News from Uganda

ANA CARRERAS

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Open Value Foundation

The coronavirus knows no borders and, seeing its progression and initial consequences in Spain, we asked the project managers we support in Uganda to tell us how they saw the situation from there.

Many of our projects are aimed at combating poverty and contributing to sustainable development in East Africa. Upon seeing the progression of the pandemic and its initial consequences in Spain, we contacted the project managers with whom we are involved in Uganda to ask them how they saw the situation and what we could do for them.

The outbreak is spreading at a slower rate in the African continent with respect to the rest of the world. Specifically, in Uganda, 97 coronavirus infections have been confirmed to date, as explained in this La Vanguardia article. There, the government has implemented various measures to contain the virus's spread, including closing borders, restricting movement, and suspending classes, among other actions.

One of the projects we support from OVF is Shona, an accelerator aiming to strengthen Uganda's social entrepreneurship ecosystem by boosting companies working for the sustainable development of their communities. Its CEO, Joachim Ewechu, says he is satisfied with the government's measures to curb the spread of the virus, and tells us that Uganda already had experience in similar situations due to the Ebola outbreaks that have taken place in the country in recent years, although he believes they must not be complacent and must remain vigilant, as the country's healthcare infrastructure is insufficient.

Furthermore, despite the Ugandan government's actions to prevent the spread of the virus appearing to yield results, it must not be forgotten that containment measures have serious socioeconomic consequences on the day-to-day lives of very many people. Many Ugandan families who depend on their daily earnings for a living are suffering greatly, as they are unable to generate any income.

This is precisely what they are also telling us from África Directo, an organisation with which We have been supporting projects in Uganda for years.. “We must not minimise the consequences of the pandemic in these countries; many people are at risk due to the lack of economic activity stemming from the restrictions to contain the spread of the virus,” states José María Márquez, the organisation's director.

This is what is happening to people who depend on street vending and live off daily profits, who have been left with nothing., as Guillermo Arribas, a volunteer for África Directo in the country, recounts. Furthermore, the virus has also affected many businesses, and it is estimated that 40% have been forced to close, resulting in job losses.

At the same time, NGOs have found their activities limited due to containment measures, although Africa Directo has managed to adapt quickly to the situation, reaching an agreement with government authorities to continue carrying out activities that are crucial and fundamental for people, such as those related to food and health.

From SHONA, Joachim tells us, they have also been able to adapt their services to continue meeting needs at this time. They are supporting many people, providing them with free support to develop business continuity plans and carrying out training sessions on financial management and business restructuring. They are also paying attention to the social enterprises they support, focusing on their specific needs during this period. Some businesses have to continue because they provide essential services, while others have been forced to reduce their working hours or lay off their employees.

Despite all these circumstances, what has most caught Joachim's attention has been the continued optimism of some of these entrepreneurs, who continue to see and seek new opportunities for their businesses during this time.

Looking ahead, we want to join Joachim and the Ugandan social entrepreneurs and maintain optimism. Following the control of the epidemic's spread, its economic impact needs to be addressed. We hope that, over the coming weeks, the lockdown will be eased and the economy will begin to recover so that all individuals and families who have been hit by the crisis can move forward.

We open
opportunities

We open sustainable economic opportunities in Sub-Saharan Africa and Spain, combining strategic donations and impact investment.
with the purpose of improving the livelihoods of the most vulnerable people.

Impact investment

Our aim is to help social enterprises and organisations become profitable and scale up their impact by providing patient capital, technical support and partnerships.

Strategic Philanthropy

We fund projects that align with our purpose, focusing resources on job creation for individuals with fewer opportunities, which in some cases can be transformed into loans and generate returns.

Our Programmes

Acumen Academy Spain

Acumen Academy Spain

It is a training programme in social leadership that aims to foster a new generation of change agents who are challenged to solve society's most complex issues, providing them with tools and resources to help them develop new solutions and build a more just, inclusive and sustainable world.

who are already part of this community
0 fellows
created in Spain in recent years
0 cohorts

Our Programmes

Foundation Fund

Foundation Fund

It is an initiative aimed at encouraging non-profit organisations to allocate part of their capital or budgets to strengthening high-impact projects through venture philanthropy and impact investment. To this end, they have a training programme and an investment vehicle for joint investment.

in the investment vehicle
+ 0 foundations
in different Spanish social enterprises
+ 0 k invested

Driving the impact ecosystem in Spain and beyond

Since 2017, María Ángeles León has played a key role in promoting a culture of purpose-driven and financially disciplined investment.



Her leadership has helped to change the way in which capital is mobilised for social change, not only as a funding tool, but as a driving force for transformation.

Open Value was founded on a long-term commitment to making a difference by its founders, María Ángeles León and Francisco García Paramés. For more than 25 years, they have dedicated part of their personal wealth to initiatives that improve the lives of vulnerable communities, particularly in sub-Saharan Africa.

Initially, through traditional philanthropy, they later adopted more sustainable approaches, inspired by pioneers like Acumen and Yunus Social Business. That journey gave rise to the Open Value Foundation (OVF) in 2017.

We open minds

Our work goes further; we understand that to generate real change, we must shift mindsets and create knowledge about the effectiveness of our model.

We unlock and mobilise capital for social impact investment and Venture Philanthropy, opening new doors and weaving strategic collaborative networks.

We open
opportunities

We open sustainable economic opportunities in Sub-Saharan Africa and Spain, combining strategic donations and impact investment.
with the purpose of improving the livelihoods of the most vulnerable people.

Impact investment

Our aim is to help social enterprises and organisations become profitable and scale up their impact by providing patient capital, technical support and partnerships.

Strategic Philanthropy

We fund projects that align with our purpose, focusing resources on job creation for individuals with fewer opportunities, which in some cases can be transformed into loans and generate returns.

We open
minds

Our work goes further; we understand that to generate real change, we must shift mindsets and create knowledge about the effectiveness of our model.

We unlock and mobilise capital for social impact investment and Venture Philanthropy, opening new doors and weaving strategic collaborative networks.

Impact Stories – Minds

The global school for social change pioneering in Spain

The global school for social change pioneering in Spain

Acumen Academy Spain

It is a training programme in social leadership that aims to foster a new generation of change agents who are challenged to solve society's most complex issues, providing them with tools and resources to help them develop new solutions and build a more just, inclusive and sustainable world.

fellows
0
cohorts
0

We unlock and mobilise capital for social impact investment and Venture Philanthropy, opening new doors and weaving strategic collaborative networks.

We open
minds

Our work goes further; we understand that to generate real change, we must shift mindsets and create knowledge about the effectiveness of our model.

We open
opportunities

We are committed to a long-term approach with social entrepreneurs to help their initiatives grow through a hybrid financial model that combines grants with other impact investment instruments and technical assistance.

Impact Investment

Our aim is to help social enterprises and organisations become profitable and scale up their impact by providing patient capital, technical support and partnerships.

Strategic Philanthropy

We fund projects that align with our purpose, focusing resources on job creation for individuals with fewer opportunities, which in some cases can be transformed into loans and generate returns.

Impact Stories – Minds

We form, invest in, and support social projects to generate social impact.

We form, invest in, and support social projects to generate social impact.

Foundation Fund

It is an initiative aimed at encouraging non-profit organisations to allocate part of their capital or budgets to strengthening high-impact projects through venture philanthropy and impact investment. To this end, they have a training programme and an investment vehicle for joint investment.

in the investment vehicle
+ 0 foundations
invested
+ 0 k

Impact Story – Strategic Philanthropy

Transforming school nutrition, strengthening communities.

Transforming school nutrition, strengthening communities.

Plumbee, Kenia

Social enterprise that produces nutritious porridges for school-aged children using local crops, especially
pumpkins
cultivated by women farmers. Their model improves child nutrition while generating income and training opportunities for the producers. The company is building a large-scale plant to expand its reach and distribute its food in schools and local retail outlets.

trained women farmers
+ 0 women
they have received their nutritious food
0 children

Impact Story – Impact Investment

Access to housing for vulnerable groups.

Access to housing for vulnerable groups.

Primero H, Spain

It is Spain's first social SOCIMI, created to increase access to affordable rental housing for people experiencing housing vulnerability and homelessness, combining impact investment with social action to develop a stable portfolio of decent homes.

where people who were previously homeless now live.
0 Housing
invested
0 millions €

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We open
minds

Our work goes further; we understand that to generate real change, we must shift mindsets and create knowledge about the effectiveness of our model.

We unlock and mobilise capital for social impact investment and Venture Philanthropy, opening new doors and weaving strategic collaborative networks.

We open
opportunities

We open sustainable economic opportunities in Sub-Saharan Africa and Spain, combining strategic donations and impact investment.
with the purpose of improving the livelihoods of the most vulnerable people.

Impact investment

Our aim is to help social enterprises and organisations become profitable and scale up their impact by providing patient capital, technical support and partnerships.

Strategic Philanthropy

We fund projects that align with our purpose, focusing resources on job creation for individuals with fewer opportunities, which in some cases can be transformed into loans and generate returns.