WeTu Steps Up Social Entrepreneurial Approaches in East Africa
Siemens Stiftung launched WE! Hub Victoria Ltd, Kenya, a social enterprise on the shores of Lake Victory in March 2019. In Swahili “WeTu” means “ours” and true to its spirit – the enterprise aims to create self-sustaining business operations for the community. The fundamental business is to support crucial basic supply areas by selling and dispensing safe drinking water, renting specially designed solar lanterns for fishing, and delivering e-mobility solutions. The enterprise will also train locals on health and hygiene, business processes, and improve technical skills to sustain the venture for the long run.
In this post, we highlight an interview of Siemens Stiftung’s newest report “How Digital Solutions May Enhance Social Financing” with Huseyin R Demirhisar, CEO, Co-founder and Managing Partner of the BiD Network.
In this post, we highlight an interview conducted with Henri Nyakarundi, Founder of African Renewable Energy Distributor (ARED), which originally appeared in Siemens Stiftung’s newest report ‘How Digital Solutions May Enhance Social Financing’.
There is no event, publication or discussion about social financing that doesn’t point to the mismatch between the provision of capital supposedly designated to create impact and the financing needs of social enterprises. Innovative forms of financing have been designed in the last years, including patient capital, crowdfunding or social impact bonds, and the amount […]