Poverty, inequality and unemployment remain rife in many parts of the world, and this negatively affects the creation of sustainable communities and businesses.
Our approach to socio-economic development is to create growth opportunities by working collaboratively with multiple stakeholders, providing access to skills development, establishing job creation initiatives, and accessing development finance to ensure socio-economic growth plans become reality.
- Skills development access
Skills development challenges exist, especially in rural areas, given low entry level skills in many developing countries. Our approach to overcoming these challenges includes designing alternative skills development programmes, working with various accredited training service providers, skills education training authorities and the department of higher education and training. An example of such an intervention is the development of an Artisan Career Path utilising custom designed modular skills programmes.
- Job creation initiatives
Creating jobs in a slow or no-growth economic environment requires good research, innovation and the ability to “connect the dots”. MAC undertakes socio-economic and market analysis to define opportunities in the market to support job creation, ranging from the use and evolution of government programmes, to enterprise development, import replacement and the blue economy. The goal is to improve human well-being and social equity, while significantly reducing environmental risks and ecological scarcities.
- Access to development finance
Just as funding is required to build businesses, so it is for building communities, protecting the environment, or building infrastructure. A plethora of development funds exist locally and internationally, yet it remains difficult to access funding – especially for those who need it most. MAC has developed a unique way not only to access funding, but also to ensure funding from donors or Development Finance Institutions (DFI) reaches beneficiaries and is utilised to make a positive socio-economic impact.