Dr. Frank Aswani, Chief Executive of Africa Venture Philanthropy Alliance (AVPA), proposes that religious institutions like churches and mosques could invest their significant domestic capital into startups to foster economic development in countries like Kenya, rather than relying solely on foreign funding.

• Dr. Frank Aswani observes that if churches can successfully operate hospitals and schools, they could also fund impactful businesses.
• The proposal emphasizes leveraging existing domestic capital from religious organizations as an alternative funding mechanism for startups.
• This approach aims to reduce reliance on foreign inflows, which Dr. Aswani suggests are not always suitable for African economies.