As part of Global entrepreneurship week, the UK has been helping to equip policymakers in East Africa to better understand the nature and potential of social enterprises.
A social enterprise is an organisation that applies commercial strategies to maximize improvements in human and environmental well-being—this may include maximizing social impact alongside profits for external shareholders.
Social enterprises can be structured as a for-profit or non-profit, and may take the form (depending in which country the entity exists and the legal forms available) of a co-operative, mutual organisation, a disregarded entity, a social business, a benefit corporation, a community interest company or a charity organisation. They can also take more conventional structures. What differentiates social enterprises is that their social mission is as core to their success as any potential profit.
On Monday and Tuesday this week, the British Council Kenya delivered a Masterclass with relevant government ministries, agencies and policy influencers on how public policy can help support development of social enterprises.
As part of the Masterclass, the British Council convened a policy dialogue forum on the subject.
Global Entrepreneurship Week (GEW) is an international initiative that introduces entrepreneurship to young people in six continents. GEW emerged in 2008 as a result of Enterprise Week UK and Entrepreneurship Week USA 2007. Since its creation, more than 10 million people from 102 countries have participated in entrepreneurial-related activities during the Week.
This annual event occurs over the span of one week and includes the participation of entrepreneurial experts, policy-makers, education practitioners and politicians.