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Understanding and optimising the social impact of venture capital: Three lessons from Ghana 理解和优化风险资本的社会影响:来自加纳的三个教训
Q2 Social Sciences Pub Date : 2018-11-12 DOI: 10.4102/AEJ.V6I2.335
C. Barnett, E. Jackson, P. O'Flynn, Hamdiya Ismaila, Coleman Agyeyomah
Background:  Mobilising investment for sustainable development is a priority for many African governments and their international allies. There are many claims about the social impact of investments in small and growing businesses, and yet these mostly focus on good news stories or a narrow set of metrics (jobs created, tax revenue, etc.). There are relatively few studies that consider the diversity of social impacts, particularly in an African context. Objectives:  The aim of this research was to work collaboratively with investors in Ghana to better understand social change and contribute to their own work on improved performance and reporting. Method:  Using a theory-based examination of social impacts, the research purposively selected a subset of 13 investments from the Venture Capital Trust Fund (VCTF) in Ghana. Theories of change were used to explore the available documentation, triangulated with insights from fund managers, entrepreneurs, senior managers and, where possible, employees. The findings were validated with VCTF staff. Results:  While the research demonstrated the usefulness of a theory-based approach, it found it helpful to develop a smaller set of typologies to capture different impact pathways – a more efficient way to assess and report on social returns. In particular, the research highlights how commonly used metrics like job creation undervalue the social impact of some types of investment. Other lessons also included the value of rural businesses (not typically favoured by venture capitalists) and the potential to further extend impacts to lower income groups, but that this required real intent and leadership on the part of investors and entrepreneurs. Conclusion:  We conclude that further research is merited on two fronts. Firstly, research into the scale of the small and medium enterprises and the associated investment required to support the operating costs to really manage, improve, monitor and evaluate social impact. And secondly, further field testing of different evaluation techniques to help stakeholders better understand and improve the social benefits of venture capital.
背景:调动投资促进可持续发展是许多非洲国家政府及其国际盟友的优先事项。关于小企业和成长型企业投资的社会影响,有很多说法,但这些说法大多集中在好消息故事或一套狭隘的指标(创造的就业机会、税收收入等)上。考虑到社会影响的多样性的研究相对较少,特别是在非洲的背景下。目的:本研究的目的是与加纳的投资者合作,更好地了解社会变化,并为他们自己改善绩效和报告的工作做出贡献。方法:利用基于理论的社会影响检验,本研究有目的地选择了加纳风险投资信托基金(VCTF) 13项投资的一个子集。变革理论被用来探索现有的文件,并与基金经理、企业家、高级管理人员以及(如果可能的话)员工的见解进行三角分析。调查结果得到了VCTF工作人员的证实。结果:虽然研究证明了基于理论的方法的有效性,但它发现开发一套较小的类型学来捕捉不同的影响途径是有帮助的——这是一种更有效的评估和报告社会回报的方法。该研究特别强调,就业创造等常用指标低估了某些类型投资的社会影响。其他经验教训还包括农村企业的价值(通常不受风险资本家的青睐)以及进一步将影响扩大到低收入群体的潜力,但这需要投资者和企业家的真正意图和领导。结论:我们得出结论,在两个方面值得进一步研究。首先,研究中小企业的规模和支持其运营成本所需的相关投资,以真正管理、改善、监测和评估社会影响。其次,进一步对不同的评估技术进行实地测试,以帮助利益相关者更好地理解和提高风险投资的社会效益。
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引用次数: 4
Conversations about measurement and evaluation in impact investing 关于影响投资的测量和评估的对话
Q2 Social Sciences Pub Date : 2018-10-31 DOI: 10.4102/AEJ.V6I2.332
Amreen Choda, Mishkah Teladia
In response to the enduring social, economic and environmental challenges facing the African continent and its population, development interventions are evolving to embrace new approaches, new partnerships and new means of achieving impact. One such area of heightened innovation and growing activity is impact investing. Impact investing is defined as investments made with the intention of generating both financial return and social or environmental impact. As this momentum in impact investing grows, a complementary area of activity has started to put down roots in Africa – social impact measurement.Genesis Analytics curated and managed the Innovations in Evaluation strand at the recent African Evaluation Association Conference, convened in Uganda in March 2017. This strand was supported by the Rockefeller Foundation and aimed to ignite conversations between impact investment stakeholders and evaluators focused on the African experience with social impact measurement.This article presents themes emerging from the presentations and conversations within the Innovations in Evaluation strand. The article begins with a brief explanation of the rise of impact investing, globally and within Africa, and then goes on to explain the structure of the Innovations in Evaluation strand. This strand included small group discussions and a think tank, which enabled sharing of ideas and experiences between strand participants. The article, therefore, documents the issues emerging during these discussions, including exploration of the concept of impact measurement and how this understanding differs across stakeholders, the currency of impact measurement and emerging practice.The article concludes with presenting what stakeholders and evaluators need to jointly explore to ensure that the African experience is well represented as the impact measurement movement continues to gain momentum globally.
为了应对非洲大陆及其人口所面临的持久的社会、经济和环境挑战,发展干预措施正在演变为采用新的办法、新的伙伴关系和实现影响的新手段。影响力投资就是其中一个创新增强、活动不断增加的领域。影响力投资被定义为以产生财务回报和社会或环境影响为目的的投资。随着影响力投资势头的增长,一个互补的活动领域已开始在非洲扎根——社会影响衡量。在2017年3月于乌干达召开的非洲评估协会会议上,Genesis Analytics策划并管理了评估方面的创新。这一环节得到了洛克菲勒基金会的支持,旨在激发影响力投资利益相关者和评估人员之间的对话,重点关注非洲在社会影响衡量方面的经验。这篇文章展示了从评估中的创新链中的演示和对话中出现的主题。本文首先简要解释了全球和非洲内部影响力投资的兴起,然后解释了评估创新链的结构。这一环节包括小组讨论和智囊团,这使得参与者之间能够分享想法和经验。因此,本文记录了在这些讨论中出现的问题,包括对影响测量概念的探索,以及这种理解在利益相关者之间的差异,影响测量的货币和新兴实践。文章最后介绍了利益相关者和评估人员需要共同探索的内容,以确保在影响测量运动继续在全球范围内获得动力的同时,非洲的经验得到很好的体现。
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引用次数: 7
The next frontier for measurement and evaluation: Social impact measurement for impact investing and market solutions 测量和评估的下一个前沿领域:影响投资和市场解决方案的社会影响测量
Q2 Social Sciences Pub Date : 2018-10-30 DOI: 10.4102/AEJ.V6I2.342
Shawna A. Hoffman, Veronica Olazabal
Having invested in the architecture for the field of impact investing, and consistent with its long-standing commitment to advancing development and prosperity in Africa, The Rockefeller Foundation is proud to support this special edition of the  African Evaluation Journal  focused on social impact measurement in Africa.
洛克菲勒基金会投资于影响力投资领域的架构,并长期致力于促进非洲的发展和繁荣。洛克菲勒基金会很自豪地支持《非洲评估杂志》的特别版,重点关注非洲的社会影响衡量。
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引用次数: 6
Measuring our investment in the future 衡量我们对未来的投资
Q2 Social Sciences Pub Date : 2018-10-29 DOI: 10.4102/aej.v6i2.343
S. De Witt
Global consensus has been built around a few key issues, and there have been a slew of unifying declarations and commitments as a result. The climate is changing and those countries in the Paris Accord have committed to reducing carbon output in an attempt to slow it down. The world is inequitable and unstable, and those countries signed up to the United Nations Sustainable Development Goals have identified 17 areas in which we need to address global development. It is also becoming clearer to the person on the street that capital markets are not as effective at allocating risk as believed and this is putting everyone in danger. The financial crises over the last few decades are examples of how large miscalculations affect billions of lives, especially those who are most vulnerable to begin with.
全球在几个关键问题上达成了共识,并因此发表了一系列统一的宣言和承诺。气候正在变化,《巴黎协定》的签署国承诺减少碳排放,试图减缓气候变化。世界是不公平的、不稳定的,联合国可持续发展目标的签署国已经确定了全球发展需要解决的17个领域。街上的人也越来越清楚地认识到,资本市场在分配风险方面并不像人们想象的那么有效,这让每个人都处于危险之中。过去几十年的金融危机就是一个例子,说明巨大的误判如何影响数十亿人的生活,尤其是那些一开始就最脆弱的人。
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引用次数: 3
Quality assurance of health management information system in Kayunga district, Uganda 乌干达Kayunga地区卫生管理信息系统的质量保证
Q2 Social Sciences Pub Date : 2018-09-12 DOI: 10.4102/AEJ.V6I2.238
H. Kagoya, D. Kibuule
Background: An efficient health management information system (HMIS) improves health care delivery and outcomes. However, in most rural settings in Uganda, paper-based HMIS are widely used to monitor public health care services. Moreover, there are limited capabilities and capacity for quality HMIS in remote settings such as Kayunga district.Objectives: The quality assurance practices of HMIS in health centres (HCs) in Kayunga district were evaluated.Method: A cross-sectional descriptive study design was used to assess the quality of HMIS at 21 HCs in Kayunga district. Data were collected through in-depth interviews of HMIS focal persons as well as document analysis of HMIS records and guidelines between 15 June 2010 and 15 July 2010. The main outcomes were quality assurance practices, the HMIS programmatic challenges and opportunities. The practice of HMIS was assessed against a scale for good quality assurance practices. Qualitative data were coded and thematically analysed, whereas quantitative data were analysed by descriptive statistics using SPSS v22 software.Results: All the 21 HCs had manual paper-based HMIS. Less than 25% of HCs practised quality assurance measures during collection, compilation, analysis and dissemination of HMIS data. More than 50% of HCs were not practising any type of quality assurance during analysis and dissemination of data. The main challenges of the HMIS were the laborious and tedious manual system, the difficulty to archive and retrieve records, insufficient HMIS forms and difficulty in delivering hard copies of reports to relevant stakeholders influenced quality of data. Human resource challenges included understaffing where 43% of participating HCs did not have a designated HMIS staff.Conclusion: The HMIS quality assurance practices in Kayunga were suboptimal. Training and support supervision of HMIS focal persons is required to strengthen quality assurance of HMIS. Implementation of electronic HMIS dashboards with data quality checks should be integrated alongside the manual system.
背景:高效的健康管理信息系统(HMIS)可以改善医疗服务的提供和结果。然而,在乌干达的大多数农村环境中,基于纸张的卫生保健信息管理系统被广泛用于监测公共卫生保健服务。此外,在Kayunga地区等偏远地区,高质量HMIS的能力和能力有限。目的:对Kayunga地区保健中心HMIS的质量保证做法进行评价。方法:采用横断面描述性研究设计,对卡永加地区21家医院的HMIS质量进行评价。2010年6月15日至2010年7月15日期间,通过对HMIS重点人员的深度访谈以及对HMIS记录和指南的文件分析收集数据。主要结果是质量保证实践、HMIS项目的挑战和机遇。HMIS的实践是根据良好质量保证实践的尺度进行评估的。定性数据进行编码和专题分析,定量数据采用SPSS v22软件进行描述性统计分析。结果:21例hcc均采用手工纸质HMIS。不到25%的卫生保健中心在收集、汇编、分析和传播卫生保健管理系统数据时采取了质量保证措施。50%以上的卫生保健中心在分析和传播数据时没有实行任何类型的质量保证。HMIS的主要挑战是人工系统繁琐费力、难以存档和检索记录、HMIS表格不足以及难以向相关利益攸关方提供报告的硬拷贝,影响了数据质量。人力资源方面的挑战包括人员不足,43%参与的卫生保健中心没有指定的卫生保健管理系统工作人员。结论:Kayunga市HMIS质量保证实践不理想。为加强医疗卫生管理信息系统的质量保证,需要对医疗卫生管理信息系统重点人员进行培训和支持监督。具有数据质量检查的电子HMIS仪表板的实施应与手动系统集成在一起。
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引用次数: 12
Good practices, drawbacks and improvement strategies in external peer monitoring and evaluation: A case of Uganda National Council for Higher Education 外部同伴监督和评价的良好做法、缺陷和改进策略:乌干达国家高等教育委员会的案例
Q2 Social Sciences Pub Date : 2018-07-30 DOI: 10.4102/AEJ.V6I1.261
Proscovia Namubiru Ssentamu
Background: Growing demand for higher education by national governments and their citizens, and the growth of public and private higher education institutions resulting from increased enrolment have augmented the demand for monitoring and evaluation (M&E). Consequently, the National Council for Higher Education in Uganda was established and mandated to among others monitor, evaluate and regulate higher education institutions.Objectives: To explore good practices, drawbacks and improvement strategies in the external peer M&E of higher education institutions.Method: Using the qualitative research design, data were collected from 15 peers invited by the Council to participate in external M&E visits to higher education institutions.Results: Several categories of good external peer M&E practices and drawbacks emerged including statutory provisions for the external M&E exercise by the Council; purpose, planning and capacity for undertaking external M&E activities; involvement of peers and professional bodies; and political and legal interference.Conclusion: Despite availability of an M&E framework and involvement of peers, the current external M&E model is centralised, bureaucratic and summative and therefore generally not supportive of continuous institutional improvement based on feedback from M&E visits. The current Higher Education Law should be amended; the Council M&E framework and practices should be periodically reviewed to match trends and needs, a gradual shift from compliance to participatory and performance-based M&E, and creation of a good policy environment to nurture the growth and development of institutional self-monitoring and evaluation mechanisms geared towards a culture of continuous self-improvement.
背景:各国政府及其公民对高等教育的需求不断增长,公立和私立高等教育机构的增长导致入学率的增加,这增加了对监测和评估(M&E)的需求。因此,设立了乌干达全国高等教育理事会,其任务之一是监测、评价和管理高等教育机构。目的:探讨高等院校外部同行评估的良好做法、不足及改进策略。方法:采用质性研究设计,收集应理事会邀请参加高等院校外部测评访问的15名同行的数据。结果:出现了几类良好的外部同行评估做法和不足之处,包括对理事会进行外部评估的法定规定;开展外部评估活动的目的、计划和能力;同业及专业团体的参与;以及政治和法律干预。结论:尽管有一个M&E框架和同行的参与,目前的外部M&E模式是集中的、官僚的和总结的,因此通常不支持基于M&E访问反馈的持续制度改进。修改现行《高等教育法》;应定期审查理事会的监测和评估框架和做法,以符合趋势和需求,逐步从遵从性转向参与性和基于绩效的监测和评估,并创造一个良好的政策环境,以培育机构自我监测和评估机制的成长和发展,以实现不断自我完善的文化。
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引用次数: 3
8th AfrEA International Conference edition editorial 第八届非洲国际会议版社论
Q2 Social Sciences Pub Date : 2018-07-30 DOI: 10.4102/AEJ.V6I1.330
Mark Abrahams, F. Etta, Michele Tarsilla, K. Wotela
No abstract available.
没有摘要。
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引用次数: 0
Role of human capital in the promotion of technological progress, economic growth and development in Africa: A case study of Kenya 人力资本在促进非洲技术进步、经济增长和发展方面的作用:肯尼亚个案研究
Q2 Social Sciences Pub Date : 2018-07-26 DOI: 10.4102/AEJ.V6I1.227
Jimmy Alani
Background: This article evaluates the role of human capital in the promotion of technological progress, economic growth and development in Africa by focusing on the case of Kenya.Objectives: The overall objective of this article was to evaluate the effects of human capital on technological progress, economic growth and development in Kenya over the period between 1971 and 2014.Method: In this article, human capital was measured by human capital index defined as the ratio of current level of human capital in the national economy to the level of human capital 2 years ago. In particular, human capital in the broad sense was estimated by computing the ratio between 2 years of the hypotenuse of capital and labour vectors, and this measure outperformed all the other measures of human capital by yielding very good regression results by way of the generalised least squares technique.Results: Based on the econometric and statistical analyses, human capital in Kenya was found to have had a positive influence on economic growth in the long run. Human capital was also found to have had a positive influence on labour in the long run.Conclusion: Both human capital formation and technological progress should be given priority in the promotion of economic growth and development in Kenya rather than merely increasing the productivity of either capital or labour. Capital accumulation and labour generation should also be encouraged because increase in the two variables always under normal circumstances results in economic growth and development.
背景:本文以肯尼亚为例,评估了人力资本在促进非洲技术进步、经济增长和发展中的作用。本文的总体目标是评估1971年至2014年期间肯尼亚人力资本对技术进步、经济增长和发展的影响。方法:本文采用人力资本指数来衡量人力资本,人力资本指数定义为国民经济中当前人力资本水平与两年前人力资本水平之比。特别是,广义上的人力资本是通过计算资本和劳动向量的斜边的2年之间的比率来估计的,并且通过广义最小二乘技术产生非常好的回归结果,这一措施优于所有其他人力资本措施。结果:通过计量经济和统计分析,发现肯尼亚人力资本对经济增长具有长期的积极影响。从长远来看,人力资本也对劳动力产生了积极影响。结论:在促进肯尼亚的经济增长和发展方面,人力资本的形成和技术进步都应该得到优先考虑,而不仅仅是提高资本或劳动力的生产率。资本积累和创造劳动力也应得到鼓励,因为在正常情况下,这两个变量的增加总是会导致经济增长和发展。
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引用次数: 1
Policy issues for improving monitoring and evaluation of agricultural extension programmes in Nigeria 改善尼日利亚农业推广方案监测和评价的政策问题
Q2 Social Sciences Pub Date : 2016-06-30 DOI: 10.4102/AEJ.V3I2.122
A. Matthew, O. M. Olatunji
Monitoring and evaluation are important, yet, frequently neglected functions in most organisations. In Nigeria, many programmes have been established over the years but only little monitoring and evaluation have been carried out because of many implementation problems and lack of realistic and/or stable policy framework. This paper was designed to X-ray policy issues for improving monitoring and evaluation of agricultural programmes in Nigeria. Inductive and deductive reasoning through a review of relevant literature was used in this philosophical paper. To improve the performance of agricultural extension programmes in Nigeria, the following policy issues must be addressed: The questions of what should be monitored or evaluated, when should monitoring and/or evaluation be carried out and who should monitor and/or evaluate; and the methodology to be adopted in any project should be included in any agricultural programmes and/or policies. Manpower and financial resources, effective communication and the issue of accountability must be properly considered. The tools for monitoring and evaluation are also very crucial. The paper concluded that planning a good agricultural programme is not a problem in Nigeria but poor implementation is, as a result of poor monitoring and evaluation. Therefore, attention should be on when, how and who should be involved in monitoring and evaluation.
监测和评估是重要的,但在大多数组织中经常被忽视的功能。在尼日利亚,多年来设立了许多方案,但由于许多执行问题和缺乏现实和(或)稳定的政策框架,只进行了很少的监测和评价。本文的目的是阐明政策问题,以改进尼日利亚农业方案的监测和评价。这篇哲学论文通过对相关文献的回顾,运用了归纳推理和演绎推理。为改善尼日利亚农业推广项目的绩效,必须解决以下政策问题:应监测或评价什么,何时进行监测和/或评价,由谁进行监测和/或评价;在任何项目中采用的方法应包括在任何农业方案和/或政策中。必须适当考虑人力和财政资源、有效的沟通和问责制问题。监测和评价的工具也非常重要。这篇论文的结论是,在尼日利亚,规划一个好的农业项目不是问题,但是由于监测和评估不佳,执行不力才是问题。因此,应注意何时、如何以及由谁参与监测和评价。
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引用次数: 4
期刊
African Evaluation Journal
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