Stakeholders Move to Strengthen Sustainability of African Social Impact Ecosystem with Practical Solutions
Emma Okonji
At the recent regional stakeholder validation workshops held separately in Johannesburg, South Africa; Nairobi, Kenya; and Lagos, Nigeria, stakeholders pushed for practical solutions that would strengthen the sustainability of the African social impact ecosystem.
Organised by African Venture Philanthropy Alliance (AVPA), a Pan-African network for social investors that are interested in collaborating to increase the flow of capital into social investments across Africa, the various workshops discussed the issue of Africa’s grant dependency that has resonated with remarkable consistency across Southern, East and West Africa.
The stakeholders were of the view that the future of Africa’s social impact sector should move beyond grant dependency, towards financially resilient, investment-ready organisations and ecosytems.
