Inkomoko and TED’s Audacious Project Join Forces to Empower 335,000 Displaced Entrepreneurs in Africa

As the global refugee crisis deepens, innovative solutions to address the economic and social challenges of displaced communities have become more critical than ever. Inkomoko, a pioneering organization focusing on refugee economic development across Africa, has emerged as a beacon of hope and practical assistance in this complex landscape. With its latest recognition as part of TED’s 2024 Audacious Project cohort, Inkomoko is poised to significantly expand its reach, offering displaced entrepreneurs the tools and resources to rebuild their lives, communities, and economies.

A Growing Crisis

The global refugee crisis is at an all-time high, with more than 100 million people forcibly displaced from their homes by conflict, persecution, or environmental disasters. Displacement often results in economic isolation, as refugees frequently face barriers to employment, capital access, and social services in their host countries. This isolation not only limits their ability to provide for their families but also stifles their potential to contribute to the economic development of the communities in which they reside.

The scale and urgency of this crisis have outpaced traditional aid responses, which often focus on short-term relief rather than long-term sustainability. However, Inkomoko’s approach offers a fresh perspective, prioritizing economic empowerment through entrepreneurship. This model is not only innovative but also sustainable, as it taps into the resilience and determination of refugees and displaced people, providing them with the tools to rebuild their lives and contribute to the economies of their host countries.

The Audacious Project: A Platform for Bold Solutions

Founded in 2018 and housed at TED, The Audacious Project is a collaborative effort that brings together funders and social entrepreneurs to scale up solutions to some of the world’s most urgent challenges. The project seeks to amplify the impact of organizations that present bold, ambitious ideas with the potential to create lasting change.

Each year, a select group of organizations is chosen to receive funding and support to help them scale their work. In 2024, Inkomoko was honored to be part of this prestigious cohort for its work in economic development within displacement-affected communities. This partnership will provide Inkomoko with the financial resources and visibility needed to scale its impact across East Africa, where millions of refugees and displaced individuals continue to face economic hardship.

Inkomoko’s Mission and Impact

Founded in 2012, Inkomoko’s mission has been to foster economic development by supporting refugee and host community entrepreneurs. Over the past decade, the organization has made remarkable strides, training and financing over 90,000 entrepreneurs across 30 communities in five countries, including Kenya, Rwanda, and Ethiopia. By providing refugees with critical business skills, access to capital, and market linkages, Inkomoko has enabled thousands of individuals to establish sustainable businesses, create jobs, and improve their livelihoods.

Inkomoko’s model is unique in that it not only provides advisory services but also direct financial investment in refugee-run businesses. This dual approach ensures that entrepreneurs are equipped with both the knowledge and resources they need to succeed. Additionally, the organization works closely with local governments, international organizations, and private sector partners to ensure that refugees are integrated into broader economic systems.

Scaling Impact Through The Audacious Project

The partnership with The Audacious Project will allow Inkomoko to scale its impact dramatically over the next six years. The organization aims to increase its reach by nearly sixfold, ultimately supporting 335,000 refugee and host community entrepreneurs. This ambitious plan will impact over 3.4 million people across East Africa, creating a ripple effect of economic growth and opportunity in some of the most vulnerable communities in the world.

With the additional funding and resources provided by The Audacious Project, Inkomoko will be able to expand its operations into new regions, improve its technological infrastructure, and offer more comprehensive support to entrepreneurs. This growth will not only benefit refugees but also the broader host communities, as entrepreneurship creates jobs, boosts local economies, and fosters social cohesion.

Sustainable Solutions for Long-Term Economic Empowerment

One of the key elements of Inkomoko’s success is its focus on sustainability. Rather than providing short-term aid, the organization invests in the long-term economic empowerment of displaced individuals. This approach recognizes that refugees are not merely victims of circumstance; they are individuals with skills, talents, and the potential to contribute meaningfully to their communities.

Inkomoko’s work is grounded in the belief that refugees and displaced people “are asking for the chance to rebuild their lives with the tools of economic development.” This perspective shifts the narrative from one of dependency to one of opportunity, where displaced individuals are empowered to become self-reliant and economically independent. By providing refugees with the skills and resources to start and grow businesses, Inkomoko is helping to create a future where humanitarian aid is no longer the primary means of survival, but rather a stepping stone to sustainable economic development.

Addressing Barriers to Economic Participation

One of the biggest challenges facing displaced individuals is access to capital. Traditional financial institutions are often reluctant to lend to refugees, as they may lack formal identification, credit history, or collateral. Inkomoko addresses this barrier by offering tailored financial products that meet the unique needs of refugee entrepreneurs. These include low-interest loans, grants, and other forms of financing that enable individuals to start or expand their businesses.

In addition to financing, Inkomoko provides business training and mentorship, ensuring that entrepreneurs have the knowledge and skills to succeed. This training covers a range of topics, from financial management to marketing, and is designed to be accessible to individuals with varying levels of education and experience. By equipping entrepreneurs with both the capital and skills they need, Inkomoko is helping to create a more inclusive and resilient economic ecosystem.

The Broader Impact: Strengthening Communities and Economies

The economic empowerment of refugees has far-reaching implications for both displaced individuals and their host communities. When refugees are given the opportunity to start businesses, they create jobs, stimulate local economies, and contribute to social stability. This, in turn, benefits host communities, which often struggle with high unemployment and limited economic opportunities.

Inkomoko’s work also has a broader impact on regional economies, as successful refugee entrepreneurs often expand their businesses beyond local markets, creating new trade opportunities and fostering economic integration across borders. By supporting refugee entrepreneurship, Inkomoko is not only helping individuals rebuild their lives but also contributing to the economic development of entire regions.

A Model for the Future

As the global refugee crisis continues to grow, it is clear that traditional aid models are no longer sufficient to meet the scale of the challenge. Inkomoko’s innovative approach, which combines humanitarian assistance with economic development, offers a sustainable and scalable solution to the complex issues facing displaced communities.

Through its partnership with TED’s The Audacious Project, Inkomoko is set to transform the lives of hundreds of thousands of refugees and their host communities across Africa. By investing in entrepreneurship and economic empowerment, the organization is helping to build a future where refugees are not seen as a burden, but as contributors to thriving and resilient economies.

Inkomoko’s work serves as a powerful reminder that with the right support, displaced individuals can overcome even the most challenging circumstances and create a better future for themselves and their communities.