Precious Moloi-Motsepe Co-Founder and Chief Executive Officer, Motsepe FoundationHilde Schwab Chairperson and Co-Founder, Schwab Foundation for Social Entrepreneurship Around the world, a quiet transformation is under way. Social enterprises are demonstrating that the future of business lies in purpose – in the ability to solve problems that markets and governments alone cannot. The State of Social Enterprise: A Review of Global Data 2013–2023, published by the Schwab Foundation last year, revealed the scale of this movement: more than 10 million social enterprises worldwide, generating jobs, innovation and hope across diverse economies. Yet one region stands out for its promise and potential: Africa. Across the continent, social entrepreneurs are creating new pathways for shared prosperity, rooted in local knowledge, community solidarity and a deep sense of shared responsibility. Their work shows that development can be both self-determined and globally relevant. For more than two decades, the Schwab Foundation for Social Entrepreneurship and the Motsepe Foundation have supported these changemakers in Africa - connecting them to networks, leadership opportunities and partners who believe, as we do, that innovation and dignity must go hand in hand. Through this collaboration, we have witnessed extraordinary courage and creativity at every level of society. This report builds on that journey. It provides the evidence and insights needed to ensure Africa’s social enterprises are not only celebrated but understood – their impact measured, their needs addressed and their potential fully realized. The potential for social entrepreneurship to drive inclusive jobs for youth and women in particular is powerfully demonstrated in this report. At a time when global systems are being reimagined, Africa’s social entrepreneurs remind us that change begins from within, and that inclusive growth is the truest measure of progress.ForewordThe State of Social Enterprise: Unlocking Inclusive Growth, Jobs and Development in AfricaNovember 2025 The State of Social Enterprise: Unlocking Inclusive Growth, Jobs and Development in Africa 3

State of Social Enterprise Africa 2025