Suzanne and Erik went to grad school with David O’Halloran, whose consulting company was recently cited in The Irish Times for its focus on sustainable business ventures in Africa.
“For Irish entrepreneur David O’Halloran, adhering to a sustainable business model that helps develop and protect local communities and their environment is the key to enjoying long-term success in Africa’s emerging markets. In late 2006, the Galway man, along with three former colleagues, rejuvenated a business development consultancy called BusinessMinds by turning it into an incubator company that develops, finances and operates sustainable commercial ventures in Africa.
“The idea behind the enterprise is to offer investors a socially responsible approach to doing business on the continent, while also making a profit. ‘Historically, many investors in Africa have used a more short-term, exploitative business model, one which has existed since the days of colonialism,’ O’Halloran says. ‘Unfortunately, for some investors this remains the modus operandi even today. As in, they take what resources they can and then get out without giving much back to the local economies.’
“However, O’Halloran says he believes people are starting to realise that such an approach is inherently unstable and increases risk.” His organization is called BusinessMinds, Africa.
Bill Corcoran wrote the Irish Times article. Read more here.