PRIVATE SECTOR DEVELOPMENT
Private sector development is key to economic growth in developing countries. PSD increases productivity, income, employment, contributes to poverty reduction.
Private enterprises attract investment, generate jobs, encourage innovation and productivity as well as provide increased revenue for governments, greater consumer choice and competition. Higher incomes for effective governments will lead to more investment in education, health, infrastructure, social services, etc., thereby boosting national growth and development.
People in developing countries often believe entrepreneurship is the means by which to escape poverty. In Africa, small businesses play a crucial role, representing 90% of private business in the continent and contributing to more than 50% of employment and GDP.
Several donors, the largest one being EU, have therefore given priority to encouraging private sector development in developing countries, with a focus on improving the business environment (enabling environment) as well as regulatory and market reforms. Such reforms are geared to increase private sector investment in ‘business’, that in turn will create jobs and provide a wider spectrum of value added services and products at lower prices.
Private sector development addresses business climate, competitiveness, public-private sector dialogue, intermediary organisations’ capacity to fully support enterprises through adequate business development services, access to financing etc.
Enabling Environments believes in empowering people through finding sustainable sources of income and supporting the development of a vibrant private sector. Our team has the experience and expertise to understand the complex macro, meso and micro issues relating to PSD strategies without circumventing the cultural norms and traditions which come into play.
- Enabling environment
- SME legislative framework
- SME skills upgrading and training
- Public-private sector dialogue
- Investment promotion
- Export promotion
- Assistance to Intermediary organisation
- Business development services (BDS)
- SME support