GRO: “Creating business and market opportunities for Africa’s poor is key to advancing sustainable development in the region” UNDP Report

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“Creating business and market opportunities for Africa’s poor is key to advancing sustainable development in the region” UNDP Report (“Creating business and market opportunities for Africa’s poor is key to advancing sustainable…

GIBS Information Centre / GIBSIC‘s insight:

Also relates to dynamic markets developments – “By working together to increase information, incentives, implementation support and investments required to make businesses more inclusive, the report makes the case that policy-makers, business owners and development practitioners in Africa will be in a position to make dramatic advances across the Millennium Development Goals (MDGs).

“Africa’s progress on economic growth has started to level social differences. For instance the Human Development Index increased by more than 15% in Africa between 2000 and 2010. However this remarkable growth at the economic front has not fully been translated into commensurate improvements in various conditions.” said Mr. Tegegnework Gettu, Under Secretary General and the Director of the Regional Bureau for Africa. “African countries need to ensure that economic growth is inclusive and sustainable.”

Making sure all African citizens can become entrepreneurs, consumers, employees or producers, requires business environments that provide opportunities for all. Market information, policies and legal frameworks that reduce transaction costs, financing and logistical assistance are key to ensuring businesses that are inclusive of the poor can succeed. Facilitating business and market creation not only generates income, but also basic goods, services and choices, with important implications for each of the MDGs, the eight internationally-agreed targets which aim to reduce poverty by 2015.

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