Welcome to NIBA 2015
Addressing the lack of reliable access to basic goods, services and income generation opportunities at the base of the economic pyramid (BoP) is not only a crucial objective set by the government but also one of the key development challenges of our times worldwide. At the same time, tackling this challenge is also a significant business opportunity… And this is exactly what Inclusive Business is all about.
There is indeed a paradigm shift that, beyond rhetoric and new jargon, calls for ‘inclusive’ economic growth, that is economic growth that balances macro and microeconomic development strategies with interventions from private enterprises that integrate all segments of the population in value creation.
As organizer of this second edition of the National Inclusive Business Award, the Ministry of Business, Enterprise and Cooperatives is being a major actuator of the creed of the Government: that of innovative socialism, with an economy where not just our standard of living but also everyone’s quality of life rises steadily and sustainably. This is where Inclusive Business fits in perfectly. Inclusive Business is a model which includes low-income people on the demand side as customers, and on the supply side as employees, producers and entrepreneurs serving at various points within the value chain of a company. It builds bridges between business and the poor for mutual benefit, in an environment of fairness, equal justice and political plurality.