Is there a science in the journey from entrepreneur to philanthropist?

Published: 24 July 2014 | by Danny Tese
Is there a science in the journey from entrepreneur to philanthropist?
Is there a logical process from being a successful entrepreneur to becoming a committed philanthropist?

Charles Harvey, in an article in the Guardian, suggests that "entrepreneurs apply the same rigour and disciplines from the world of commerce to the charitable sector, which suggests there is in fact a science to giving at this level that can be replicated and learned from.

"Entrepreneurs bring business methods and disciplines to philanthropy – they don't like wasting money and like to be focused and planned and their charitable partners to be vetted."

According to Harvey, entrepreneurial philanthropists are actively involved in their projects and assess key performance indicators and rates of return.

Most importantly, these businesspeople don't believe in giving handouts because they believe that people should be empowered to help themselves.

There is an increasing number of philanthropists of African origin and they largely share the qualities mentioned above.


Aliko Dangote On Why He's Stepping Up His Philanthropy


They have the added advantage of having an in-depth knowledge of the culture and this may hopefully take Africa forward as a growing economy based on sustainable business and not charity.

According to Forbes, Africans in the Diaspora remit more more than $52 billion each year and this is more than all other donors combined.

These modern African entrepreneurs and philanthropists have and effectively use the resources, networks and opportunities to a affect greater positive change than ever before.




Entreprenuer and philanthropist Strive Masiyiwa


- Forbes,Guardian,HuffingtonPost

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