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What’s Working – And What’s Not – in Africa: A New Report Aims to Inform Better Development Practice on the Continent
The challenges facing Africa are substantial – but so too are the unique assets the continent possesses. As the development sector works to address those challenges and leverage those assets, it's useful to highlight both the approaches that are working – and those that aren't. That's the goal of Next Generation's recent report on the social investment and development industry trends impacting Africa. Reana Rossouw explores its findings.
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- Technology
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Africa’s Tech Startup ‘Investment Frenzy’: Fact, Fantasy – or a Wakeup Call for Better Investing Strategies?
Are Africa's tech startups really facing an "investment frenzy" that's driving excessive valuations, growth-at-all-cost business models and unrealistic investor expectations? That was impact investor Lauren Cochran's argument in a much-discussed NextBillion article. But according to Marsha Wulff at LoftyInc Capital Management, the problem isn't an excess of funding – it's "group-think" among foreign investors who don't see the true value of local, African-led startups.
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- Investing
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Leveraging Blockchain for Good: A Q&A with Ken Weber, Head of Social Impact at Ripple
Blockchain has been sparking social innovation for years – and much of it has focused on payments. Ripple has been an innovator in this space since 2012, leveraging its blockchain-powered payment technology to enable international remittances through a network that now spans over 40 countries and six continents. In this Q&A, Ken Weber, Ripple’s Head of Social Impact discusses the company's multi-faceted efforts to "advance socially responsible and equitable uses of blockchain, cryptocurrency and related technologies.”
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- Finance, Technology
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The Time is Now for a Renewable Energy Transition in Haiti
Though they have comparable populations and share the same Caribbean island, the energy capacity in the Dominican Republic exceeds that of Haiti by a factor of 10 to one. Carl Black at Deetken Impact explores that discrepancy and argues that, though fossil fuels still represent over 85% of installed capacity in both countries, they also present an enticing opportunity for renewable energy development.
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- Energy
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How Microfinance Can Impact Employment: Going Beyond Microloans to Microentrepreneurs
Though its focus has broadened in recent years, microfinance and employment have always gone hand-in-hand. In this video interview, Craig Churchill, head of the Social Finance Programme at the International Labour Organization, discusses how modern microfinance can better serve the low-income labor force – from supporting job-creating startups, to responding to poor labor practices among their clients.
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- Finance
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Progress and Frustration: How Investors are Pushing Impact Investing Toward Greater Transparency
Impact investments are likely to top $1 trillion in the not-too-distant future. But as the sector grows, so does the need for greater transparency about who is benefiting, in what ways, and to what degree, says Paige Chapel at Aeris Insight. And though institutional investors are moving toward more accountability, 80% of retail investors still find it difficult to measure the impact of their portfolios. She explores this challenge – and some emerging, tech-based solutions.
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- Impact Assessment, Investing
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A Future Beyond Short-Term Profit: A Movement Builds for Mission-First Business Structures
Business as usual is not working to solve major world problems—in many cases it’s actually causing them, due to flaws built into the foundation of conventional business and investing structures. Jasper van Brakel of RSF Social Finance discusses how this realization is sparking a grassroots global movement behind mission-first business, rooted in stakeholder governance and seeking profit as an engine for creating social, cultural and ecological good.
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- Social Enterprise
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Climbing the Tech Adoption Mountain: Seven Ways Nonprofits and Social Enterprises Can Leverage Technology for Greater Social Impact
Nonprofits and for-profit social enterprises now benefit from a vast array of technological innovations – but they often struggle to implement them. Devon Ferreira at Originate shares insights from some of the leading minds in the nonprofit and social enterprise world, about how impact-focused organizations can adapt to the challenges – and leverage the opportunities – of new technologies.
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- Social Enterprise, Technology
