Sustainable Entrepreneurship in Developing Nations

Chiefdom Capital

6. Clean Water and Sanitation 7. Affordable and Clean Energy 8. Decent Work and Economic Growth 11. Sustainable Cities and Communities

Overview

Chiefdom Capitals was created by Kwaku Kufuor, an entrepreneur from Ghana who sought to find ways to provide sustainable energy and resources for developing nations. He saw the pre-existing entities that were in place in the US, and realized there was already an infrastructure in place, as opposed to in countries like Ghana were there were millions of people that would be greatly benefitted by his services. Kwaku’s desire is to create a company and a service that would be truly sustainable for years on end and making a significant positive impact on the community as well as bringing profitable returns financially.

Author

Ignacio Vanzini

Ignacio Vanzini

School

Loyola Marymount University

Loyola Marymount University

Professor

Jeff Thies

Jeff Thies

Innovation

One of the company’s main product and service, at the moment, is waste management technology, which looks to use waste (fecal matter, recyclable materials, etc.) and process it into bi-products that can be reintroduced into the marketplace in the form of clean water, compost, ash, and electricity. Their project has been commissioned by the Gates foundation and has received approval from the municipal and federal government of Ghana. This innovation will allow cities in Ghana to make better use of their waste, in order to introduce high quality materials and products back into the market without having to import them from outside countries.

The company’s main focus is to act as a sustainable development fund to provide financial support and guidance to entrepreneurs in developing nations, as well as fund various other projects in the sustainable development field. Chiefdom Capital looks to be a leader in the sustainable development field, by providing opportunities and resources to communities in developing nations and creating products and services that will improve the quality of life for many of these communities, while still acting in the benefit of the planet.

Sustainable Entrepreneurship in Developing Nations

Inspiration

Mr. Kufuor has always had a passion for sustainability, and when this idea for a sustainable development fund came to him, he realized he could make a real difference in the world, while still being able to run a profitable business. As a citizen of Ghana, he viewed it as a perfect opportunity to help a nation where his impact would be noticed and produced quickly. Chiefdom Capital will provide under-served communities the ability to self-sustain themselves through the use of his products and services and help reduce the harmful effects on the environment. His sustainable development fund will also help, in the future, to provide up and coming entrepreneurs from developing nations with the opportunity to fund their projects and try to make a better life for themselves and their country, as “a lot of entrepreneurs (in developing nations) just don’t get access to funds.”

Overall impact

Chiefdom Capital will provide under-served communities the ability to self-sustain themselves through the use of his products and services and help reduce the harmful effects on the environment. His sustainable development fund will also help, in the future, to provide up and coming entrepreneurs from developing nations with the opportunity to fund their projects and try to make a better life for themselves and their country, as “a lot of entrepreneurs (in developing nations) just don’t get access to funds.”

Business benefit

The waste management technology is the first service/product of the company, and will function as a catalyst to demonstrate the wide array of business opportunities that exist in developing nations, such as Ghana, to future investors.

Social and environmental benefit

Through the use of their waste management technology, Chiefdom Capital will enable communities to re-use large amounts of, otherwise useless, waste to produce clean water, electricity, compost, and various other materials. The technology will directly impact the environment, as many of the products that would have been thrown into landfills, will now be re-used and re-introduced into the community.

Interview

Kwaku Kufuor, Owner

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Chiefdom Capital

Chiefdom Capital

GH

Business Website: https://www.chiefdomcapital.com

Number of Employees: 2 to 10

By leveraging the resources and intellectual capital of local and multinational stakeholders, Chiefdom serves as a liaison to Ghana’s emerging markets. They seek to generate job growth and wealth distribution and support the communities in which they live and work.