Africa is a land of great contrast. On one hand it contains many of the most underdeveloped nations in the world. On the other, it’s one of the richest places for young workers and consumers. The later has propelled the continent into a path towards success, despite lingering perceptions of the regions fragility.
Consider for a moment, 6 out of 10 of the world’s fastest growing GDPs are located in Africa. Also consider the fact that the country is currently leap-frogging many traditional technological development patterns and quickly moving towards newer models which oddly enough resemble the direction many western countries are heading towards. An excellent example of this can be found in M-Pesa. A mobile payment system in Kenya that allows users to easily send funds via traditional cell phones. With a bank integration at roughly 9%, it’s quite remarkable that Africa has one of the world’s highest mobile banking populations.
Despite all of the rapid change and development in the continent, the mindset about the place seems dated by many consumers, companies, and executives. To them, it’s still about “saving the hungry kids in Ethiopia.” While this might be a powerful mantra to rally around, it misses the reality of the situation. In fact, when compared with other emerging economies a number of nations in Africa are doing quite well. A recent report from the World Bank recently reported that Ethiopia’s growth rate recently surpassed China’s. With this lens firmly affixed a new reality starts to emerge, one focused not on Western nations rushing to the aid of African nations but one of an Africa that can fend for itself given the right tools and resources.
This new shift in thinking was recently put on center stage during the U.S. – Africa Leadership Summit held in Washington D.C. last month. At the Summit, nearly $1 billion worth of deals were announced between the U.S. and African nations. It also brought together President Obama and the leaders of more than 40 African nations. A notable initiative discussed at the Summit was a new partnership titled “Women and the Web Alliance.” This new program aims to introduce more than 600,000 Kenyan and Nigerian women to the Internet and engage them in using it as a tool for social and economic empowerment.
The U.S. Africa Leadership Summit is part of a greater shift focused on promoting opportunities available in Africa. For NGOs this new reality creates a new challenge. Traditional models for funding and doing business are falling to the wayside as more direct initiatives begin to take root. One example to consider is Give Directly, a NGO which enables donors to directly donate money to households in Kenya and Uganda. For-profit organizations are also starting to enter the development space, intervening and solving problems once located in the realm of NGOs, i.e. connectivity, health, and education. A recent example of this trend can be witnessed in Facebook’s recent launch of the internet.org app, which provides free access to online resources like Wikipedia, weather updates, job listings, health information and Facebook’s own social network.
Read the original article at the Huffington Post.
James Chimbiya says
Hi everyone
I have been impressed on how helpful the program is. Keep up
Habib Haruna says
Hi Everyone,
This is a great post and a must read by the leadership of the NGO fraternity in Africa and beyond. It is a wake up call if we are to continue in doing our good works in a generational manner. Now is the time to accept the fact that development funds need to be ”recycled” just like any other resource to ensure sustainable development. The future is in the culture of Social Investment or Impact Investing and transforming our operations in line with Social Business approaches. My organization, Pure Trust Social Investors Foundation which is operating in Tamale in the Northern region of Ghana, West Africa, is working to build a global community of Social Investors, providing capital to improve quality of life of people in disadvantaged communities in Ghana. Our Development work funding strategy is a combination of Social Mutual Fund Shares, Venture Philanthropy and fees for consulting services.