Private sector success stories from UNDP Country Offices in Africa
Africa has experienced high growth rates over the last 10 years, but this has not translated into higher standards of living for all due to persistent inequality. The private sector can play a major role in eﬀorts to reduce inequality and poverty. For instance, Kenya’s M-PESA mobile service reaches 15 million people in Kenya alone, while South Africa’s SAB Miller brewing company sources ingredients from over 50,000 smallholder farmers. However, in order for private sector interventions to be eﬀective, they must be multi-targeted in approach and engage a variety of stakeholders.
The United Nations Development Program – African Facility for Inclusive Markets (UNDP-AFIM), a programme of UNDP’s Regional Bureau for Africa, is proud to present ‘Private Sector Development Success Stories from UNDP Country Oﬃces in Africa’. This builds upon UNDP-AFIM’s ﬂagship publication, ‘Realizing Africa’s Wealth: Building Inclusive Businesses for Shared Prosperity’, which illustrates the catalytic role of private sector development and inclusive business practices in reducing poverty in sub-Saharan Africa. Each story illustrated demonstrates successful collaboration between UNDP and its partners to promote private sector-led approaches to inclusive and sustainable development across Africa. For example, Malawi demonstrates that UNDP’s partnership with the private sector has the potential to achieve transformative change that combines innovative solutions, capacity development, knowledge sharing and partnerships for development, with the potential to be replicated and scaled-up across the continent.