German NGO Impacc Plans to Invest Over R2m in Social Businesses in Africa

German NGO Impacc Plans to Invest Over R2m in Social Businesses in Africa

A German non-profit organisation is looking to invest in social startups that have the potential to create green jobs

- The NGO plans to provide smart equity investment to social businesses from disadvantaged communities in Africa

- On top of financial support, Impacc will also provide qualifying companies with mentorship from key industry professionals

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A non-profit organisation based in Germany recently revealed its plans to invest in social businesses in the African continent. The NGO called Impacc wants to provide smart equity investment of between $30 000 and $150 000 (R2 million) to businesses with sustainable, high impact solutions to social, economic and environmental challenges affecting poor communities in the continent.

The NGO aims to build social businesses where markets are not structured. It then teams up with local companies that have the potential to create green jobs. It uses a franchise approach.

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German Ngo Impacc Plans to Invest Over R2m to Social Businesses in Africa
A German NGO called Impacc plans to invest over R2m to social businesses in Africa. Image: Impacc
Source: Facebook

The NGO has been using social media to make qualifying businesses aware of its mission. Disrupt Africa reports that the move by Impacc to invest in social startups aimed at transforming the local ecosystem by leveraging on the disruptive power of innovative local products and services as a driver for inclusive and sustainable growth.

In addition to the financial support, successful applicants will also get mentorship from key industry experts and coaches, and access to the Impacc network.

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In other news, Briefly News reported that a group of Capitec bank employees really have a knack for producing entertaining clips and a recent video that popped up on our timelines has proved this.

In the clip, the employees appear to be having a normal day. Just a few seconds into the clip, everything takes a funny turn as they all jump up, stop what they're doing and suddenly start doing bizarre dance moves as if they were intoxicated and in a club or bar.

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"What is happening at Capitec?" a local amused man asked.

Other amused South Africans could not help but take to the comment section where they laughed out loud at how bizarre the clip is. Read a few of their funny comments below:

Brra Martin said:

"I love the challenge, ke bolaya ke ole wa steps."

Katherine Matjeni said:

"No wonder di chelete tsa rona di tsamaya corner to dry coz bona ba dlala"

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