In a guest post on ImpactAlpha, Hewlett’s Marilyn Waite details the new partnership and makes the case that approach should be replicated by governments globally.
“We have a decade to deliver on the Sustainable Development Goals and the clock is ticking.”
Different approaches in different sectors, “all add up to the same thing, which is improving small business infrastructure,” the key to inclusive economic growth.
A number of African nations are now formalizing policies to support and encourage local entrepreneurs and promote the growth of digital technologies.
- By boosting the financial health of utilities and making it more economically viable for them to connect low income households to water service, CityTaps hopes to remove a barrier to water investors who may have traditionally been hesitant to back utilities as a way to address the UN’s Sustainable Development Goal 6 for water and sanitation.
- Not enough money for promising ventures. Too much money flowing to a few companies. Both statements are true for impact-oriented small and growing businesses in emerging markets.
The Abuja-based company has developed a commodities exchange for products like sorghum, maize and cocoa sourced from more than 100,000 smallholder farmers.