Making money and doing good

Business Daily

BBC

News, Business

4.4 • 796 Ratings

🗓️ 4 May 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Social entrepreneurship is often borne out of the need to address social issues, but it is fast becoming a major contributor to economic growth – contributing billions of dollars to global economies and providing millions of jobs whilst maintaining its core altruistic values of making the world a better place.

We meet Zimbabwean born Max Zimani – who runs an African/Middle-Eastern restaurant in Slovenia, created out of the need for inclusion of the migrant communities in an homogenous society like Slovenia. Skukhna offers a global cuisine and brings communities together through exotic dining.

Simona Simulyte is a serial entrepreneur and CEO Tech4Good. She runs an ecosystem in Lithuania that brings together people with ideas for social businesses, provides mentorship and help source for funds which enables these start-ups become self-sufficient.

And Moses Onitilo is the co-founder of a company known as Jamborow - a blockchain driven fintech platform focused on financial inclusion and grassroot empowerment, specifically targeting the unbanked and the lower income and rural communities within Africa.

The Jamborow eco-system cuts across seven African countries including Nigeria, Sierra Leone, Liberia, Botswana, Tanzania, Kenya, and Uganda

Presenter/producer Peter MacJob

(Image: These members of a small savings group in Kenya now have access to e-wallets via mobile phones. Photo Credit: Moses Onitilo)

Transcript

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0:00.0	The Global Jixo is the new podcast from BBC Monitoring, the BBC team tracking and analyzing media in 100 languages.
0:09.1	We're lifting the language barrier, showing you the world through the eyes of its media, where conflicting narratives are competing to influence your views.
0:18.5	Search for the global jigsawaw wherever you get your BBC podcasts.
0:22.7	Today we're looking at the business of good, how the quest to make the world a better
0:27.9	place can actually lead to a profitable business opportunity.
0:31.3	We get a fund, a grant, which we can redistribute for our startups.
0:38.2	Should social change be at the heart of our businesses?
0:41.5	When you have 400 million under South adults in Africa,
0:45.1	we believe that if we can turn that around and make people more financially inclusive,
0:50.0	we can start eradicating some of the poverty situations that belies people in the grassroots.
0:56.5	I'm Peter McJobb. Welcome to Business Daily on the BBC World Service.
1:03.4	A lot of people go into business for a variety of reasons.
1:07.1	But oftentimes, the aim is to provide goods or services backed up with some market research with the expectations of making a profit.
1:15.8	Sometimes, though, the business comes to you in the most unusual circumstances.
1:34.4	Max Zimani is the CEO of Skokna, a restaurant in Slovenia. But what's the backstory?
1:35.9	Skokna means world cuisine in Slovenian.
1:41.2	We started together with my partner 10 years ago. I had lived in Slovenia for a while
1:46.8	and had been involved in many projects whose aim was to empower the migrant population, especially
1:55.1	those ones from the global south. So in 2011, there was a funding opportunity for social businesses. We applied and were
2:04.4	awarded a grant, which we used to start the business. And the aim was to increase the employability
2:11.9	of migrants from the global South. Where did you get the idea from, the thought of setting up a kitchen in a place like
2:20.3	Slovenia? What inspired that?
	...

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