There is an argument that any African business is a social impact business, but is that true? Nwezi said a focus on social businesses in Africa is important, given the pivotal role such companies play developmentally on the continent. “There is certainly an argument that all businesses in Africa are social enterprises, it really depends on your perspective when looking at social as opposed to non-social. “There can be a view from some investors that ventures need to choose impact or profit, and I don’t believe that that’s the case. Bousso says the argument that every business in Africa is a social business is a little misleading, but says African companies are more likely to lean towards impact as there are so many challenges to be resolved.

Source: The North Africa Journal April 25, 2023 06:01 UTC