President Kaberuka was speaking at a forum, “Inclusive Business as a contributor to the SDG implementation”, which was held at the sidelines of the Financing for Development conference. It was organinsed by the G20 Turkish Presidency in collaboration with Coalition for Dialogue on Africa (CoDA), World Bank Group, United Nations Development Programme, among others. The event sought to showcase the potential of inclusive business (IB) in aligning private sector core business outputs with SDGs.Inclusive business is perceived as a sustainable business that benefits low income communities. This business approach contributes to poverty reduction through inclusion of low income communities in its value chain processes.
The forum heard how private sector can play a valuable role in development through inclusion of disadvantaged women and men at the “base of the pyramid (BoP)” via business models that involve poor people as an integral part of the business proposition –consumers and suppliers. IB affords those at the BoP greater access to goods, services and supply chains, while at the same time allowing companies to achieve commercial sustainability and growth.
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