In this highly materialistic and turbulent world, it is no surprise that most countries are chasing economic development as a potential panacea for our social ills.
Trade wars have erupted, global resources exploited, inequality flourished, but if there is anything that has been consistently keeping up with the caprices of capitalism while fostering wellbeing, it is social entrepreneurship. Social entrepreneurs act as a major engine in the economic machine through their business activities and fuel development by raising the quality of life of the population.
Continue reading “Social Entrepreneurship: A Catalyst for Economic Development”
It is 2021, 76 years since the term NGO became popular with the founding of the United Nations in 1945. Organisations that strive for the betterment of humanity have existed since the dawn of time, though the shape they take has constantly been evolving.
In the late 1970s in the UK, social entrepreneurship emerged as an alternative business model with the traditional profit motive and a social, environmental and governance focus. Our tiny nation is blessed with more than 300 active NGOs, yet not many social enterprises. Whether out of ignorance, lack of skills, complexity or sheer refusal to mix business with the social world, many NGOs do not alter their models, even though social enterprises tend to be more scalable and sustainable.
Continue reading “6 Reasons Why Mauritian NGOs Should Convert to Social Enterprises”
Small and medium enterprises play a massive role in our economy, whether through employment creation or social contributions or a source of tax revenue for the government.
Acknowledging their importance, the Minister made several provisions for SMEs in this year’s budget, in various sectors and different financial and non-financial ways.
Continue reading “The 5 Best Reviews of Mauritius Budget 2021/22 for SMEs”
On 11 June 2021, the highly awaited Budget was presented to the parliament and the public, detailing several economic, regulatory, and social measures to improve the standard of living of the Mauritian population.
NGOs, which have been severely constrained in their operations due to lockdowns while social issues have been skyrocketing with the pandemic, could benefit greatly from the schemes, grants and facilities the government will make available to them in the coming financial year.
Continue reading “The Most Beloved Mauritius Budget 2021/22, According to NGOs”