LEAP Africa: Experts Advocate Solutions to Critical Social Challenges in W’Africa

Sunday Okobi

Experts at this year’s LEAP Africa 11th edition of its Social Innovators Programme and Awards (SIPA) have advocated the advancing of catalytic solutions to critical social challenges in West Africa.

 At the event, which has the theme: ‘Actions to Deepen Catalytic Capital in West Africa’, held at the prestigious West Africa Deal Summit at the Civic Centre, Victoria Island, Lagos, many thought leaders, impact investors, and social innovators from across the region were all focused on ways and solutions to critical social challenges in West Africa.

The Social Innovators Programme, a LEAP Africa initiative, was also set up to celebrate young change makers by equipping them with essential skills and resources to establish sustainable social enterprises. Twenty social innovators from across Africa were welcomed into the programme, marking another milestone in LEAP Africa’s commitment to fostering impactful, long-term social change.

At the event, the Chairperson of the Nigerian National Advisory Board for Impact Investing, Mrs. Ibukun Awosika, used the opportunity to address participants’ questions emphasising the critical importance of embedding social equity and local insights into their enterprises.

According to her, “To create lasting impact, the best business model must directly solve a real problem and offer an economically viable solution.”

She stressed further that meaningful change emerges when ventures are not only profitable but deeply relevant to the communities they serve.

Awosika also encouraged participants to advocate strategically, saying: “In advocating, fight intelligently and with purpose. Be clear about the change you seek and approach it with both insight and resolve.”

 Also, the Board Chair of LEAP Africa, Mrs. Clare Omatseye, highlighted the importance of showcasing Africa’s pioneering social innovators, who are making transformative impact across the continent.

“We are incredibly proud to showcase Africa’s trailblazing social innovators who are transforming communities across the continent. By empowering these leaders and strengthening connections with impact driven investors, we are catalysing a future of sustainable, inclusive growth for Africa,” she stated.

The sessions offered deep insights into effective funding strategies, opportunities for scaling social ventures, and the vital role of collaborative action in addressing pressing issues.

Meanwhile, Kehinde Ayeni, Executive Director of LEAP Africa, commended the forward looking partnership between LEAP Africa and the Impact Investors Foundation, which he said enhanced SIPA’s impact this year, saying, “Our partnership with the Impact Investors Foundation has amplified the impact of SIPA 2024, spotlighting the strength of collaborative efforts in advancing social innovation. Together, we are not only celebrating the achievements of Africa’s young social innovators but also channelling resources and networks that drive sustainable, large scale impact. This collaboration attests to the transformative potential of organisations uniting for a common cause.”

Also, outstanding Fellow Awards were given to Asiimire Justine, and Adaeze Akpagbula for their commendable solutions to localised challenges. The Innocent Chukwuma Award for Youth and Gender Empowerment in South-east region was received by Uche Udekwe for his work through Natal Care and The Seyi Bickersteth Award for Financial Accountability was awarded to Mago Hasfa for upholding financial accountability, transparency and sustainability in her social enterprise.

One of the award winners, Magos Hasfa, expressed her gratitude to LEAP Africa for the invaluable platform provided through the Social Innovators Programme. “I am immensely grateful to LEAP Africa for giving us this incredible opportunity to pursue our dreams and amplify our impact,” she shared.