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How Africa's social economy is shaping its development

These enterprises are more likely to employ young people, reach underserved populations and reinvest their profits locally. Across Africa, social enterprises are already operating at scale and delivering measurable outcomes

Babban Gona, in Nigeria, is a farmer-owned cooperative model serving more than 38,000 smallholders, has doubled yields, tripled incomes and created over 82,000 jobs – 69% for youth. Its 98% loan repayment rate outperforms most banks.

[...]

Esoko in Ghana uses mobile technology to deliver real-time market and climate data to 2 million farmers across more than 20 African countries, boosting income stability and climate resilience.

These organizations are not dependent on perpetual grants. They operate under challenging environments, leverage digital tools, generate revenues and produce public value at scale.

Read the rest at The Guardian

 

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