Equity for Africa
Encyclopedia
Equity for Africa is a British
charitable trust
which seeks to alleviate poverty
in a self-sustaining way by creating jobs through investing in small and medium-sized enterprises (SMEs) in Africa
, providing capital
which would otherwise not available. In order to do this successfully, EFA also builds the infrastructure
to deploy the capital and monitor the investments made. EFA also aims to create relationships between people and organisations in high income countries (the providers of capital) and Africa (the users of capital) by providing excellent reporting to investors about the SMEs in which their capital is at work and, where value can be added, direct relationships between investors and investee companies.
It was founded by Jeremy Lefroy
, currently Conservative Party PPC for Stafford (UK Parliament constituency)
, Michiel Timmerman, Michael Schluter and Paul Doye. Its website is www.equityforafrica.org. http://www.equityforafrica.org.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
charitable trust
Charitable trust
A charitable trust is an irrevocable trust established for charitable purposes, and is a more specific term than "charitable organization".-United States:...
which seeks to alleviate poverty
Poverty
Poverty is the lack of a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, clothing and shelter. About 1.7 billion people are estimated to live...
in a self-sustaining way by creating jobs through investing in small and medium-sized enterprises (SMEs) in Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
, providing capital
Capital (economics)
In economics, capital, capital goods, or real capital refers to already-produced durable goods used in production of goods or services. The capital goods are not significantly consumed, though they may depreciate in the production process...
which would otherwise not available. In order to do this successfully, EFA also builds the infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
to deploy the capital and monitor the investments made. EFA also aims to create relationships between people and organisations in high income countries (the providers of capital) and Africa (the users of capital) by providing excellent reporting to investors about the SMEs in which their capital is at work and, where value can be added, direct relationships between investors and investee companies.
It was founded by Jeremy Lefroy
Jeremy Lefroy
Jeremy John Elton Lefroy is a British Conservative Party politician who has been Member of Parliament for the Stafford constituency since the 2010 general election.-Education:...
, currently Conservative Party PPC for Stafford (UK Parliament constituency)
Stafford
Stafford is the county town of Staffordshire, in the West Midlands region of England. It lies approximately north of Wolverhampton and south of Stoke-on-Trent, adjacent to the M6 motorway Junction 13 to Junction 14...
, Michiel Timmerman, Michael Schluter and Paul Doye. Its website is www.equityforafrica.org. http://www.equityforafrica.org.