Tag: social value

A recent article by Nieuwenhuizen, C. (2022) titled Female social entrepreneurs in Africa creating social value through innovation published in Entrepreneurship and Sustainability Issues shows that a significant number of female social entrepreneurs in Africa possess post-school qualifications, indicating that they have pursued higher education or specialized training beyond their basic schooling. This educational background might have provided them with the necessary skills, knowledge, and expertise to effectively manage and lead social entrepreneurial ventures.

The article is about female social entrepreneurs in Africa who create social value through innovation in various fields such as education, health, environment, and economic development. The article uses Schumpeter’s typology of innovation and Hamel and Breen’s hierarchy of innovation to analyse the types and levels of innovation of the female social entrepreneurs. The study aimed to identify the types and levels of innovations and the business categories of Female Social Entrepreneurs in Africa (FSEAs) and to determine how these FSEAs create social value in their societies. The majority of FSEAs are in Education and Learning (30), Development and Prosperity (30), and Health and Fitness (21). The Schumpeterian type of innovation of the majority is Opening of New Markets (78) and Introduction of New Products or Services (46). The Hamel and Breen’s level of innovation of the majority of FSEAs is Product and Service Innovation (114). The study found that the FSEAs identified and addressed important challenges in their communities through various types of innovation. This process created valuable social contributions to their communities, the broader society and, in some instances, other African countries.

Importantly, the article finds that most of the female social entrepreneurs have post-school qualifications, introduce new products or services or open new markets, and engage in product and service innovation. The article also provides examples of how the female social entrepreneurs address important challenges in their communities and create valuable social contributions through their innovations

Additionally, the article highlights that many female social entrepreneurs are involved in introducing new products or services to the market. This implies that they are not only focused on conventional business practices but also have a drive to create innovative solutions that address social or environmental challenges. By introducing novel products or services, these entrepreneurs contribute to solving pressing societal issues in unique ways.

AWIEF Awards 2023

In this light, the AWIEF Awards are annual awards that celebrate women entrepreneurs and business owners in Africa for their achievements and social impact. The awards cover 8 categories that reflect AWIEF’s core areas of innovation, technology, entrepreneurship, leadership, and socio-economic development. The nominees should be emerging or established female entrepreneurs in the private or not-for-profit sectors who have demonstrated outstanding vision, leadership and inspiration. The winners will be announced and celebrated at the AWIEF2023 conference in Kigali, Rwanda on 9 and 10 November 2023. The nominations are open until 31 July 2023 and can be self-nominated or nominated by someone else.

Challenges facing FSEAs

The challenges faced by Female Social Entrepreneurs in Africa (FSEAs) include lack of access to funding, adverse social and cultural norms, limited access to capital and assets, lack of a support network and other social and self-limiting factors. Despite these challenges, FSEAs identified and addressed important challenges in their communities through various types of innovation empowered by Post-school Education and Qualifications. This process created valuable social contributions to their communities, the broader society and, in some instances, other African countries.

In conclusion, the article by Nieuwenhuizen highlights the significant contributions of female social entrepreneurs in Africa who possess post-school qualifications and employ innovative approaches to address crucial challenges in their communities. These entrepreneurs play a crucial role in creating social value and positively impacting various sectors, such as education, health, and economic development. Their involvement in introducing new products and services demonstrates their commitment to finding unique solutions to pressing societal issues. However, FSEAs face several challenges, including limited access to funding and cultural barriers. Despite these obstacles, their determination and higher education background empower them to make valuable social contributions. The upcoming AWIEF Awards in 2023 acknowledge and celebrate the achievements of these remarkable women, inspiring further progress in the region.