Social and Economic Development
The ability of governments to achieve social and economic goals is dependent on how efficiently and effectively they harness limited resources. This increases the necessity for robust, transparent and flexible public administration institutions to optimize resource usage. Social development, however, often plays second fiddle as economic progress is more prized, resulting in widespread social and economic inequity in developing nations. For true progress to take shape, economic development must also be socially inclusive. Small and medium businesses are also extremely vulnerable in developing economies, as poor supporting frameworks, lack of access to capital, limited understanding of value chains, and slow adoption of technology collectively hinder growth of small scale businesses into profitable and sustainable enterprises.
e.Gen has long worked with governments, development agencies and NGOs to help achieve inclusive social and economic progress, and help develop environments conducive to small and medium businesses. e.Gen’s work has included developing initiatives for social inclusion and poverty alleviation, providing capacity building for individuals and institutions alike to spur economic and social growth, and providing consultancy services to develop enabling environments for small and medium businesses, including improved access to finance and setting up of supporting institutions and policies.
e.Gen has implemented 30 projects across 10 countries in the Social and Economic Development sector
e.Gen has provided business incubation support and trained around 2,500 women led MSMEs in Maldives
e.Gen supported the Nigerian Investment Promotion Commission to improve the competitiveness of MSMEs in palm oil production leading to enhanced employment