“Africans are fools. They allow themselves to be cheated by their leaders and by the rest of the world”
Without further context, this statement may be passed off as the seething outburst of a frustrated foreigner who cannot seem to understand why a continent so rich in natural resources and people does not seem to be able to lift its millions out of poverty. Yet this statement is the expressed frustration of many Africans and is representative of the deep anger that many feel about the current state of affairs on the continent and the complicity of the ruling elite in impoverishing their own communities.
Continue reading “What They Don’t Tell You About Africa”
You are your perception. Be in control of the impression you create. Brand you!
Perception is you.
The Solutions Ideator
(picture credit dharmaflower.org)
What comes to your mind when you hear these names- Mohammed Yunus, Bill Gates, Tony Elumelu? Did the following words come up in your mind- microfinance, health philanthropy and “Africapitalism”? This is the power of a brand- a consistently uniform perception you conjure when your name is mentioned.
Now ask yourself, when your name is mentioned what do people immediately associate with you? This is your brand and is how you are perceived by others.
Continue reading “Branding You for Social Entrepreneurs”
Youths are Africa’s future. what would you want current global leaders to invest in so that Africa’s youth can achieve their potential.
Africa’s youth makes up over 60% of its population
(image source : http://mastercardfdn.org/wp-content/uploads/ARX2-1024×682.png)
Finding opportunities for young people is a critical challenge for Africa, where 62 percent of the population—more than 600 million young people—is below the age of 25. With no signs that population growth will slow in the decades to come, it is imperative that Africa leverage the talent and energy of its youth to create dramatically higher levels of prosperity and equality and avoid the latent risks of unemployment and social instability. – See more at: http://voices.mckinseyonsociety.com/empowering-youth-in-africa/#sthash.NOmGZuS4.dpuf Continue reading “Investing In Africa’s Future”
The World Bank estimates that, on current trends, sub-Saharan Africa will meet the MDGs in 2147
Africa is the only region in the world where poverty and hunger are on the increase. The number of undernourished Africans increased by one million a year from 2000 to 2002, though the proportion of people undernourished reduced from 36% to 33% over the previous ten years.
Continue reading “What Way Forward For Africa’s Agriculture?”
We need to question how we reward value as a society. You cannot have so many billionaires and yet so much poverty and unemployment. What then have these billionaires created of value that serves to justify their wealth?
Dr. Makanjuola, Resident Surgeon LUTH, Lagos, Nigeria
image via mediafreedominternational.org
The IMF, World Bank, African Development Bank believe that to drive development in the third world, particularly in Africa, there is need to make the local investment climate suitable to foreign investors. They insist that governments that must benefit from their funds must put in place policies that guarantee the safety of foreign investments, ensure emphasis on improving public infrastructure so as not to erode investors’ profits and enable ‘fair’ competition for foreign investors by removing subsidy regimes that prevent foreign investors from risking capital for critical ventures. For many governments that buy into this argument, there usually is the hope that the foreign investments that result from pursuing these dictates will enable their country’s economy pick up and that the ventures that start up will generate employment for their teeming unemployed.
Continue reading “The Myth of Trickle Down Economic Policies”