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Thursday, March 30, 2006

Africa: Development Finance And The Double-Bottom Line

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Session Description

Members of the development finance movement have, for the past decade, been evolving investment strategies which are capable of the scale of response Africa needs for its citizens to enjoy sustainable livelihoods. The movement practices a ‘capital plus’ approach, where capital provides the glue for the other skills and support needed to help poor people enjoy viable businesses and personal and societal sustainability. How can this method work where aid has proven ineffectual? How has this community learnt from each other to grow a now-recognised field? What else is needed to enable social entrepreneurs to thrive? This panel shares lessons from Africa which have a bearing on the social investment movement around the world.

When | Where

09:30 - 10:45 Thursday, March 30

Session leaders

  • Aleke Dondo Speaker
    Managing Director, K-Rep Development Services – Kenya
    Mr. Aleke Dondo is the Managing Director of K-Rep Development Agency, a non-profit microfinance institution which services the needs of rural small-scale farmers and micro-entrepreneurs through innovative microfinance projects. Mr. Dondo has over 15 years of hands-on experience in microfinance and small enterprise (Informal Sector) development. He has carried out over 30 studies in the fields of small enterprise and microfinance development and has authored 10 published papers and over 30 unpublished ones. Mr. Dondo has served on the boards of organizations involved in development work including Kenya Gatsby Trust (Chairman), Kenya Community Development Foundation (Vice-Chairman), K-Rep Advisory Services, and Saga Thrift and Enterprise Promotion. Mr. Dondo received a Master's degree in Economics from York University in Canada and a Bachelor's degree in Economics from the University of Nairobi.
  • Jan Piercy Speaker
    Senior Advisor, Enclude
    Jan Piercy is Senior Advisor at Enclude, engaged in the capital mobilization practice, business development, and strategic partnerships. Jan previously served a seven year term representing the United States on the Board of the International Bank for Reconstruction and Development, where she chaired Board Committees on Personnel and Development Effectiveness and served on the Board Audit Committee. She received the US Treasury Medal of Honor for her service at the Treasury and World Bank. In President Clinton's first term, Jan was Deputy Assistant to President Clinton for Presidential Appointments in the White House. She was also a Senior Vice President at ShoreBank Corporation, and earlier in her career headed public interest management programs at Cornell and then Stanford graduate schools of business. She also worked for non-profit economic development agencies in the US and South Asia. Jan serves on the board of the DC Homeless Children's Playtime Project and the advisory councils of Acumen and the Global Philanthropy Forum and she is a member of the Council on Foreign Relations.
  • Mo Ibrahim Speaker
    Founder and Chair, Mo Ibrahim Foundation
    Dr. Mo Ibrahim is the Founder and Chair of the Mo Ibrahim Foundation which he established in 2006 to support good governance and exceptional leadership on the African continent. Sudanese-born, Dr. Ibrahim is a global expert in mobile communications with a distinguished business career. He founded Celtel International, one of Africa’s leading mobile telephone companies, in 1998 which was sold to Zain in 2005 and was then purchased by Bharti Airtel in 2010. Dr. Ibrahim is also Founding Chairman of Satya Capital Limited, an investment fund focused on Africa. In 2008 he was listed by TIME magazine as one of the 100 most influential people in the world. The Mo Ibrahim Foundation was established in 2006 with a focus on the critical importance of leadership and governance in Africa. By providing tools to support advancements in leadership and governance, the Foundation aims to bring about meaningful change on the continent. The Foundation, which is a non-grant making organisation, helps to define, assess and enhance governance and leadership in Africa using the following tools: Ibrahim Index of African Governance; Ibrahim Prize for Achievement in African Leadership; Ibrahim Forum; Ibrahim Fellowships and Scholarships