The Musangu Foundation uses an ‘enterprise-based’ approach to philanthropic investment, to maximise and sustain development impact. Traditional ‘donor style’ philanthropy can enhance a dependency culture and exposes companies and grant givers to reputational risks when they decide to exit further support. With the right finance, team, model and guidance, they can deliver large-scale impact without a long-term reliance on charitable support or subsidy. The Foundation uses collective capital from our partners to fund and invest in entrepreneurs, social enterprises and NGO’s with a focus on livelihood creation, with the long-term goal to achieve financial independence. Our aim is to harness the private sector to catalyze the development, scalability and sustainability of local market-based solutions to address specific development challenges. Leveraging the private sector, the Musangu Foundation was established to create and scale new solutions to industry development challenges through the application of ‘business thinking’ to major social and environmental issues. The Musangu Foundation is a UK and Zambian social initiative born out of the mining industry.
CMI reflects a new model of successful and sustainable mineral resource investment. The traditional practice of mining companies donating static social infrastructure no longer meets community expectations or maximises social benefit from investments. The core of its investment ethos is the belief that wealth creation from mineral resources must be shared with host communities, and, in a meaningful manner which builds local skills and capabilities. Strong environmental, social and governance experience enables CMI to pre-empt, acknowledge and address stakeholder and community concerns.ĬMI has developed a set of principles to manage social risk pertaining to its mining projects including mechanisms to undertake social investment into local projects which maximise livelihood creation beyond dependence on the mine, thereby creating a lasting and positive legacy. CMI incorporate environmental, social and governance (ESG) issues into our investment analysis and decision making processes right at the beginning of project evaluation.
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