Browsing: donors.

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 global south progressively leap out of poverty is by opening up spaces for more innovative use of philanthropic capital to spark up the ecosystem for innovation that delivers sustainable economic and social value. 

Patient capital is an interesting new trend in development that is changing the way the world looks at…

Any predictions regarding what economies are going to look like after this crisis, have to be taken at face value by the best buyer. In other words, I believe that any forecast carries a great deal of speculation, as we are sailing uncharted waters and the last few months have proven that, so to compare the current situation to any past crisis is not very efficient to say the least.

Nevertheless, speculation is what we have at hand, and much like everyone else locked up in quarantine, I have been observing the developments and formulating some theories. I’ve also had the privilege of speaking to some very insightful people as I moderated and shared my opinion in a number of webinars and other online platforms, particularly as to the key changes African economies may face in this new reality.

It goes without saying that with over 50 countries on the …