This paper investigates to what extent and how micro, small and medium-sized enterprises (SMEs) in developing countries are adapting to climate risks. We use a questionnaire survey to collect data from 325 SMEs in the semi-arid regions of Kenya and Senegal and analyze this information to estimate the quality of current adaptation measures, distinguishing between sustainable and unsustainable adaptation. We then study the link between these current adaptation practices and adaptation planning for future climate change. We find that financial barriers are a key reason why firms resort to unsustainable adaptation, while general business support, access to information technology and adaptation assistance encourages sustainable adaptation responses. Engaging in adaptation today also increases the likelihood that a firm is preparing for future climate change. The finding lends support to the strategy of many development agencies who use adaptation to current climate variability as a way of building resilience to future climate change. There is a clear role for public policy in facilitating good adaptation. The ability of firms to respond to climate risks depends in no small measure on factors such as business environment that can be shaped through policy intervention.
"The Landscape for Impact Investing in West Africa is a state of the market analysis of the impact investing industry in the region. The report includes regional findings from 15 countries, as well as dedicated chapters covering the most active markets: Nigeria, Ghana, and Senegal. Across the region, investors highlight opportunities for impact and financial return, particularly in the key sectors of energy, financial technologies, and agriculture.
The landscape study is based on thorough analysis of relevant literature, large volumes of transaction data, and extensive interviews with key industry stakeholders. Detailed country chapters include information on the supply of capital by investor type, investment opportunities by sector, and regulatory considerations and hurdles for impact investors and investees."
"This document presents ENERGIA’s four-year journey to create and upscale womencentric energy enterprises that sell safe, reliable and affordable energy solutions to low-income consumers in underserved areas. ENERGIA works with partner organizations in seven countries in an effort to develop and test new, disruptive business models and approaches that promote women as energy entrepreneurs. This document is a self-reflection, undertaken collectively by the WEE programme coordinator, the partner organizations and the ENERGIA International Secretariat. As a learning document, it seeks to analyse the various strategies with which we have worked in different contexts. It draws out common features of the most promising ones, as well as lessons from efforts that did not go so well, or even failed completely. Since documentation on women’s energy entrepreneurship is only beginning to emerge, wherever relevant, we have crosschecked our lessons with those from women’s entrepreneurship in other sectors."
"This study estimates that social enterprises could create more than 1 million additional jobs by 2030 in the 12 focus countries that have been analyzed. Overall, this would result in a total of approximately 5.5 million direct jobs in social enterprises in 2030. These jobs would be created in existing markets, but also for new markets, thus creating new value chains and many more indirect income opportunities in these countries. The implementation of the interventions recommended in this report are thus an important action to prepare the African continent on future demographic dynamics. In addition, they can also be seen as an important contribution to preserve jobs that have been put at risk because of COVID-19."
"Impact investment is a strategy to align the power of private markets to the social and environmental development needs of society at-large. From 2012-13, the Rockefeller Foundation, through its Impact Investing initiative, funded research in five Sub-Saharan African countries with the aim of understanding the barriers for impact investing across Africa, as well as recommending national policies to encourage the growth of the industry. This report synthesises the findings of that work, presents three frameworks, and examines the potential of impact investing as a 'strategy of choice' for African policymakers."