https://climatejournal.news/ en https://climatejournal.news/node/196 <div class="field field--name-title field--type-string field--label-hidden field--item">VITA Ireland</div> <div class="field field--name-field-image field--type-image field--label-hidden field--item"> <a href="/node/196" hreflang="en"><img alt="" title="" class="img-responsive" src="/files/styles/partner_full_page_logo/public/bsp-images/partner-logo/887.jpg?itok=TZ9PJcID" width="300" height="300" loading="lazy" typeof="foaf:Image" /> </a> </div> <div class="field field--name-field-partner-location field--type-entity-reference field--label-inline"> <div class="field--label">Location</div> <div class="field--item">Ireland</div> </div> <div class="field field--name-field-website field--type-link field--label-hidden field--item"><a href="https://vita.ie/" target="_blank">https://vita.ie/</a></div> <div class="field field--name-field-reach field--type-entity-reference field--label-inline"> <div class="field--label">Reach</div> <div>Africa</div> </div> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p>As regions in East Africa experience some of the worst effects of climate change, we partner with rural communities in Ethiopia and Eritrea to create sustainable, climate smart livelihoods. Our values centre on sustainability and adaptability, with each of our programmes dedicated to not only mitigating climate change but also ensuring that partners, communities, and families are equipped with the skills, training, and resources needed to thrive.</p> <p>Carbon offsetting with Vita is a straightforward and verified process. Vita creates carbon savings through clean water and fuel-efficient cookstove programmes. These life-saving programmes prevent the cutting down of trees for fuel to cook or sterilise dirty water, thereby saving carbon emissions from being released while also improving the health and livelihoods of vulnerable rural communities.</p></div> <div class="field field--name-field-active-projects field--type-entity-reference field--label-above"> <div class="field--label">Related news</div> <div class="field--items"> <div class="field--item"> <article role="article" about="/news/how-can-carbon-offsetting-fix-climate-and-communities-at-one-go" class="news teaser clearfix thumbnail"> <a href="/news/how-can-carbon-offsetting-fix-climate-and-communities-at-one-go" hreflang="en"><img alt="" title="" class="img-responsive" src="/files/styles/event_news_teaser_header_xs/public/bsp-images/news/814.jpg?itok=mz9LSebm" width="720" height="482" loading="lazy" typeof="foaf:Image" /> </a> <div class="content"> <h3><a href="/news/how-can-carbon-offsetting-fix-climate-and-communities-at-one-go" hreflang="en">How can carbon offsetting fix climate and communities at one go?</a></h3> <div class="field field--name-field-lead field--type-string field--label-hidden field--item">Creating &#039;climate smart communities&#039; while cutting back on carbon emissions proved a viable model to tackle the climate crisis.</div> <div class="field field--name-field-category field--type-entity-reference field--label-hidden field--item"><a href="/taxonomy/term/4" hreflang="en">Inspire</a></div> <div class="field field--name-created field--type-created field--label-hidden field--item">August 2021</div> </div> </article> </div> </div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-inline"> <div class="field--label">Focus</div> <div class="field--items"> <div class="field--item"><a href="/topic/carbon-management" hreflang="en">Carbon Management</a></div> <div class="field--item"><a href="/topic/carbon-emission" hreflang="en">Carbon Emission</a></div> <div class="field--item"><a href="/topic/climate-change" hreflang="en">Climate Change</a></div> <div class="field--item"><a href="/topic/communities" hreflang="en">Communities</a></div> <div class="field--item"><a href="/topic/africa" hreflang="en">Africa</a></div> <div class="field--item"><a href="/topic/business" hreflang="en">Business</a></div> <div class="field--item"><a href="/topic/sustainability" hreflang="en">Sustainability</a></div> <div class="field--item"><a href="/topic/carbon-offsetting" hreflang="en">Carbon offsetting</a></div> </div> </div> <div class="field field--name-field-platform-partner-categorie field--type-entity-reference field--label-above"> <div class="field--label">Platform :: Partner categories</div> <div class="field--items"> <div class="field--item"><a href="/taxonomy/term/828" hreflang="en">Funding | Supports</a></div> <div class="field--item"><a href="/taxonomy/term/829" hreflang="en">Networking | Events | Community</a></div> </div> </div> Mon, 13 Sep 2021 16:27:16 +0000 Szilvia Szabó 196 at https://climatejournal.news https://climatejournal.news/news/first-extensive-study-on-social-investment-in-africa-reveals-financial-trends-and-gaps <div class="field field--name-title field--type-string field--label-hidden field--item"><span>First extensive study on Social Investment in Africa reveals financial trends and gaps </span> </div> <span class="a2a_kit a2a_kit_size_32 addtoany_list" data-a2a-url="https://climatejournal.news/news/first-extensive-study-on-social-investment-in-africa-reveals-financial-trends-and-gaps" data-a2a-title="First extensive study on Social Investment in Africa reveals financial trends and gaps "><a class="a2a_button_linkedin"><img src="/libraries/bsp_social_media_icons_share/service/linkedin.svg" border="0" alt="LinkedIn" height="18" class="social-media-links-normal"><img src="/libraries/bsp_social_media_icons_share/service/linkedin_hover.svg" border="0" alt="LinkedIn" height="18" class="social-media-links-hover"></a><a class="a2a_button_facebook"><img src="/libraries/bsp_social_media_icons_share/service/facebook.svg" border="0" alt="Facebook" height="18" class="social-media-links-normal"><img src="/libraries/bsp_social_media_icons_share/service/facebook_hover.svg" border="0" alt="Facebook" height="18" class="social-media-links-hover"></a><a class="a2a_button_twitter"><img src="/libraries/bsp_social_media_icons_share/service/twitter.svg" border="0" alt="Twitter" height="18" class="social-media-links-normal"><img src="/libraries/bsp_social_media_icons_share/service/twitter_hover.svg" border="0" alt="Twitter" height="18" class="social-media-links-hover"></a><a class="a2a_button_email"><img src="/libraries/bsp_social_media_icons_share/service/email.svg" border="0" alt="Email" height="18" class="social-media-links-normal"><img src="/libraries/bsp_social_media_icons_share/service/email_hover.svg" border="0" alt="Email" height="18" class="social-media-links-hover"></a><a class="a2a_dd" href="https://www.addtoany.com/share"><img src="/libraries/bsp_social_media_icons_share/service/share_hover.svg" border="0" alt="Share" height="18" class="social-media-links-hover"><img src="/libraries/bsp_social_media_icons_share/service/share.svg" border="0" alt="Share" height="18" class="social-media-links-normal"> Share </a></span> <div class="field field--name-field-tags field--type-entity-reference field--label-inline"> <div class="field--label">Tags</div> <div class="field--items"> <div class="field--item"><a href="/tag/africa" hreflang="en">Africa</a></div> <div class="field--item"><a href="/tag/impact-investing" hreflang="en">Impact investing</a></div> <div class="field--item"><a href="/tag/social-innovation" hreflang="en">Social Innovation</a></div> <div class="field--item"><a href="/tag/social-economy" hreflang="en">Social Economy</a></div> <div class="field--item"><a href="/tag/research" hreflang="en">Research</a></div> </div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-inline"> <div class="field--label">Topic</div> <div class="field--items"> <div class="field--item"><a href="/topic/impact-investing" hreflang="en">Impact Investing</a></div> <div class="field--item"><a href="/topic/africa" hreflang="en">Africa</a></div> <div class="field--item"><a href="/topic/business" hreflang="en">Business</a></div> <div class="field--item"><a href="/topic/report" hreflang="en">Report</a></div> </div> </div> <img width="32" height="32" alt="Business" title="Business" class="img-responsive" src="/files/bsp-images/icons/55.svg" loading="lazy" typeof="foaf:Image" /> <img width="32" height="32" alt="Research" title="Research" class="img-responsive" src="/files/bsp-images/icons/243.svg" loading="lazy" typeof="foaf:Image" /> <img alt="First extensive study on Social Investment in Africa reveals financial trends and gaps " title="First extensive study on Social Investment in Africa reveals financial trends and gaps " class="img-responsive" src="/files/styles/news_full_main_image/public/bsp-images/news/530.jpg?itok=ruxlDFLK" width="687" height="687" loading="lazy" typeof="foaf:Image" /> <div class="field field--name-field-lead field--type-string field--label-hidden field--item">The African Venture Philanthropy Alliance launched a high-level report on the state of social investment financing in Africa</div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1630 paragraph--width--full" style=""> <div class="paragraph__column"> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1634 paragraph--width--full" style=""> <div class="paragraph__column"> <p>The <a href="https://avpa.africa/" target="_blank">African Venture Philanthropy Alliance</a> (AVPA) launched ‘<a href="https://avpa.africa/landscape-reports-home/" target="_blank">The Landscape for Social Investments in Africa</a>’ high-level inaugural report on the state of social investment financing in Africa.</p> </div> </div> <div class="paragraph paragraph--type--bp-columns-two-uneven paragraph--view-mode--default paragraph--id--1633 paragraph--width--full paragraph--style--66-33"> <div class="paragraph__column"> <div class="paragraph--type--bp-columns-two-uneven__2col-column1"> <div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1631 paragraph--width--full" style=""> <div class="paragraph__column"> <p>The report is the first of several concerted efforts aimed at addressing information gaps on social investments in areas such as Philanthropy, Impact Investing, Private Capital deployment and Corporate Sustainability Programmes across sub-Saharan Africa.</p> <p>AVPA is a unique Pan-African network established in 2018 for social investors, headquartered in Nairobi with offices in Johannesburg and Lagos, with a mission to drive a transformative social investing agenda and build vibrant, influential community across Africa.</p> <p>Their work is aligned with thriving sister networks in Europe (<a href="https://evpa.eu.com/" target="_blank">EVPA</a>), South America (<a href="https://latimpacto.org/en-us/" target="_blank">Latimpacto</a>), and Asia (<a href="https://avpn.asia/" target="_blank">AVPN</a>) to form a dynamic global force for social impact.</p> <p>AVPA facilitates the flow of human, intellectual and financial capital, not only within Africa but also across countries involved with its partner organisations globally.</p> </div> </div> </div> </div><div class="paragraph--type--bp-columns-two-uneven__2col-column2"> <div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-image paragraph--view-mode--default paragraph--id--1632 paragraph--width--full"> <div class="paragraph__column"> <div class="field field--name-bp-image-field field--type-image field--label-hidden field--item"> <img alt="" title="" src="/files/bsp-images/paragraph/531.jpg" width="724" height="1024" loading="lazy" typeof="foaf:Image" class="img-responsive" /> </div> <div class="field field--name-field-image-title field--type-string field--label-hidden field--item">The Landscape for Social Investments in Africa report</div> </div> </div> </div> </div> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1638 paragraph--width--full" style=""> <div class="paragraph__column"> <p>“Africa needs an estimated $500 billion - $1.2 trillion annually between now and 2030 to meet its financing gap for delivering on the United Nations Sustainable Development Goals targets.</p> <p>With traditional sources of social investment like aid and government funding unlikely to fill this gap. Therefore, we need to turn to the global financial and capital markets for the requisite investments, “ says Dr. Frank Aswani, CEO of AVPA.</p> </div> </div> <div class="paragraph paragraph--type--bp-columns-two-uneven paragraph--view-mode--default paragraph--id--1637 paragraph--width--full paragraph--style--75-25"> <div class="paragraph__column"> <div class="paragraph--type--bp-columns-two-uneven__2col-column1"> <div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1635 paragraph--width--full" style=""> <div class="paragraph__column"> <blockquote> <p>“This demands a good understanding of the social investment landscape on the continent and increasing collaboration amongst social investors by breaking down existing silos between providers of grants, debt and equity.</p> </blockquote> <p>We are taking the first step in this direction with this study. It provides a baseline against which we can track future progress and key trends that will influence the increased flow of capital into social investments in Africa while working collaboratively to identify programmatic interventions for creating increased social impact.” adds Aswani in regards of carrying out this broad research.</p> </div> </div> </div> </div><div class="paragraph--type--bp-columns-two-uneven__2col-column2"> <div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-image paragraph--view-mode--default paragraph--id--1636 paragraph--width--full"> <div class="paragraph__column"> <div class="field field--name-bp-image-field field--type-image field--label-hidden field--item"> <img alt="" title="" src="/files/bsp-images/paragraph/532.jpg" width="986" height="1478" loading="lazy" typeof="foaf:Image" class="img-responsive" /> </div> <div class="field field--name-field-image-title field--type-string field--label-hidden field--item">Dr. Frank Aswani, CEO of The African Venture Philanthropy Alliance </div> </div> </div> </div> </div> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1639 paragraph--width--full" style=""> <div class="paragraph__column"> <p>The report presents findings of an eight-month study across 18 African countries - six each in West, East, and Southern Africa.</p> <p>The study was commissioned by AVPA with support from the United States African Development Foundation (USADF), Social Capital Foundation, The Rockefeller Foundation, and an anonymous donor.</p> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-callout paragraph--view-mode--default paragraph--width--full callout-style--b" id="callout-1641"> <div class="paragraph__column"> <div class="callout-body"> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1640 paragraph--width--full" style=""> <div class="paragraph__column"> <p>"The <a href="https://www.usadf.gov/" target="_blank">US African Development Foundation</a> (USADF) supported AVPA to carry out a landscape study to understand better social investment across East, West and Southern Africa.</p> <p>The findings will help drive strategies and plans for future investors, donors, foundations, and public sector financiers.</p> <p>We are constantly looking for ways to partner with corporations and governments that are interested in the business growth of Africa." C.D. Glin, President and CEO, US African Development Foundation</p> </div> </div> </div> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1642 paragraph--width--full" style=""> <div class="paragraph__column"> <p>AVPA conducted the study in partnership with Intellecap, the advisory arm of The Aavishkaar Group, which works to build businesses that can benefit the underserved segments across Asia and Africa. It mapped providers of social capital - financial, human and intellectual, their investment strategies, and opportunities for collaboration amongst the various investors.</p> <p>The findings highlight, among other things, what is currently happening, who are the key players, what are their current approaches to investing, what challenges they are facing, and the opportunities they are seeing. It also identifies additional areas of future research while making recommendations of opportunities to create a more vital ecosystem for increased capital flow and social impact on the continent.</p> <blockquote> <p>Many social investors in sub-Saharan Africa operate in silos, necessitating strategic interventions to bridge gaps across the different types of capital and investment strategies.</p> </blockquote> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1652 paragraph--width--full" style=""> <div class="paragraph__column"> <p class="font-greentitle">Key findings of the report:</p> <ul><li>Over 820 social investors are operating in the sub-Saharan African (SSA) region; 39% in East Africa, 31% in West Africa and 30% in Southern Africa.</li> <li>The majority of social investment capital deployed across the regions continues to come from international sources with a growing number of active regionally-based social investors.</li> </ul> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-image paragraph--view-mode--default paragraph--id--1653 paragraph--width--full"> <div class="paragraph__column"> <div class="field field--name-bp-image-field field--type-image field--label-hidden field--item"> <img alt="" title="" src="/files/bsp-images/paragraph/536.png" width="1024" height="414" loading="lazy" typeof="foaf:Image" class="img-responsive" /> </div> <div class="field field--name-field-image-title field--type-string field--label-hidden field--item"> Overview of Key Social Investors in SSA</div> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1646 paragraph--width--full" style=""> <div class="paragraph__column"> <ul><li>Donors, development finance institutions, and sustainability aligned fund managers are the largest providers of social capital across the SSA regions, deploying billions of dollars annually, mainly through long term projects.</li> <li>Corporates and corporate foundations are emerging as strong drivers of regional social investment ecosystems.</li> <li>While Southern Africa has the highest number of regional-based family foundations, a high level of activity was also recorded for regional family foundations in West Africa who are relatively public with information on their giving and the causes they support.</li> <li>Regional Corporate Social Investors (CSIs) across sub-Saharan Africa largely support basic services (health and education) provision, while North American CSIs mostly focus on economic empowerment and entrepreneurship initiatives.</li> <li>Development finance institutions and sustainability aligned fund managers investments across the regions are highly concentrated by geography and sector, following similar trends in sector preference with financial services, agriculture and energy.</li> <li>Across the regions, tech-based enterprises focused on solving challenges in the financial services, agriculture, energy and healthcare challenges have received the highest focus from social investors.</li> <li>Large pools of social investment capital deployed by African diaspora communities, faith-based organisations and other local capital providers represent a significant opportunity for collaboration with other social investors to make progress in key social sectors such as health care, education and affordable housing.</li> <li>The supply of social investment capital in the SSA region remains significantly mismatched with demand from social enterprises and impact businesses.</li> <li>With declining funding from donors and international foundations, non-profits are exploring alternative and more sustainable funding models.</li> </ul> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1650 paragraph--width--full" style=""> <div class="paragraph__column"> <p>The study includes an in-depth report for each of the three regions - East, West, and Southern Africa to provide detailed regional analyses.</p> </div> </div> <div class="paragraph paragraph--type--bp-columns-two-uneven paragraph--view-mode--default paragraph--id--1649 paragraph--width--full paragraph--style--25-75"> <div class="paragraph__column"> <div class="paragraph--type--bp-columns-two-uneven__2col-column1"> <div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-image paragraph--view-mode--default paragraph--id--1647 paragraph--width--full"> <div class="paragraph__column"> <div class="field field--name-bp-image-field field--type-image field--label-hidden field--item"> <img alt="" title="" src="/files/bsp-images/paragraph/535.png" width="477" height="513" loading="lazy" typeof="foaf:Image" class="img-responsive" /> </div> <div class="field field--name-field-image-title field--type-string field--label-hidden field--item">Nancy Kairo, AVPA Executive Director for the East Africa region</div> </div> </div> </div> </div><div class="paragraph--type--bp-columns-two-uneven__2col-column2"> <div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1648 paragraph--width--full" style=""> <div class="paragraph__column"> <p>“The East Africa section of this report shows there is an urgent need to diversify both the sources and the recipients of impact funds.</p> <p>Development finance institutions are still among the largest providers of such capital, and most of these funds are invested in mature stage sustainable businesses that can absorb large amounts of capital.</p> <p>Yet, to realise real change we need to see large capital flows from other sources such as the capital markets, high-net-worth individuals and grantors amalgamate in support of SMEs—the backbone of our economies.” says Nancy Kairo, AVPA Executive Director for the East Africa region.</p> </div> </div> </div> </div> </div> </div> <div class="classy-style--margin-bottom paragraph paragraph--type--bp-simple paragraph--view-mode--default paragraph--id--1651 paragraph--width--full" style=""> <div class="paragraph__column"> <p>AVPA plans to repeat this study every 2-3 years to track trends and improve the knowledge base within the ecosystem.</p> </div> </div> <div>Footer</div> Report <div class="field field--name-field-background-style field--type-list-string field--label-above"> <div class="field--label">Background style</div> <div class="field--item">Light</div> </div> <div class="field field--name-field-sponsored field--type-boolean field--label-above"> <div class="field--label">Sponsored?</div> <div class="field--item">No</div> </div> <div class="field field--name-created field--type-created field--label-hidden field--item">November 2020</div> Fri, 27 Nov 2020 11:50:05 +0000 Anonymous 120 at https://climatejournal.news