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.
The following interview with Barnaby Nelson (The Value Exchange) & Franziska Reh (Uncap – Unconventional Capital) occurred as a follow-up to the ‘Innovative Financing for Social Entrepreneurs‘ round table discussions in Cairo. SIEMENS STIFTUNG: One of the big issues that we identified during the round table session is the funding gap when it comes to […]
Within the social development sphere, it is common knowledge that social entrepreneurs, who avoid relying on grants or donations, often struggle to scale their business. In a lot of cases, this is because of difficulties accessing tailor-made capital and in finding the “right” investors. It is an experience that we share through our work with […]
In Tanzania, small-hold farmers face a lot of risks. They are disproportionately affected by poverty, severely impacted by climate change, and always the last to benefit from new technology. But, that paradigm is shifting. Farming communities are gaining access to threshing tools and machinery that can help them become more self-reliant with higher yields in […]