What AfriLocal Does
AfriLocal is a value chain ecosystem that connects local supply chain actors to maximise local value creation in local African economies. Africa has always had the resources. It has never had a platform built to organise and track the value those resources generate. AfriLocal is that platform.
How It Works
Every transaction on AfriLocal generates Local Value Units (LVUs) which are verified records of participation, issued to stakeholders at the point of exchange.
These accumulated LVUs build a stakeholder's Participation Profile; verified record of involvement in the local economy.
A Participation Profile determines each stakeholder's Access Eligibility; tiered access to capital mechanisms, from consumer savings and investment opportunities to business skills and equipment.
The Localisation Process
Localisation is the economic process of using one's own resources to build one's own economy. Africa doesn't have an output problem. It has a value creation problem. It produces cocoa but imports chocolate. It grows cotton but imports t-shirts. African output exists but the resulting value leaves Africa.
Local value creation is the mechanism that sources, circulates and retains value.
Afrilocal exists to validate and verify contribution, then convert it into credentialed local participation.
Platform Status
AfriLocal is currently running its pilot.
The first live test of the verification and credentialing infrastructure.
The framework is established and the pilot is active.
Work With Us
AfriLocal welcomes collaborators, advocates and institutional partners who are serious about local economic development in Africa.
If that is you, get in touch.
Contact:
https://www.linkedin.com/in/haroldabili
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