Reinventing Capitalism: How Shared Value Creation Can Drive Growth through Social Progress
Shared value has gained traction as a new way for companies to achieve economic success – by positioning social value creation at the center of what they do. Rather than treating societal issues as peripheral, firms can enhance their competitiveness by adopting social value as a core concern. Corporations constitute some of the largest economic entities in the world, and there is massive untapped potential for them to solve problems at scale, often through building a coalition with stakeholders in the public sector. This panel will explore the potential for the shared value approach to drive large-scale societal gains in Africa.
Judy Beals, Director of Private Sector Development, Oxfam America
Judy Beals leads Oxfam America’s Private Sector Team, driving Oxfam’s overall engagement with private sector actors to advance rights-based pro-poor ends, including through advocacy campaigns, multi-stakeholder initiatives, "base of the pyramid" pilots, business and human rights initiatives, and partnerships with Fortune 100 companies.
Judy joined Oxfam’s Private Sector team in 2015. Previously she served for 10 years as Oxfam America’s Campaigns Director where, among other responsibilities, she served as global lead for Oxfam’s "Behind the Brands" campaign which aims to pressure and incentivize the top 10 food beverage companies on social and environmental issues within their supply chains. Most recently, Judy spent a sabbatical year as a resident fellow at Harvard Divinity School where she advanced initiatives to increase religious literacy in global development. Judy is an attorney with more than 25 years of experience in civil and human rights advocacy, public policy development, campaigning, and nonprofit and public management. She has served in the U.S. Senate, as a state Assistant Attorney General, and as a nonprofit CEO. Before first joining Oxfam America in 2005, Judy obtained a mid-career MPA at the Kennedy School of Government, where she focused on nonprofit strategy development.
Henning Ringholz, Director of Market Systems, GOAL
Henning Ringholz is the Director of Market Systems for GOAL, an international development organization with an annual program spend in excess of 200m US$. In this position he initiated and currently leads the private sector engagement, market development and impact investment practice of the organization. GOAL has seen significant growth in this area in the past years and is making a market-driven, entrepreneurial approach a cornerstone of their development practice. As part of this drive, Henning has developed strategic partnerships with large corporations such as Microsoft, as well as supporting projects with small businesses in GOAL’s 19 countries of operation. GOAL is a catalyst for the development of local market systems, supporting small and growing businesses through programs linking them with finance, value chain and IT partners. The organization is also in the process of building an impact investment venture. GOAL is a founding member of INGO impact investment network, which brings together 40+ INGOs, as well as the shared value affinity group, a network of 15 INGOs focusing on the key role partnerships with business can play in development. Henning holds two degrees from Cambridge University and is currently taking a mid-career Masters in Public Administration at Harvard University. He has more than 15 years’ experience in business, entrepreneurship and market-based development.
Ivan Lumala, principal consultant, tellistic technology services
Ivan is a seasoned consultant with over 25 years of technical and business experience in the hi-tech industry. Prior to going into private consulting, Ivan spend 25 years in different technical and business leadership roles at Microsoft Corporation. In his last role at Microsoft, Ivan was the Chief Technical Officer for the Microsoft 4Afrika initiative, an initiative launched 4 years ago, to accelerate Africa’s competitiveness by focusing on Skills development, Innovation, and Access to connectivity and funding. For 3 years as CTO, Ivan served on a cross-functional leadership team tasked with defining a strategy to grow technical and business capability and capacity among high potential startup in Africa. Principally, Ivan was responsible for catalyzing innovation among the local software developer community, and to resource them through technical and business consultancy, and funding as needed for them to create locally relevant, high impact solutions in health, education, government services, and the small and medium enterprise sector. Among his many successes, Ivan nurtured startups that optimized the agricultural value chain across East Africa, invested in fintech / e-commerce platforms in West Africa, and supported innovative solutions in the public sector. His greatest joy was finding likeminded leaders in governments, NGOs, and the public sector, willing to draw from their respective strengths to enable a great idea become reality. As a consultant, Ivan continues to focus developing human capacity in the startup ecosystem in Africa, and to develop business strategies, and partnership that allow startups to successfully launch their solutions, acquire customers, and access funding.
Talya Bosch, partner, the purpose collaborative
Talya Bosch helps ambitious organizations exceed their goals by connecting profit to purpose. Over the years, Bosch has helped unlocknew p otential for Fortune 500 corporations and NGOs such as Aflac, Ecolab, Feeding America, IBM, LG Electronics, PNC Financial Services, The Scotts Miracle-Gro Company, Sodexo, and many more. Prior to joining by The Purpose Collaborative, Bosch was recruited to established the first Social Ventures department and first CR report in Western Union’s 165-year history. At WU, Bosch built Education for Better, a shared value program that grew transactions by triple digits, moved $2.5 billion, underwrote 1M days of education and clinched #2 on Bloomberg’s Civic 50 for three years running. She also co-created the award-winning Our World, Our Family program, a five- year, $50M corporate and foundation commitment to financial inclusion. Ultimately serving as Vice President of Social Ventures, Corporate Communications and Global Events, Bosch was part of WU’s “top 100” with a portfolio spanning 200 countries. She drove thought leadership, cause marketing, and helped boost overall employee engagement 18% in six months during a far-reaching corporate transformation. Her efforts also increased unrestricted workplace giving 136% to nearly 80% of WU’s total employee base, clinching Ethical Corporation’s “Best Employee Engagement” Award. Previously a senior executive in nonprofit and consultancy settings – including Cone and Porter Novelli International – Bosch has led award-winning campaigns that enhanced brand influence, dispelled boycotts, generated more than one billion media impressions, positively positioned companies in new markets, and touched more than eight million lives. As a certified mediator, she brings a background in conflict management, which has proven invaluable in galvanizing the institutional will and “strange bedfellow” relationships essential to results at scale, particularly in complex multi-stakeholder environments. With experience that spans strategy, execution and communications, her work has garnered case studies by Business for Social Responsibility (BSR) and the Harvard Business School. She regularly appears in the media and as a speaker on social impact strategies at events hosted by the Aspen Institute, The Brookings Institution, Business for Social Responsibility, Clinton Global Initiative, FSG Shared Value Summit, Social Innovation Summit, the United Nations, and the U.S. Chamber of Commerce Center for Corporate Citizenship, among others. Bosch has served as an advisor the Clinton Global Initiative on education and as a Hult Prize regional judge. She is a Fellow of the Salzburg Global Seminar, an associate of the Center for Strategic and International Studies and a member of the World Economic Forum working group on financial inclusion. Connect on LinkedIn or Twitter at @TalyaBosch.
Nneka Eze, Associate Partner, Dalberg global development advisors
Nneka Eze is Director, Lagos Office and an Associate Partner at Dalberg, a strategy consulting firm focused on global challenges. She is a market-tested expert on financial services, inclusive growth and sustainable development, and agriculture, with focus on investment analysis, strategic planning, and market research. Having worked in Africa for nearly a decade, she has a successful track record of working with investors, SMEs, multinationals, governments, and foundations. Nneka helped build Dalberg’s operations in Africa, including co-leading Africa Recruiting for several years, and developing and executing recruiting process. She has lived and worked in Nigeria, Kenya, and Senegal and has served clients across the continent. Nneka wrote the business plan for and launched Dalberg’s first office in Nigeria, and leads the firm’s work in-country. She also leads Dalberg’s global agriculture expertise area and is actively invested in an agribusiness firm in Central Africa. Nneka has advised a variety of investors on how to develop shared value in value chains across Africa including cassava, chickpea, cocoa, dairy, and pharmaceuticals, among others. Prior to Dalberg, Nneka worked at McKinsey & Company and Lehman Brothers. She holds an A.B. in Economics cum laude from Harvard.
Battlefield stories: Harambeans and Investors Revealed
Given the inchoate nature Africa's entrepreneurial ecosystem, the dos and don'ts of capital raising across African markets resides not in textbooks, classrooms or YouTube videos, but in the real world experiences of entrepreneurs raising millions of dollars from angels, VCs and institutional investors. Join our off-the-record fireside chat, as accomplished entrepreneurs in the Harambe Entrepreneur Alliance and their investors reveal the secrets of the trade.
Adetayo Bamiduro, Co-Founder, MAX
Adetayo Bamiduro is the Cofounder and CEO of Metro Africa Xpress (MAX) - a Techstars company founded out of MIT. MAX is transforming last-mile delivery and portableacross Africa using mobile/web apps and a crowdsourced workforce. Adetayo studied for his MBA at the Massachusetts Institute of Technology and London Business School. Adetayo is also an Associate of the prestigious Harambe Entrepreneur Alliance - A community of innovators driving entrepreneurial change across Africa. Barely out of college, Adetayo built one of Nigeria’s first Mobile Asset Tracking Platforms, before building a career in Product Management, Management Consulting and eCommerce at multinationals such as the UAC Group, PwC, Nigeria Liquefied Natural Gas, Konga and Dalberg. Adetayo built a reputation for innovation and execution by delivering several mission critical projects, including a Production Optimization Platform that generated $100M in revenue within its first year of launch. In 2014, Adetayo cofounded the logistics franchise of one of Africa’s leading eCommece companies - Konga Express before moving on to found MAX alongside his Cofounder and MIT Alum - Chinedu Azodoh. Adetayo’s mission at MAX is to build high-speed hyperlocal logistics networks that power superfast deliveries for 100 million consumers and businesses across 50 African cities by 2021.
KJ Singh, KJ Director, Techstars, NYC
KJ serves as the Director of Techstars, NYC. In his current role, KJ sources and screens hundreds of startups as a member of the program's selection committee. During the program, he advises companies on product/market fit, growth tactics, fundraising strategies and other strategic issues. Prior to Techstars, KJ was a management consultant with Booz & Company in NYC. Prior to that, he was an investment-banker with Redwood Capital Group, a NYC-based Technology, Media, Telecom focused boutique investment bank. KJ started his professional career with JPMorgan and holds a BBA from the University of Michigan and an MBA
from Columbia Business School.
Yasmin Kumi, Africa Foresight Group
Yasmin Kumi is a Harambean (‘16) and founded Africa Foresight Group (AFG) in 2015 to follow her passion of fostering local economic value creation in Africa. AFG enhances the African business landscape by providing locally accessible, world-class insights and advisory services to grow local companies into global champions. She is the Managing Director of AFG and also serves as the inaugural Executive Director of the Harambe Entrepreneur Alliance, the leading network for young talented entrepreneurs from Africa. AFG currently has offices in London and Accra and serves its clients with a growing team of currently 23 enthusiastic people. Yasmin grew up in Berlin, Germany as the only daughter of a German mother and a Ghanaian father. She worked as a senior business consultant with McKinsey & Company for 5 years gaining extensive working experience in the consumer goods and financial services sectors, the research of family business groups and agriculture, mostly in African markets. Prior to that she was the monitoring & evaluation officer for an agricultural value chain project of the Bill & Melinda Gates Foundation in West Africa. She holds an MBA degree and a Master’s degree in African Studies from the University of Oxford as well as a Bachelor’s Degree from European Business School and Seoul National University.
Elizabeth Nyeko, Co-Founder, Mandulis Energy
Elizabeth Nyeko, is Co-Founder of Mandulis Energy, a renewable energy start-up developing grid and off-grid biomass power projects in Africa. Seeded by Nordic Climate Facility, Norgesvel and Angels, Mandulis Energy was launched in Uganda where a pilot biomass power plant is operational. With subsequent funds from the German development bank KfW, UECCC (Uganda Energy Credit Capitalization Company), among others, Mandulis Energy is scaling he up to 8MW (0.5-1MW x16 sites) off-grid, and a 20MW power plant for the national grid, which once constructed will be the largest biomass gasification power plant in East Africa, creating 6,000 jobs and generating an additional $11million per annum of income for 15,000 farmers selling agricultural waste for power generation. Most recently, the company received a $0.993Million grant from SEFA (Sustainable Energy Fund for Africa), a fund backed by Power Africa and managed by the African Development Bank.
In 2016, Elizabeth was recognized by the World Economic Forum among the “Top 10 Female Innovators in Africa”. Elizabeth was a postgrad research student on the DPhil in Clinical Medicine at Oxford University, when she won the “Future of Science Fund Scholarship” and “Vienna Vaccines Scholarship”. Elizabeth started her career in Investment Banking at Goldman Sachs and Lehman Brothers. She is also founder of www.b-bap.org a UK-registered, not-for-profit that has built a school and runs an annual summer program attended by 3000 children a year, since 2005. She holds an MSc from Oxford University.
Okendo Lewis-Gayle, Chairman, Harambe Entrepreneur Alliance
Okendo Lewis-Gayle is a fellow of hedge fund manager, Glenn Dubin, at the Harvard Kennedy School and the Chairman of the Harambe Entrepreneur Alliance. Harambe is a network of highly educated African entrepreneurs (Harambeans) who have raised capital from prominent investors such as Mark Zuckerberg of Facebook and Steve Case of AOL. Harambeans have been recognized by Vanity Fair, the Economist and the Vatican among others.
Jenna M. O’Brien, Project Manager, IDP Foundation, Inc
Currently serving as the Project Manager of Social Enterprise and Research at the IDP Foundation, Inc., Jenna O’Brien focuses on the development and implementation of IDP Foundation’s social enterprise strategy, identifying how the foundation’s philanthropic capital is utilized to support social entrepreneurs and organizations in emerging markets. Also, Jenna leads external research for IDP Foundation’s programming, impact data collection, and assists in the scaling and expansion of the IDP Rising Schools Program. Jenna has devoted her career to providing children with equal access to education and seeking out innovative solutions that enhance the learning experience for all students, whether they be from the inner-city of Chicago or the rural communities of Ghana and beyond.
Before joining the IDP Foundation, Jenna has taught in higher education, focusing on diversity, retention, and acclimation support programming that targets low-income students of color. In 2009, Jenna co-founded a Chicago-based nonprofit committed to mentoring and assisting young women of color navigate the complexities of attending college. Jenna holds a master’s degree in Higher Education Administration from North Park University, a master’s degree in Multicultural Communications and a bachelor’s degree in Communication, Cultural Studies, and Sociology from DePaul University. When Jenna is not poring over the latest education report or knee-deep in research, she enjoys hanging with her American Labrador Retriever, Dilla and tagging her friends in all the memes.
The Voice of Female Entrepreneurs on the Continent
Traditionally, women have held an important role in African society. As Africa enters a new stage of growth, entrepreneurs have been quintessential in shaping the economy. We will explore how women are able to use their unique place in society to not only participate in this entrepreneurial growth, but also share new products, ideas, and innovations in the business world. Already, Africa leads the world in the percentage of female entrepreneurs and it is important that we share the stories of their successes. Women will be integral in helping Africa experience the next stage of growth and highlighting these achievements will help.
Yasmin Belo Osagie, Co-founder, She Leads Africa
Yasmin is a co-founder of She Leads Africa – a digital media platform that creates career and business focused content and events for millennial African women. She Leads Africa now has a community of over 200,000 internet enabled, urban, millennial, 18-35 women across the continent and in the diaspora. The organization has been featured by the Financial Times, CNN, BBC, Forbes, and more. Prior to starting SLA, Yasmin worked as a consultant at McKinsey & Company. Yasmin graduated from Princeton University with honours in history and is currently completing a JD/MBA at Harvard Law School and Stanford Business School. Yasmin She started SLA with a colleague from McKinsey and the two have since been named by Forbes Africa as 2 of the youngest power women in Africa (2014). They were the first African startup to be invited to ring the closing bell for the New York Stock Exchange and Yasmin was also named by Fast Company as one of the 100 Most Creative People in business (2016).
Taffi Ayodele, Co-Founder and Chief Fit Officer, Thando’s
Mrs. Taffi Ayodele co-founded Thando’s, a Lagos and NY based footwear design and distribution company that provides a platform for African artists’ to co-design shoes for women that are comfortable, convenient, stylish and affordable. Thando’s seeks to have a positive impact on the image of the African continent across the globe. Mrs. Ayodele was the 3 rd place winner for the inaugural She Leads Africa Startup Competition in Lagos and was listed in Forbe’s as one of the 10 Emerging Women Entrepreneurs to Watch in Africa. Thando’s tied for 1st place in the Beta Group at the Diaspora Demo Day pitch competition at the WorldBank in 2015. Mrs. Ayodele holds an MBA specializing in Global Business and Entrepreneurship and a BA in Economics from NYU. She was recently appointed to the Board of Trustees of NYU and serves on the Global Initiatives and Student Life committees. Prior to Thando’s, she served as Director of the Office of Executive Initiatives at the New York State Dormitory Authority (DASNY), one of the nation’s largest issuers of low-cost, tax-exempt bonds and one of its biggest public builders. At DASNY, Mrs., Ayodele developed Authority- wide diversity programs and initiatives to broaden procurement opportunities and increase utilization of women and minority-owned businesses.
Mariama Kabia, Co-founder and CEO, Memunatu Magazine
Mariama Kabia is an entrepreneur driven by social impact. Mariama is Co-founder and CEO of Memunatu Magazine— a non-profit social enterprise committed to empowering teenage girls (10-17 yrs old) across Africa. Memunatu Magazine has been recognized as a Halcyon Incubator Fellowship Winner, Wharton Africa Business Forum Finalist, Harvard Innovation Lab team, Dell Social Innovation Semifinalist Fellowship Winner, and CGI U Commitment to Action. As Co-founder and CEO, Mariama leads unique partnerships including those with 30+ nonprofits, embassies, and student organizations to bring innovative content to girls in need. In 2016, Mariama was selected as a GES+ delegate and one of 12 early- stage entrepreneurs in the social impact category to pitch at the Global Entrepreneurship Summit in Silicon Valley. In 2015, Washington Life Magazine named Mariama one of its “Tech 25” in a special innovators and disruptors issue. Mariama received her Master of Public Policy from Harvard Kennedy School of Government where she served as Co-Chair of the 15th annual Harvard Social Enterprise Conference. Prior, Mariama earned her B.A in International Relations
from the University of Pennsylvania.
Elizabeth Ngonzi, CEO, AFrika Tikkun usa
Elizabeth Ngonzi is the CEO of Afrika Tikkun USA, the North American representative of Afrika Tikkun---- an award-winning organization that since 2004 has successfully delivered innovative social development services to disadvantaged communities, and for which Nelson Mandela served as Chief Patron. Since 2014, she has led the organization’s mission to develop into a next-generation nonprofit--building strategic partnerships and collaborations with individuals, corporations, nonprofits, academia and global organizations. Ms. Ngonzi has over 14 years of teaching and training experience. Since 2009, she has been on the adjunct faculty at New York University Heyman Center for Philanthropy & Fundraising. She served as an Entrepreneur-in-Residence at Cornell University (2011-2013), advising entrepreneurs on developing compelling value propositions for investors. Formerly, she had a boutique consulting firm that connected major organizations across sectors to meet their mutually beneficial strategic objectives.
Ms. Ngonzi is a global public speaker, who frequently addresses audiences about entrepreneurship, women's leadership, philanthropy and technological innovations. She has been featured by and/or quoted in: Black Enterprise Magazine, CCTV America, Crain’s New York Business, The Chicago Tribune, MarketWatch, The South African Broadcast Corporation (SABC), The New York Times, and The Washington Post. Ms. Ngonzi earned a B.S. in Information Systems from Syracuse University and MMH degree in Services Marketing from Cornell University.
sAM ROSMARIN, FOUNDER AND MANAGING PARTNER, INROADS VENTURES
Sam is the Founder and Managing Partner of Inroads Ventures — an investment advisory firm focused on East Africa. Based in Addis Ababa, Sam represents both foreign investors seeking market entry and/or expansion, as well as local firms preparing themselves for foreign investment. His private sector clients have included firms in pharmaceuticals, manufacturing, agro-processing, medical, technology, and a business risk analysis firm. He currently chairs a UN/Ethiopian Government working group on access to finance. Before starting Inroads, Sam worked for the African Development Bank’s Special Envoy on Gender, leading new business development in Ethiopia. Previously he served as the Director of Programs for the Government of Ethiopia’s Economic Policy Analysis Unit, an East Africa-based Gender and Policy Advisor for Oxfam, and a foreign affairs staffer to two Members of the US Congress. Sam holds a MSc. in development from the School of Oriental and African Studies in London.
Amy Sarr Fall , Founder & CEO, Intelligence Magazine