Don’t overlook Africa’s ‘fragile’ states for social businesses, urge industry experts
By Nita Bhalla
African nations such as Somalia may be perceived as conflict-ridden and risky for business but “fragile states” can be an untapped opportunity for social enterprises that are flexible and think out-of-the-box, said industry experts.
The Organization for Economic Cooperation and Development (OECD) lists 58 countries as “fragile states” – most of which are in Africa – based on indicators such as insecurity, social inequality, weak governance and high population vulnerability.
But social entrepreneurs and investors said these countries can still be win-win destinations for those seeking to run profitable businesses that also improve the lives of the needy.
Photo courtesy of AMISOM Public Information.