During the past few years, inclusive business gained popularity within the development community as a way to foster economic growth and social development for low-income communities. This was also recognised by the European Union (EU) who in late 2016 made a commitment to fund IBAN with a total amount of three million Euros until 2019.
“Co-financing from EU is a sign of the recognition of inclusive business as a catalyst for inclusive growth”, says Christian Jahn, Executive Director of the Inclusive Business Action Network. “With the support of the EU, we will be able to enlarge our scope and impact.” Thus, IBAN could provide a platform for all EU donor programmes focusing on inclusive business solutions. This would reduce transaction costs and contribute to more synergies and complementarity of inclusive business programmes of the EU member states.
Inclusive business is fully in line with the focus of the EU development cooperation on promoting inclusive and sustainable growth: it can help to strengthen the role of the private sector as partner in development cooperation, to increase the economic empowerment of low-income people and to encourage the uptake of green product innovations. IBAN started in 2014 with funding by the German Federal Ministry for Economic Cooperation and Development (BMZ).
IBAN, the Regional Inclusive Business Hub (RIBH) MENA and the Centre of Partnerships for Development (CAD) are launching the Strategic Advisory Programme on Inclusive Business. Specifically designed for Egyptian companies in the FMCG sector, the programme aims to closely collaborate with dedicated companies to develop and further improve their inclusive busi-ness and partnership strategy. Find out more!
One month ago, IBAN’s new regional manager for West-Africa successfully started its work in Accra, Ghana. The regional manager acts as local broker for actors working in inclusive business in West-Africa and fosters and supports the implementation of inclusive business models throughout the region. It is the first regional presence of IBAN being located outside the Headquarter in Bonn, Germany. Building on IBAN’s prior activities in Ghana and Nigeria the sectoral focus in West-Africa will lie on inclusive business in the affordable housing as well as renewable energy sector. The new regional presence not only ensures the proper establishment of regional networks but also seeks to offer dedicated services for the needs of businesses as well as other actors involved in inclusive business. The main service offerings are:
IBAN is focusing on complementarity in the Inclusive Business ecosystem and is excited to facilitate and enter new partnerships. Hence, at the beginning we concentrate on getting to know the various actors in the region. For more information please contact Mr. Andreas Hoth (firstname.lastname@example.org), IBAN Regional Manager for West-Africa.