At the beginning of the month, our Africa Business Development team spent two days at the Sankalp Africa forum at the Kenya School of Monetary Studies. We were fortunate to network with inspiring organisations, attend thought-provoking sessions and understand more about the social enterprise landscape on the African continent.
“Change in Africa will come from Africa itself”
A particular emphasis was placed on women; how women have the power to unlock the entire population, but that female founders only receive 2% of African capital, which is 1% globally. This social capital is key, particularly in rural areas, so the ecosystem needs to grow and further engage policymakers on these important issues.
“Entrepreneurship offers people choices”
Furthermore, 47 countries across Africa share 20% of investment capital, whereas the remaining 80% is shared amongst the large African economies, highlighting the importance of collective impact. To make a difference, more local funds are needed with more local decisions being made.
From the sessions across the two days, it was clear that there is untapped potential for social impact. We already have the knowledge to create the tools and solutions we need.
“Entrepreneurship is transforming the sustainable development landscape.”
