Refugee Entrepreneurs Boost Australian Economy
World Economy

Refugee Entrepreneurs Boost Australian Economy

A new report has found the success of a program assisting refugees to set up small businesses is yielding returns to Australia’s economy, a finding which business groups say highlights the economic contributions that flow from a larger humanitarian intake.
For Mohamed Khatib, ‘energy’ is everything. He needed plenty of it to escape Halab in war-torn Syria with his family, and then resettle in Australia last year on a permanent visa, SBS World News reported Sunday.
An experienced practitioner, Mohamed’s specialty is ‘pranic healing’–which aims to heal the body using a person’s energy source.
He has started his own business in Greenacre, western Sydney. He says it is no surprise he has called it ‘New Life’.
“I started a new life with pranic healing in Sydney, and it’s also the start of a new life here for me in Australia,” Mohamed told SBS.
In just six months, Mohamed has already establish0ed himself within the local Syrian community. He hopes to expand the business further. He said he wants to contribute to the Australian economy. “I hope to use these skills I have to reach and benefit everyone in the country,” he said.
“It’s not good enough that you just have a skill. You should use it to teach and help others.”
But Mohamed didn’t do it all alone. A new program by Settlement Services International has connected migrants to volunteers to help them set up their small business.
Ben Benazzouzz from SSI says it is aimed at people who might lack the capital or knowledge of Australia to get a business off the ground. “We help them obviously with connecting them with financial managers; we help them with marketing, with website, ABN number, business cards,” he said.
Professor Jock Collins has released a report on the initiative, which is also known as ‘Ignite’. It has found migrants hold major potential to contribute to the economy, particularly through small business.
Collins said the report makes a strong economic case for increasing the humanitarian intake. An intake of 12,000 Syrians and Iraqis refugees are soon to be resettled in Australia, as part of a one-off addition to the existing 13,750 places allocated for this financial year.


Short URL : https://goo.gl/hv8i0d
  1. https://goo.gl/YagSqU
  • https://goo.gl/mI6o3y
  • https://goo.gl/fHwC5d
  • https://goo.gl/E66tY1
  • https://goo.gl/vxwfLq

You can also read ...

While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
Wells Fargo Will Cut Workforce
Wells Fargo & Co said on Thursday it would reduce its...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...