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Africa Shared Value Summit to take place in Kenya’s capital in May

Devdiscourse News Desk | Nairobi | Updated: 16-05-2019 17:04 IST | Created: 16-05-2019 17:04 IST
Africa Shared Value Summit to take place in Kenya’s capital in May
Though hardly new, the Shared Value concept has gained prominence in recent years as more businesses begin to question their role in improving livelihoods and uplifting communities. Image Credit: Twitter / Africa Shared Value Summit

The 2019 Africa Shared Value Summit will bring business leaders and sustainability experts from across Africa at one podium to Kenya's capital, Nairobi between May 23 and 24.

The summit will see delegates discuss the evolving role of business within a rapidly changing socio-economic landscape, and how businesses can integrate the Shared Value principles for inclusive and sustainable growth.

The summit that brings together business thought leaders and change makers is aimed at raising awareness and advocating for the success of the strategic implementation of the Shared Value business model of profit with purpose.

"Through the summit we hope to widen the Shared Value audience and bring together a broader African stakeholder group into the conversation. The reality is that Governments alone cannot address the challenges that face the African continent. The summit will offer the private sector an opportunity to see how their business solutions, products and services can solve societal challenges while generating profit", Chief Executive Officer of Safaricom, Bob Collymore opined.

Though hardly new, the Shared Value concept has gained prominence in recent years as more businesses begin to question their role in improving livelihoods and uplifting communities.

Shared Value is a management strategy in which companies find business opportunities in social problems through products addressing unserved or underserved customers, changing practices in the value chain to drive productivity and improving the available skills, supplier base, and supporting institutions in the communities where a company operates.

Among the companies that have sponsored the summit, include Safaricom, KCB, Old Mutual, Absa, among others. Attendees will also engage with Mark Kramer, the renowned business professor from Harvard Business School and the co-author of the Shared Value principle who will attend the event.

With inputs from agencies.

Also Read: Transform Africa Summit: Humanoid robot Sophia has a message on artificial intelligence


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