Will COVID-19 Change Corporate Philanthropy In Africa?, By Kenneth Amaeshi - Premium Times Opinion

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 76 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 78%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

Opinion: Will COVID-19 Change Corporate Philanthropy In Africa?, By Kenneth Amaeshi

…the dominant view of CSR as corporate philanthropy amongst most African businesses needs to be seriously challenged. And there is no better time to do that than now. The crisis should not be allowed to waste, as they say!

Whilst these good deeds are appreciated, they call for some reflections.

…corporate philanthropy is mainly an act of giving back to society at large… Whilst these are laudable corporate activities, they appear to distort the true and broader meaning of CSR. The emphasis on corporate philanthropy gives the broad CSR agenda a poor characterisation and invariably an underserved negative reputation.

A good example of a negative externality is the pollution arising from a production plant, which causes some health hazards to residents not involved in the business transaction. Another negative externality could be the impacts of binge drinking on society, which is not factored-in in the production and sales costs of alcohol products. In such instances, the social costs are borne by society.

…corporate social responsibility, as corporate philanthropy, needs to become collective or collaborative social responsibility, where businesses will need to work with each other, and other possible partners, to addresses the weaknesses in the system. In my opinion, the focus should primarily be on strengthening the public service in most African countries to function effectively and efficiently. For example, instead of a business building a local school without teachers alone, businesses in a region can pull resources together to support the ministry of education to do its job. The same applies to health and other issues. This will surely require a new mindset and competence.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19: Africa Will Not Be A Testing Ground For Any Vaccine – WHOCOVID-19: Africa Will Not Be A Testing Ground For Any Vaccine – WHO. U can imagine. What do you take Africa for? Yes ooo Tell them 👌
Source: channelstv - 🏆 7. / 63 Read more »

COVID-19 cases top 10, 000 in Africa – WHO - Premium Times NigeriaThe World Health Organisation (WHO) Regional Office for Africa in Congo, says there are so far 10, 000 confirmed cases of Coronavirus (COVID-19) reported I fear for Africa because very few of us have been tested.i wonder what will happen when 80percent of us is tested.God help your people.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

COVID-19: South Africa's Ramaphosa punishes Minister for violating lockdown regulations - Daily Post NigeriaPresident Cyril Ramaphosa has sanctioned Minister of Communications and Digital Technologies, Stella Ndabeni-Abrahams, after she violated COVID-19 In Nigeria they will never do such becourse they are so corrupt. If you try this in Nigeria, you will loss the next election Father God please help Mama Africa..
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Coronavirus: Death toll in Africa hits 492 as cases rise to 10,252 - Daily Post NigeriaThe Africa Centre for Disease Control and Prevention (Africa CDC) has said that there are now 10,252 confirmed cases of Coronavirus (COVID-19) in 52
Source: DailyPostNGR - 🏆 11. / 59 Read more »

COVID-19 cases top 10, 000 in Africa – WHO- The NationThe World Health Organisation (WHO) Regional Office for Africa in Congo, says there are so far 10, 000 confirmed cases of Coronavirus (COVID-19)...
Source: TheNationNews - 🏆 6. / 69 Read more »

Confirmed COVID-19 cases surpass 10,000 in Africa as global death toll hits 75,000 – Daily TrustThe number of confirmed COVID-19 cases reached 10,075 in Africa and the death toll reached 487, the Africa Centre for Disease Control and Prevention (Africa CDC) revealed on Tuesday. The Africa CDC, a specialised agency of the 55-member African Union (AU), in its latest situation update issued in Addis Ababa also disclosed that the confirmed … This figure is overrated Pink_Chinasa 487 have died in africa,? Wtf. I thought it wasn't up to 50 people that died in Africa so far. Where did these figures come from!
Source: Daily Trust - 🏆 13. / 51 Read more »