2017 has been a great year for Afrilanthropy.
Born as a small yet rather ambitious idea in April 2017 by a small group of talented professionals from the development world, it has fast grown into a proper venture, legally established in Luxembourg as a non-profit, with a clear mission of connecting most promising African social business with a wide array of philanthropists and impact investors, and make it easy for the latter to identify, support, monitor and see their investments leveraged by other partners on the ground. Unlike most philanthropic advisory companies, our team is very much Africa based with resident investment advisors from reputable organizations and active players of there countries’ entrepreneurship ecosystems.
The idea has benefited from discussions and input from various high profile, who gave us insightful suggestions on our market niche, modus operandi and of our business model. These include Dennis Whittle, Elena Casolari, Tony Gambino. We would like to thank each and every one of them. We also engaged with over a dozen impact funds, foundations, philanthropic advisors. These discussions enabled us to further refine our business model and test its viability.
In less than 8 months, we had a number of achievements:
- We have grown our country coverage to 9 countries with a prospect of further expansion. In each of these countries we have identified and engaged with at least a couple of most promising social businesses
- We have been selected as one of the most promising start-ups by the European Commission and were invited to showcase our venture at the EU-Africa Business Forum in Abidjan (see on FB)
- We have established a first partnership with OPES, a pioneering impact Fund working on our same niche, and received our first mandate by one the largest European Foundations to identify social businesses in a couple of countries
- We equipped ourselves with key communication material, including this very website and ensuring an active presence on all key social media, Facebook, Linkedin, Twitter
- Last but not least, we have been legally established as a no profit in Luxembourg, betting on a location which holds the promise of becoming a future hub of impact investing and is already home of over 700 Responsible Investing Funds with nearly 200 Bn Assets Under Management
Our 5-year goal is to make Afrilanthropy a truly pan African solution serving most promising social businesses through all corners of the African continent, turning ourselves into “Uber” of venture philanthropy and impact investing in Africa
Our goal for 2018 is to broker financial and/or non-financial support to at least 10 of our social businesses. On average we expect an average investment of 100,000 euro, hence we would like to mobilize 1 Million Euro in various form of financing.
We also want to extend our reach to at least two other countries and establish a number of collaborations, particularly with European foundations.
We also plan to fully develop an online portal one-stop shop for financing and non-financial opportunities for African social businesses and develop a knowledge portal gathering state of the art practical information for all our users guides
Thanks to you all we hope to turn this goal into a reality.
How to help us
- Visit our website and social media and share it with your friends and networks
- Send me your own feedback and suggestion on our venture, its mission and goal
- Sign up to our mailing list and stay up to date with our news
- Share this information with your contacts
- Join us as a social investor, pro-bono advisor, volunteer
Emanuele Santi (Founder and CEO)