JD Ngo Ndjama, J. Van Der Westhuizen
Abstract
The challenges communities face such as poverty, social injustice, loss of culture, and environmental degradation, may seem daunting. Despite the efforts of governments, NGOs, and corporations to address sustainability issues, many problems remain unresolved. CBE is seen as a viable solution for improving the economic situation of communities facing crises. Built upon the entrepreneurial event theory, this study aims to provide a deeper understanding of how community-based entrepreneurship can contribute to local development and social cohesion. To achieve this, a systematic literature review methodology was employed. A thorough search of academic databases and relevant sources is conducted to identify and analyse scholarly articles, books, and reports that discuss community-based entrepreneurship. The selected materials are then critically reviewed and synthesised to extract key findings and insights. The findings of this study highlight the positive impact of community-based entrepreneurship on local development and social cohesion. It is observed that community-based entrepreneurship initiatives can create employment opportunities, enhance local economies, and strengthen social networks within communities. Moreover, these initiatives contribute to the preservation of cultural heritage and the empowerment of marginalised groups. Based on the findings, it is recommended that policymakers and stakeholders should recognise the importance of community-based entrepreneurship and provide support through funding, training, and mentorship programs.