Stakeholders Enhance Sustainability of Africa's Social Impact

Regional stakeholder validation workshops were held in Johannesburg, South Africa; Nairobi, Kenya; and Lagos, Nigeria, where stakeholders discussed practical solutions to enhance the sustainability of the African social impact ecosystem. The consensus was that the sector should transition from grant dependency to financially resilient, investment-ready organizations.

AVPA, supported by Porticus, is conducting research on "NGO Transitions to Sustainable, Investment-Ready Social Ventures in Africa." The workshops, in collaboration with Private Equity Support and enAble Advisors, gathered NGO leaders, funders, policymakers, corporates, intermediaries, and impact investors to validate research findings and co-create solutions. Participants acknowledged that sustainability involves building resilient institutions capable of attracting diverse capital and exploring market-based solutions.

Dr. Angela Gichaga, Founder and CEO of enAble Advisors, emphasized enhancing performance through self-awareness and a positive mindset. Dr. Frank Aswani, CEO of AVPA, noted that Africa's potential is hindered by inadequate financing for social investments, stressing the need for creative mobilization of private capital to address the SDG financing gap.