Articles by Carola Schwank
Social Enterprises as Job Creators: Four Ways the Sector Can Boost Employment Opportunities in Africa
By 2030, there will be about 1 billion people in Africa of working age – an increase of approximately 40% since 2018. This means more jobs will urgently be needed to improve living conditions, reduce unemployment and create sustainable economic growth in the region. Carola Schwank at Siemens Stiftung argues that impact-oriented entrepreneurs can play a key role in creating these jobs – but they need backing to maximize their untapped potential. She shares four key recommendations on how to support social enterprise job growth in Africa, taken from a recent report.
Filling the Funding Gap: Two Innovative Ways to Improve Financing Opportunities for Social Impact Entrepreneurs
Social entrepreneurs often struggle to scale their enterprises because of difficulties accessing tailor-made capital. According to Carola Schwank at Siemens Stiftung's empowering people.Network, this is often due to a clear mismatch in pairing up social entrepreneurs and impact investors. She explores two key solutions to this crucial challenge, featured in Siemens Stiftung's “Innovative Financing for Social Entrepreneurs” report.
How can social entrepreneurs move from the startup phase into the growth phase? Whatever the focus of their business, entrepreneurs have to build capacity to benefit and employ more people as they scale – and this requires a unique set of skills. Carola Schwank at Siemens Stiftung Foundation discusses the crucial but often overlooked need of organizational development in social business, and describes how the foundation is helping entrepreneurs address it.