PATIENT CAPITAL: HOW DONORS CAN DRIVE ECONOMIC GROWTH AND DEVELOPMENT IN AFRICA THROUGH A NEW MODEL OF PHILANTHROPY Foreign aid has been a key driver for social and economic growth, as well as bridging the domestic development financing gap in Africa. Unfortunately, the continent has not utilized the tremendous value of philanthropy to unlock market shaping and economic growth opportunities as it should. Countries in Africa therefore need to rethink how they approach development financing by exploring philanthropy as a tool for the scale-up of impactful solutions driven by market-based, self-sustaining approaches. One of the ways economies in the
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