Yesterday, UK Deputy High Commissioner Susie Kitchens was among the speakers at the Kenya Impact Dialogue, exploring ways of supporting Kenya’s growing young population by creating an Impact Economy.
The Impact Economy is a new market force underpinned by public and private companies, entrepreneurs and investors that strive to achieve an intimate connection between profit and purpose. Well-established, large-scale businesses are increasingly seeing the connection between financial success and social responsibility.
New enterprises are also pursuing business opportunities that will both generate profit and address endemic social problems. With a rapidly expanding market and an increasing number of participants, the idea of “impact” as an economic force has hit the mainstream.
— Susie Kitchens (@SusieKitchens) December 10, 2018
During her presentation, Ms Kitchens warned Sustainable Development Goals (SDGs) are facing an annual investment gap of $2.5 trillion, but as a regional hub for
#Kenya as regional hub for impact investment, Kenya has great opportunity to shape the landscape.
She added that Impact Investment needed to be measured to drive forward the equitable march of progress, to drive prosperity and security.
“There is an opportunity to shape Kenya’s landscape and Kenya needs bankable projects that are investment ready. The UK has a number of funding instruments that can help with this,” the Deputy High Commissioner said during the event at the Radisson Blue Hotel in Nairobi.