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The Power of Individuals: Why Formal Institutions Aren’t the Only Ones Driving Africa’s Innovation and Fintech Space
There’s a lot of attention on the businesses, NGOs and other institutions reshaping Africa’s fintech ecosystem. But there are equally important efforts underway – conducted not by institutions themselves, but by the individuals working within them – to build bridges between organizations, and create support networks for entrepreneurs and innovators. In this Q&A, Zianah Muddu, General Secretary of the Africa Fintech Network, discusses the pivotal – often overlooked – impact of this work.
- Categories
- Finance
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‘It’s Not About Subsidies’ – And Five Other Myths About Blended Finance
The excitement around blended finance is growing – but so are the misconceptions about it. Bjoern Struewer at Roots of Impact highlights five myths about the approach, and argues that investors and public funders should admit – and embrace – one inconvenient truth: By providing catalytic capital to mobilize commercial investment, blended finance is subsidizing private investors' returns.
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- Investing
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Off-Grid Solar Is Entering a New Era of Growth: GOGLA’s Off-Grid Solar Forum Explores Why
As the off-grid solar sector enters its second decade as a significant energy source, it's facing a host of new challenges, opportunities and growing pains. These dynamic changes will take center stage at the Global Off-Grid Solar Forum Expo, jointly organized by GOGLA (the global association for the off-grid solar energy industry) and the World Bank Group’s Lighting Global initiative next month in Nairobi, Kenya. GOGLA Executive Director Koen Peters shares why this conference won't be about rosy forecasts, but the real work of building the sector.
- Categories
- Energy
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Full, Yet Undernourished? How India Can Move from Food Security to Nutrition Security
India now produces enough food for its population – but recurring famines plagued the country for decades. In response, the government strengthened the distribution system to bring essential food grains to marginalized households. But as analysts at MSC point out, improving access to food is not the same as ensuring optimal nutrition. They explore solutions that could help India move from food security to nutrition security – and how the private sector can play a role.
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- Agriculture
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Philanthropy is Shortchanging Climate Change: Here Are Three Ways It Can Boost Its Impact
Climate change is a hot topic in global development, but unfortunately, philanthropy hasn’t followed suit. Despite some notable gifts, climate lags behind other issues when it comes to charitable giving — less than 2% of philanthropic dollars went to climate-related issues in 2015. Nicole Systrom at Sutro Energy Group discusses the reasons for this inertia, and how philanthropists and foundations can turn things around.
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- Environment, Technology
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Tackling Africa’s Youth Employment Challenge: Can Social Enterprise Play a Role?
Social enterprise is becoming an increasingly popular business model in Africa – a clear sign that the continent is gradually shifting from aid-led solutions to enterprise-led solutions. Yet despite their potential, social enterprise markets and ecosystems remain in their infancy, says Stephen Hunt at the Challenges Group. He explores how social enterprise can address one of Africa’s key development challenges: employment and job creation for young people.
- Categories
- Social Enterprise
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Optimism, Confusion and Soul-Searching: The Financial Inclusion Compass 2019 Reveals a Sector at an Inflection Point
It's not your imagination: Financial inclusion is getting more complex. As Sam Mendelson at e-MFP points out, the sector expands in depth and breadth each year – from new products and players to increased expectations of impact. To cut through the confusion, e-MFP publishes The Financial Inclusion Compass, a report based on a broad survey of stakeholders, who share their views on the sector’s present and future. He discusses some highlights from the 2019 report.
- Categories
- Finance
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The Hidden Value of Untapped Ideas: Three Development Sector Approaches that Deserve a Second Look
The development challenges facing African countries – from income inequality to crippling infrastructure gaps – are huge and growing. But while tackling these issues will require innovative responses, “innovative” may not necessarily mean “new.” Aubrey Hruby at the Atlantic Council’s Africa Center explores three ideas that the development sector discarded – or never considered in the first place – which may hold the key to solving some of Africa’s biggest challenges.
- Categories
- Social Enterprise, Transportation