What is AfriLocal
AfriLocal is a value chain ecosystem. It works by enabling local supply chains to develop local products for local consumers.
Africa has always had resources but it has never had a platform built to create, circulate and retain the value that its resources generate. AfriLocal is that platfom
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How AfriLocal Works
Every locally made product generates Local Value Units (LVUs), which are verified records of real economic contribution, issued at the point of a consumer sale.
These accumulated LVUs build a user's Capital Score, which is a verified record of their economic activity on the platform.
The Capital Score rewards users with direct access to capital, providing essential equipment or training for businesses alongside structured savings schemes and investment opportunities for consumers.
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What is Localisation
Localisation is the process of powering an economy through its own non financiafinancial capitacapital, namely natural, human, physical and cultural capital. By prioritising these domestic resources, a community can drive self-sustaining growth instead of relying on foreign capital or volatile external markets.
Africa doesn't have a problem of generating value for others. It has a problem of distributing value to its citizens. It grows cocoa beans but imports chocolate. It grows cotton but imports t-shirts.
AfriLocal exists to ensure that local capital and the value they create, stay captured within the local economy.
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What is the Platform's Status
AfriLocal is currently running its pilot.
This is the first live test of the verification and validation model.
Its framework has been established and the pilot is testing for functionality.
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Work with us
AfriLocal is built for the people already doing the work of the localised economy, namely suppliers, producers, distributors and consumers, as well as the investors, institutions and partners ready to build alongside them.
Whatever your interest, capital, community, partnership, or ideas, if you see a place for yourself in what AfriLocal is building, we want to hear from you.
Get in touch to find out how to get involved.
Contact:
https://www.linkedin.com/in/haroldabili
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