African CSOs must diversify funding, reduce donor dependence – WACSI
The Head of Capacity Development at the West Africa Civil Society Institute (WACSI), Charles Kojo Vandyck, has urged civil society organisations (CSOs) in Africa to reduce their dependence on donor funding and develop more diverse and sustainable sources of income.
The West Africa Civil Society Institute (WACSI) has urged African civil society organisations (CSOs) to diversify their funding sources and reduce their dependence on donor funding, according to a report by MyJoyOnline Ghana. Charles Kojo Vandyck, Head of Capacity Development at WACSI, emphasized that while grants remain important, they should be just one part of a broader financing structure.
Vandyck suggested exploring avenues such as diaspora giving, social enterprise, digital fundraising, trading, investment income, government contracts, and strategic partnerships to broaden the financing base for CSOs. He also called for the development of an African giving ecosystem, encouraging businesses, institutions, individuals, and diaspora communities to contribute to social development.
Additionally, Vandyck emphasized the importance of CSOs becoming more economically aware and developing their assets and expertise to strengthen their institutions.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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