Business leaders from across the continent and beyond are set to convene in Nairobi, Kenya for the 2019 edition of a high profile event known as the Africa Shared Value Summit.
Each year, the Summit brings together some of Africa’s most influential business leaders to develop the conversation around how business can create sustainable profit through a commitment to social impact.
The 2019 edition of the event has been described as an opportunity for other East African companies to come on board as sponsors and position their brand as a Shared Value thought leader in Africa.
The annual affair is set to bring together some of Africa’s brightest leaders to discuss how business can tackle social issues through the Shared Value business model. The 2019 Summit will take place on the 23rd and the 24th of May, 2019, tackling the topic of collaboration, building Shared Value ecosystems and how collective impact can drive Africa’s economic growth.
The Shared Value business model is at base a competitive strategy that leverages societal and environmental challenges to enable businesses to discover new opportunities, optimise their value chain and build ecosystems that build mutual growth for all stakeholders in a community, country or region.
The Africa Shared Value Summit raises awareness and advocates for the successful strategic implementation of the Shared Value business model, ‘profit with purpose’ in Africa. In 2019, the Summit tracks will centre on four of Africa’s most important industries: agriculture, healthcare, manufacturing and green energy. As in previous years, purposeful alignment with the UN Sustainable Development Goals will be a major theme.
“The only way we will realise those Goals is by engaging the private sector, not only as philanthropists but as businesspeople trying to build businesses that can scale and be sustained and solve these problems,” said world-renowned Economist, Mark Kramer, who will be returning next year as a featured speaker. Kramer is the Co-Creator of the Shared Value business model, Managing Director of consulting firm, FSG and the author of influential publications on Shared Value, collective impact, strategic evaluation, and impact investing.
Shift Social Development and the Shared Value Africa Initiative, the organisers of the Summit, have also announced the first headline sponsor of the 2019 event, Safaricom, a Kenyan telecommunications powerhouse. Through a dedicated, top-down approach to implementing Shared Value throughout their business operations, including constant innovation of new products and services and a commitment to supporting ethical businesses throughout their supply chain, the company contributes 6.5% of Kenya’s GDP.
“Sustainable business make good business sense not just because it results in profit, but more importantly, uplifts communities. Commercial, business-driven approaches are required to create the lasting economic growth needed to address social needs and empower communities,” noted Safaricom Chairman and Non-Executive Director Nicholas Nganga. He was speaking at the past launch of the 2018 Safaricom Sustainable Business Report.