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Nestlé and Ashoka have kick-started a
social investment accelerator program
to accelerate social entrepreneurship and boost economic development of
Africa, on 10th September 2018.
12 social entrepreneurs from Benin, Ghana, Egypt, Kenya, Uganda and South
Africa will learn new tools and methodologies to help refine their business
model and become investment ready. This is essential to find the right
hybrid of corporate structure to gain access to finance. These selected
young social entrepreneurs are working in the fields of nutrition,
agriculture, education, e-commerce, water and sanitation.
A select number of employee experts in legal affairs, accounting, business
support, technology and marketing from across the continent will be
mentoring these social entrepreneurs during the next five months. They will
prepare their final submission to angel and social impact investors to
In Central & West Africa, three start- ups are part of the initiative.
Exportunity Global Trade hub (Benin) is an exclusive virtual market, which
connects vendors and sellers through Business-to-Consumer (B2C) and
Business-to-Business (B2B) intra African trade.
Project Maji designs (Ghana), develops, and builds environmentally
sustainable solar-powered water kiosks across sub-Saharan Africa. The water
kiosks are designed to work reliably in the harshest environments with
minimal running costs.
Maintenance and Sustainability Africa (MSA) (Ghana) is a volunteer-based
youth-led organization, which focuses on sustainable development through
initiatives such as education financing. Its Edupay model makes quality
education financing affordable for rural poor parents earning less than $4
purchasing power parity (PPP) daily, whose wards are enrolled in low-cost
private schools (LCPSs). Godfred Turkson, CEO of MSA, is happy that his
organisation is part of this initiative: “I look forward to an engaging and
experiential learning phase during this mentorship period, to take Edupay
model to the next level, reaching additional schoolchildren and parents”.
Kayode Oladapo is Category & Marketing Manager- Coffee, for Nestlé
Nigeria. For him, this experience of mentoring young people through the
Social Investment Accelerator Programme is a laudable one. “I am excited to
mentor these young talents and I look forward to a great experience that
will add value to their business. In line with the company’s purpose, we
are helping create opportunities for growth and experiential learning for
young people. In the end, we are creating shared value and a two-way
learning for both the company and these dynamic young people”
The Social Investment Accelerator Programme supports Nestlé’s
Global Youth Initiative
. Nestle’s purpose is “enhancing quality of life and contributing to a
healthier future”, and its ambition to help 10 million young people around
the world have access to economic opportunities by 2030, supports UN SDG
Goals on promoting inclusive and sustainable economic growth, employment
and decent work for all.