The role of Social Entrepreneurship in driving economic development in Africa cannot be overemphasized.
Across the developing world, a great number of social challenges are evident. Poverty, economic inequality and underdeveloped health services present a real threat to those who call these nations home. Previously, much of the relief provided to alleviate these issues has come through aid from more prosperous countries, however growing levels of alternatives, such as social entrepreneurship, are now being actively pursued.
Social entrepreneurs are those whose goal is the achievement of systemic and sustainable social change. Often this is through innovation, perhaps through the invention of a new product or technology, or through adaptation of existing methods, such as making aspects of healthcare more affordable to those who require it.
For social entrepreneurs, the end goal is poverty alleviation or societal development, whether in a non-profit or business setting.
The Social Enterprising and Africa’s Sustainable Development Summit is aimed at bringing together Social Innovators and Directors of Non-Governmental Organizations and Community Development Organizations in Nigeria to dialogue a framework for sustaining community development projects in Nigeria, Africa and monetization of the existing infrastructures to generate revenue for continuity of projects.
Date: 4th October, 2019.
Venue: The American Corner Spaces, Ground Floor, 294 Hebert Macaulay Way, Sabo-Yaba, Lagos.
We define urban innovations as those making cities better for the many, not just the few. This could be in terms of service or product innovations across different sectors, productivity gains, and cost savings or revenue-generation opportunities, as long as they have a significant impact on the lives of city dwellers across Africa. We are spotlighting some companies that are already making a significant impact and we have prioritized companies that are considered high-potential, headquartered in Africa and with a primary focus on Africa.
Here are some of the start-ups shaping the future of cities across the continent.
Max.ng is a motorcycle taxi service operating in three Nigerian cities. It has completed over 1,000,000 rides and is one of Jumia’s largest delivery partners in West Africa. There are tremendous opportunities for motorcycle taxi services in Africa due to inefficiencies in mass transit and growing urban populations. Their model provides safe and affordable transportation by offering trained, accountable drivers and the convenience of booking rides through a mobile app. They recently announced $7 million in funding and are the only motorcycle taxi service positioning themselves for Africa’s electric vehicle future by investing in infrastructure for solar charging stations. This could potentially revolutionize urban mobility as they plan to expand to 10 West African cities.
Food prices are over 30% higher in sub-Saharan Africa than prices in the rest of the world at comparable GDP levels per capita. Much of this is due to inefficiencies in supply chains and farming practices. Twiga Foods is a digital marketplace that lets grocers in cities order farm produce from smallholder farmers in rural areas across Kenya and have it delivered at competitive prices. This eliminates the inefficiencies of sourcing mostly perishable foods daily, while guaranteeing farmers consistent income and timely payments. According to a recent report, Twiga Foods is the largest domestic distributor of food produce in Kenya, servicing 10,000 vendors in Nairobi and neighbouring counties through a network of 13,000 farmers.
mPharma is eliminating inefficiencies in the pharmaceuticals supply chain across Africa. These inefficiencies lead to consumers paying up to three times as much as patients in western countries. After food, medicines make up the largest family expenditure for most developing countries. This leads to patients’ inability to buy the drugs they need when they need them. mPharma solves this by sourcing and procuring medicines and stocking pharmacies across Africa at no cost to the pharmacies. They negotiate lower prices with the best manufacturers and also provide flexible payment options for patients. Currently operating in five African countries, they manage inventory for a network of over 200 pharmacies and serve more than 40,000 patients each month.
Sendy is a parcel delivery service that operates across Kenya, Uganda and Tanzania, and links more than 1,000 delivery drivers to customers. The service is used by over 5,000 businesses and 50,000 individuals to make deliveries which are insured and can be tracked in real-time from a mobile app. This leads to greater efficiency and reduced costs as it leverages a network of otherwise informally employed motorcycle, pickup, van and truck drivers. It also recently launched a freight service for domestic cargo transport.