Since its inception in 2014, Sankalp Africa has become one of the region's leading events for social entrepreneurship and impact investing. The summit witnesses hundreds of game changing social entrepreneurs interact with investors and ecosystem builders every year.
Economic growth in East Africa has seen unprecedented growth in recent years, which has been far ahead of Africa as a whole, even outpacing SE Asia’s growth from 2012-2016. The per capita GDP for East African countries have doubled over the last 10 years. In addition to positive economic trends, people in East Africa have seen improved social indicators as well – overall they are living longer lives, gaining better education, and seeing improved quality of life, compared to the just the previous generation. These are all positive steps towards achieving the Sustainable Development Goals, but we still have a long way to go for sustainable development take hold across the African continent. In many circles, sustainability has become synonymous with revenues, business models, and entrepreneurship – where social businesses can be the main driver for meeting the SDGs.
This entrepreneurship agenda has taken Africa by storm in recent years – global investors have their sights set on Africa as the next frontier for booming business, nascent sectors offer business opportunities everywhere for creative entrepreneurs, and the Silicon Savannah promises to leapfrog progress with technology.
To achieve inclusive business growth and scale, companies not only need to have the right products, services and business model, but also the appropriate management practices. Base of the pyramid (...