The Ebola epidemic in West Africa could infect over 20,000 people and spread to more countries, the U.N. health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.
Innovative $7.6 million e-learning program will train 6,000 young people to become nurses and midwives and expand capacity of nursing schools in Zambia.
GlaxoSmithKline (GSK) has announced that it will freeze the prices of its vaccines for five years for developing countries that graduate from GAVI Alliance support. By committing to offer GAVI Alliance prices for vaccines against pneumonia, diarrhoea and cervical cancer, GSK will support developing country governments as they transition to financing the full cost of their local vaccination programmes.
Prime Minister Narendra Modi on Thursday launched Jan Dhan Yojana, a mega financial inclusion plan under which bank accounts and RuPay debit cards with inbuilt insurance cover of Rs 1 lakh will be provided to crores of persons with no access to formal banking facilities.
The U.S.-India Business Council (USIBC) has concluded its Pharmaceutical Executive Mission to Delhi, India. The delegation expressed its commitment to the Indian market, called for further dialogue with the government on issues related to pricing and intellectual property, and discussed strategies for expanding greater access to healthcare and health insurance in India.
Safaricom has received critical support in its bid to stop Equity Bank from using embedded SIM cards for the mobile banking and money transfer service the lender plans to introduce in the Kenyan market.
Introducing Michael Sacco, the founder of ChocoSol, a learning community/social enterprise that focuses on making the ‘food of the gods’ – commonly known as cacao – into fresh, whole food, stone ground chocolate on an artisanal scale.
Today, MasterCard is launching a ground-breaking program in Nigeria with the cooperation of the Nigerian government. This program uniquely combines a national ID card with electronic payments. Daniel Monehin, MasterCard’s Division President for Sub-Saharan Africa, sat down with MPD CEO Karen Webster to discuss why today is a such significant day in payments for Nigeria and why this program has the potential to be the financial inclusion game changer everywhere in the world.
South Korean biopharmaceutical company commits to manufacture a new and improved presentation of the vaccine at a target price of $1.00 per dose for public sector buyers.
Beyond island nations like the Maldives that are quickly getting submerged, no country is more threatened by climate change than Bangladesh. Sitting at the bottom of three huge rivers, much of its surface area is either covered with water, or barely above sea level. Many of its 154 million inhabitants are poor (about a quarter earn less than $2 a day) and Bangladeshis often live in structures unsuited to severe weather. Bangladesh, in short, is a climate disaster in the making. By 2030, rising water could make 20% of the country uninhabitable, forecasts show.
How single-use injectable contraceptives could change family planning in Africa.
Merrill Lynch Wealth Management advisers sold $12 million in green bonds issued by the World Bank last week, surpassing what the investment bank expected based on similar issuances a few years ago.
MUMBAI: Mobile companies have been persuaded by the Narendra Modi government to share a slice of their infrastructure to pave the way for basic banking services through cellphones.
Two operators in Tanzania launched a service so that subscribers to their rival mobile money services can send and receive cash with one another. Airtel and Tigo claim it is the world’s first cross-network mobile money transfer service.
The nonprofit says it has figured out a way of getting a 90% repayment rate on business loans to the types of people no financial institution would trust–young people in poor African countries without as much as a permanent address.
Microfinance institutions (MFIs), which evolved as precursors of the rural thrift credit market in India, are now shifting to urban areas, with big slums in cities turning out to be cost-effective markets over small villages in far-flung locations.
Sector experts say there is an urgent need to address challenges facing MFIs, especially by empowering the sector to enhance its capacity and performance.
What does a social business do when they don’t have a rich uncle to help them go from microenterprise to a small- or medium-sized enterprises? The answer may be crowdfunding.
According to the U.S. Department of Commerce, 80 percent of the world’s medical equipment is designed for only 10 percent of the population. After all, what’s the point of having the latest cutting-edge device if you live in the developing world without a steady source of electricity? However, Grand Rapids, MI-based med tech startup Sisu Global Health is on a mission to help change that statistic.
The Pharmaceutical Society of Ghana (PSGH) has partnered with mPedigree Network and PopOut to launch the PREVENT initiative, which looks to employ technology to crack down on fake and counterfeit medicines.
Twenty years ago in Nepal, the first modern example of social franchising for health – the application of commercial franchising strategies to achieve public health goals – began expanding access to quality health services. This year, PSI and Marie Stopes International, two organizations that have long-employed social franchising to improve health outcomes, came together to create an online course on social franchising, with support from the U.S. Agency for International Development (USAID).
Auto component major Bosch on Monday announced the launch of a locally developed eyecare solution in India. The company’s new eyescreening and detection system offers a combination of hardware and software and provides affordable eyecare.
Indian Prime Minister Narendra Modi on Monday asked banks to make the opening of bank accounts in 70 million households this year a national priority.
Her husband hasn’t spoken to her in three months, but Neetu hopes he will come around. After all, she says, working with Lunchbox 17, a tiffin delivery service in South Delhi, has completely changed her attitude. The social enterprise was launched in May by youth-run NGO Swechha and employs women from Jagdamba Camp, a slum near the organisation’s Khirki Extension offices. The initiative aims to provide employment, and eventually empowerment, to the women, and clean and tasty food to young professionals and students in the area.
As credit plays vital role in start-up and expansion of businesses, microfinance has been treated as an important tool for economic development.
For the first time ever, African Leadership Academy and The MasterCard Foundation are delighted to have Anzisha Prize finalists from Togo and Ivory Coast (http://www.anzishaprize.org), revealing strong growth in entrepreneurship activity amongst youth in West Africa. Five young women are among the 12 finalists in the running for the $75,000 prize money that will be awarded on 23 September 2014, and will fly to Johannesburg from DRC, Kenya, Ghana, South Africa and Nigeria.
It is possible to redirect your money’s social and environmental ties, even if a lack of understanding too often obscures that fact.
Q: I understand that Integrated Medics helps improve health care delivery. Specifically, how do you achieve this? A; We achieve this through automation of all the process in the hospital: from record office to front desk, from consulting to admission; from store to pharmacy and from NHIS desk to payment desk. Basically, by fast-tracking the healthcare delivery system.
As the autorickshaws begin lining up inside the compound at 7 a.m., Vijaylakmi Sahu knows she has just 30 minutes to finish her work. Over the next half hour, Sahu works with clockwork precision. She ensures that the temperatures of the vaccines for pregnant women and children are checked before they are packed under her supervision in cold boxes. After that, three to five autorickshaws, known as the Immunization Express, head off to the villages where mothers, children and pregnant women await them.
On Aug. 22, the World Health Organization announced a draft strategy to combat the West African Ebola outbreak over the next six to nine months. That’s a sign that the global health body isn’t optimistic about a rapid end to an epidemic that has killed around 1,300 people so far. An extended outbreak of such a feared disease would have mounting economic costs.
We believe the biggest boost to financial inclusion will come from a push to higher employment in the formal sector, especially regular, salaried employment.
Its vast holdings in the fossil fuel and arms industries subvert the foundation’s battle against disease and poverty, says Charles Piller.
It's not just the fact that TOMS received an investment from Mitt Romney's Bain Capital that was so important - it's the fact that Bain's investment now values TOMS, a social enterprise, at $625 million dollars.
Toms is a well known socially responsible business, a shoe manufacturer that donates a pair of shoes to a needy child for every pair it sells. This business model has attracted an unusual investor: Bain Capital.
About half of the Microfinance Institutions Network’s 49 members could follow in the footsteps of Kolkata-based Bandhan and convert themselves into banks in the next couple of years, according to a top official.
“It is worth remembering that nutrition didn’t feature at all in the first set of goals. It was the forgotten MDG,” says Marc Van Ameringen. As the world this week marks 500 days until the end of the millennium development goals (MDGs), I got an interview with the executive director of the Global Alliance for Improved Nutrition (Gain).
Surviving sickness can make you stronger. So while a western corner of Africa writhes in the deadly grip of the Ebola virus, there are signs this emergency may serve as a wake-up call to strengthen spending and investment on public healthcare in the world's least developed continent. "If anything, I think it is teaching us something," Mustapha Sidiki Kaloko, the African Union's Commissioner for Social Affairs, told reporters in Addis Ababa this month.
ICICI Bank-India's largest private sector bank-in a move to take ahead its financial inclusion strategy is planning to add another 1.5 million bank accounts in this financial year.
A decision made by Kenya's telecoms watchdog could have profound implications for the country's mobile money market.
GLOBACOM, Nigeria’s national telecommunications carrier, has launched Glo Xchange, a Mobile Money Agent Network, aimed at accelerating mobile money revolution and financial inclusion in the country.
Days after the Reserve Bank of India introduced draft norms for small and payments banks to boost financial inclusion, the nation's largest telco and the nation's largest lender are exploring a mega alliance.
Samaritan’s Purse and SIM USA were instrumental in the evacuation of two U.S. missionaries from West Africa. These religious relief groups maintain a low profile in the U.S. but are often on the front line of public health crises. Health organizations and leaders of affected areas are also working to contain the deadly outbreak. Here are the key players.
Three health care workers who were given the experimental Ebola drug ZMapp in Liberia have shown "very positive signs of recovery," the Liberian Ministry of Health said Tuesday. Medical professionals treating the workers have called their progress "remarkable."
Indian multinational conglomerate Tata Group has donated $15.5 million (Rs 95 crore) to IIT Bombay (IIT-B) to setup a virtual centre, which would focus on developing low-cost technologies for the bottom of the pyramid (BoP) consumers, says a report in The Economic Times, quoting IIT-B director Devang V Khakhar.
The biggest challenge--and opportunity--is to get the 99% involved in investing for social good.
While many Americans consider alternative payments non-essential, the rest of the world is silently surpassing us.
Reserve Bank Deputy Governor R Gandhi today asked lenders to be more financially innovative in designing home loan products and suggested creation of a periodic deposit-linked facility.
Social impact investing is taking off, says Pax World CEO Joseph Keefe, not simply because investors care about diversity and sustainability, but because companies focusing on those issues deliver strong long-term results.
MUMBAI: Enthused by the Centre's plan to open 7.5 crore bank accounts over the next few years, MFIs and other such financial institutions that are working in rural areas have charted out massive expansion plans.
Wells Fargo & Co. has established the Wells Fargo Startup Accelerator, designed for startups pursuing innovation in financial services.
Recently, Ghana signed a Power Compact with the Millennium Challenge Corporation (MCC), making it the current largest American Government-funded transaction of President Obama’s Power Africa initiative.The Ghana Power Compact facilitates the investment of up to $498.2 million for the transformation of Ghana’s power sector while also stimulating private investments. Eventually, the deal is expected to raise more than $4 billion from American and global energy firms.
UK start-up SimPrints announced it has received a £250,000 grant in funding to develop a fingerprint scanner that some are calling a “game-changer” in global healthcare, according to Cambridge News.
On Wednesday, the world marks World Mosquito Day to commemorate the 1897 discovery by British doctor Sir Ronald Ross that malaria in people is transmitted to and from mosquitoes. Ross won a Nobel prize for his discovery, and, since then, mosquitoes have been enemy No 1 when it comes to defeating a disease that takes a life every single minute – most of them children in sub-Saharan Africa. But on this day, let’s focus on approaching malaria in a surprising new way: a vaccine to stop humans from giving malaria to mosquitoes.
Sanford Health is looking to open more than 300 clinics in Ghana in the next five years to treat millions of patients. The Dakotas-based health network has opened five clinics in the African nation since 2012 and broke ground last week for a sixth.The clinics have treated more than 180,000 patients.
Leading integrated communications service provider Safaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it & what lies ahead.
Bharti Airtel and VeriFone Mobile Money have reached an agreement to offer VeriFone Mobile Money’s merchant enablement applications for mobile Tap n Pay across Airtel’s 17 operating countries in Africa.
Microfinance companies have been urged not to charge high, unsustainable interest rates by the Head of Other Financial Institutions Supervision Department of the Bank of Ghana (BoG), Mr Raymond Amanfu.
Mobile phones are facilitating access to utilities in poor rural communities. But do consumers have the faith to go cashless?
San Francisco, USA and Mumbai, India (August 18, 2014) – Toniic – a global network of over 120 action-oriented impact investors – is pleased to announce the financial support of philanthropic investment firm Omidyar Network.
Providing emergency nutrition in a way that undermines the capacity of local economies to respond to food insecurity and malnutrition themselves seems a clear violation of the 'do-no-harm' principle.
In Boston, some natives of Liberia are working to improve sanitation conditions and train health workers on the ground in their homeland, as the country and two of its neighbors battle a deadly Ebola outbreak.
For Nepal's microfinance sector, the time has come to look beyond microcredit and find ways and means to turn individual entrepreneurs into small, medium and maybe big entrepreneurs over time.
The bank should rise to the challenges posed by remittances — a critical tool in the fight against world poverty.
Companies in the mobile money business are in an anticipatory mood for the implementation of a new Bank of Ghana regulation on mobile payment systems, which they contend will help to boost payment transactions using the mobile phone.
Will Zimbabwe be Africa’s first cashless society?Strive Masiyiwa, founder of the pan-African telecommunications company, talks about extending finance to the unbanked.
With the rapid growth of the middle-income population and a better-educated demographic bonus, Indonesia is expected to experience a more sustainable economic growth. One of the ways to achieve this is by increasing people’s involvement in the financial sector, otherwise known as financial inclusion.
M-Pesa lacks interoperability with any of the rival services run by the country’s three other operators: Airtel, Orange and yuMobile. But Safaricom is now under pressure to change its ways.
Telecom equipment vendor Ericsson will design and implement the mobile money project, Peru’s largest private initiative for financial inclusion for the National Bank Association in Peru.
One mobile phone app delivers time-sensitive text messages or voicemails to pregnant women and new mothers; the other is for nurses. Together they are doing wonders for maternal and pregnancy health care and raising community awareness at the same time.
A group of young men armed with clubs, claiming that "there's no Ebola" in Liberia, raided a quarantine center for the deadly disease in Monrovia overnight, prompting about 20 patients infected with the deadly virus to flee, a witness said Sunday.
Fair-Trade certified coffee has become known as an easy way for coffee drinkers to make the world a better place for coffee growers, many of whom are among the world’s poorest people. But a study released in April 2014 seriously questions how much fair-trade certification really does for them.
New York City-based venture firm Collaborative Fund, and CircleUp, the fundraising platform for “anything but tech” startups, have partnered to invest $4 million into certified B Corps, said CircleUp co-founder Ryan Caldbeck.
On Thursday, when the Reserve Bank of India (RBI) permitted banks to charge customers for using other bank ATMs more than thrice a month and that of own-banks more than five times, the apex bank was contradicting its own stated policy stance of encouraging public to alternative banking channels and, then gradually, to paperless banking.
SLEEPING in the open on top of his mansion was a nightly routine for William Lever, founder of what is now Unilever, an Anglo-Dutch consumer-goods giant. When Paul Polman became chief executive of the soap-to-ice-cream-maker in 2009 (joining from a Swiss rival, Nestlé), the Dutchman spent a night in Lever’s rooftop bed as part of a total immersion in the history of his new firm. It helped persuade him, a year later, to launch a “Sustainable Living Plan”, the name for his attempt to make Unilever the pre-eminent example of how to do capitalism responsibly, just as it had once been under Lever.
There's a lot of excitement about impact investing these days. The industry's main goal, to make money while making a difference, is very enticing. However, with the lack of information on successful impact investments, it's hard to know if impact investments are truly making an impact.
Renewable-energy developers plan to invest $7 billion for wind and solar projects in Chile. The government awarded 70 concessions for solar power projects and six for wind farms, the country’s Energy Minister Maximo Pacheco told reporters today in Santiago. There were more than 30 recipients.
MUMBAI: Government has agreed to give banks some commission for pursuing the financial inclusion plan announced by the prime minister on the Independence Day.
Investing is no longer about style boxes.
Airtel Uganda, in conjunction with Grameen Foundation, has developed a service that will allow Village Savings and Loan Associations (VSLAs) and other forms of savings groups, such as Chamas or investment clubs, to store their group’s cash as mobile money.
Today, the prime minister will stand at the Red Fort to address the nation. For a generation, the Independence Day speech has been about India's mind-blowing progress - and today's will be no different.
Meet the newest investing buzzword on the block.
Till a few years ago, Sachin Dhaval had to visit the collection centre of SUMUL, the Surat-based milk co-operative, to pay cash a day in advance for placing his orders.
NPR's global health correspondent Jason Beaubien tries to keep his cool when traveling abroad. But he may have set a new record for chillness.
People & Power goes undercover to reveal how 'voluntourism' could be fuelling the exploitation of Cambodian children.
The husband-and-wife team of Mehdi Yazdany and Sarvenaz Heraner were cruising the streets of Iran's sprawling capital in search of targets.
Prime Minister Narendra Modi promised on Friday greater access to financial services for nearly 500 million Indians who do not have a bank account, many of whom are now at the mercy of money lenders who charge extortionate interest.
Indonesian mobile operator Indosat is making it easier and more secure for Indonesians working abroad to send money back home to family and friends by adding the MasterCard-backed HomeSend service to its offerings, the telco said this week.
The rural health clinic in Kimalamisale, Tanzania, sits at the end of a rutted sandy road some 160 miles from the nearest large town.
AFRICAN Bank may have been the first to fall, but this is just one part of a tragic story that concerns all microlenders who provide cash loans to fund consumption, which affects SA much more broadly and deeply than the collapse of a single business.
The Diaspora Mobile money transfer service from Rapid Communications’ is now in Uganda, Tanzania and Senegal only a month after it was unveiled in Kenya.
China and India collectively represent more than 35 percent of humanity. Both countries have lifted hundreds of millions of people out of poverty in the last two decades. However, the developmental challenges that India and China have yet to surmount are mammoth. The public health sector is a crucial part of this challenge.
AFRICAN Bank has been bailed out as the Reserve Bank said on Sunday it would pay R7bn for its bad loan book, which allows it to continue lending and safeguards its retail deposits.
Indian-origin doctors across the globe have joined hands with the Indian government to launch a web portal for sharing expertise, skills, knowledge and resources with those in need of such services in India.
Corporate leaders and other representatives from the private sector pledged their support for health and health development in Africa at a roundtable meeting organised by Amref Health Africa in Nairobi today.
For young social entrepreneurs, fellowships such as Thiel, Ashoka, and Echoing Green provide guidance and resources that can be essential for launching their projects without having a college affiliation.
Janalakshmi, a microfinance institution headquartered in Bangalore, announced that it had closed its Series D primary equity raise of INR 3.25 billion.
There will be more Indians on the internet by the end of this year than there are Americans, according to Rajan Anandan. He should know; Anandan heads up Google in India.
On July 10, the National Pharmaceutical Pricing Authority (NPPA) arbitrarily fixed prices for all anti-diabetic and cardiovascular drugs outside the scope of the Drug Price Control Order (DPCO) 2013, with no warning to manufacturers.
British brokerage Barclays today said returns from financial inclusion, in the form of savings through reduced leakages, better tax collection and improved savings, would be much higher than the cost incurred.
The Ebola outbreak in West Africa is a matter of justice and ethics, experts said Tuesday. This has to do with medical testing and international funding.
How can fast-growing developing economies close the inequality gap and ensure that economic growth is followed by structural transformation that not only reduces poverty but also improves access to opportunities, promotes mobility and enhances social capital? They need to find ways to provide growth and “something else” or opportunities for social cohesion and mobility for those at the bottom of the pyramid, Julie T. Katzman, executive vice president and COO at the Inter-American Development Bank said during an interview with Devex on the sidelines of the event in Paris.
A Stanford University student re-invents an ancient earthen material--adobe--to work well in a country where dirt floors can cause death.
In a recent retrospective, Rich Rosenberg called Pancho Otero, the founding leader of Bolivia's Prodem and BancoSol, a genius. Elisabeth Rhyne tell the story of who Otero was and what he accomplished.
Microfinance companies have committed to opening at least 30 million bank accounts within a year through tie-ups with banks as part of the government’s ambitious financial inclusion plan likely to be announced on Independence Day.
Weeks under the strain of bad news, much uncertainty and no direct support are taking a toll on rural towns like Rotifunk, in Bumpeh Chiefdom, the focus of my all-volunteer nonprofit Sherbro Foundation Sierra Leone.
Africans have long used technology developed abroad, but now a Kenyan cash transfer network which bypasses banks is being adopted in Europe.
A striking thing in the BJP’s maiden budget was integrating gender in the macroeconomic policy framework.
Statistics from the Central Bank of Kenya indicate that Kenyans transferred over KES 1 trillion between January and June this year.
In Bihar alone, at least 14 attacks on bank kiosk operators have been reported in the last two years
Consumers Who Subscribe to MTN Mobile Money Can Now Receive a Western Union Money Transfer Transaction on Their Mobile Phones
According to survey by microfinance institution network (MFIN), published in February this year, nine out of 14 MFIs closed their operation as BCs in the recent past.
Reserve Bank of India governor Raghuram Rajan made a strong pitch for direct cash transfers to the poor, saying this would help reduce corruption by breaking the "cycle of dependence".
India is making essential changes to the way that it operates its food aid program for the poor.
NEW YORK - The horrific Ebola epidemic in at least four West African countries (Guinea, Liberia, Sierra Leone and Nigeria) demands not only an emergency response to halt the outbreak; it also calls for rethinking some basic assumptions of global public health.
The new South Africa-based Global Health Innovation Accelerator (GHIA) launching today will speed the development and introduction of sustainable, high-impact health technologies that can save the lives of vulnerable women and children in South Africa and beyond.
A new vaccine that can halve the number of dengue cases provides a welcome shot to fight a deadly disease that infects around 390 million people every year in the tropics.
A Silicon Valley startup called Matternet is pioneering a pilot program that uses drones to connect rural care providers with major hospitals in Bhutan.
It is ethical to offer unproven drugs or vaccines to people infected or at risk in West Africa's deadly Ebola outbreak, a World Health Organisation panel of medical ethics experts ruled on Tuesday, but cautioned supplies will be limited.
Zoe Cohen produces her Zoko Bags from Kenya. Here's how she got her start as a destination entrepreneur.
Not everyone is confident about the prospects for replicating what might prove to be a one-off experiment, says Stephen Cook
New approach to knocking out parasite’s genes could make it easier to identify drug targets.
Liberia's information minister has admitted that the country's health care system has been overwhelmed by the spread of the deadly Ebola virus.
Apollo Hospitals Ltd is actively looking at expansion with the hub and spoke model and harnessing the telemedicine technology.
The Prime Minister is expected to outline a policy on financial inclusion in his maiden speech from the ramparts of Red Fort on August 15, 2014.
Novartis has trained more than 500 health educators and supervisors, addressing healthcare issues for remote communities in emerging markets
The finance ministry has decided to limit Aadhaar's role in its welfare scheme payments and, instead, use ATM-enables RuPay cards for last-mile authentication to withdraw money.
An Ebola vaccine should be ready for public use by 2015, the United Nation’s health agency has said.
Airtel Nigeria has collaborated with MicroEnsure and Cornerstone Insurance in order to launch its latest, free insurance product.
Philippine Long Distance Telephone Company is purchasing a 10% stake in Rocket, a German e-commerce investment firm. The deal will combine the Philippines telecom operator’s mobile expertise with Rocket's global e-commerce and web services footprint.
New Alliance agriculture initiative risks prioritising profit over people and pushing poor farmers further into poverty
Investors in a pioneering social impact bond project in the U.K. will have to wait another two years for a return on their gamble on good.
The earliest the world can expect a vaccine to curb spreading of Ebola in West Africa is about a year away, scientists say.
The rumblings of an Indian healthcare earthquake have been gathering pace for some years but the arrival of a new government with a mandate of progressive reform promises to make the earth move for pharma.
Better remuneration to distributors and policies with bigger ticket size may boost sale
For the first time, there is strong evidence to support the claim that girls education is a great investment. But it goes further than that. Secondary education might be the best way to improve the health of both mothers and their children.
WASHINGTON, Aug 7 2014 (IPS) - As the three-day U.S- Africa Leaders Summit here drew to a close Wednesday, experts across the private, public and non-profit sectors continued to debate the opportunities and obstacles posed by the U.S’ expanding business partnership with Africa.
Today, the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR), in partnership with the Children’s Investment Fund Foundation (CIFF), launched Accelerating Children’s HIV/AIDS Treatment (ACT).
In the late 1970s, the Chicago Police Department noticed that the city’s crime rate increased when cops stopped walking the beat and started driving around in patrol cars instead.
This week, President Barack Obama is hosting the first ever U.S.-Africa Leaders Summit in Washington, D.C., welcoming leaders from across the African continent to discuss trade and investment, with an eye toward security, peace and democratic development. Importantly, these high-level meetings will also include discussions of the future of global health investments and the U.S.-Africa partnership in reaching an AIDS-free generation.
The World Bank Group today committed $5 billion in new technical and financial support for energy projects in six African countries-- Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania—which have partnered with President Obama’s Power Africa initiative.
AS technological convergence redefines business models across nearly every industry, mobile telecommunications companies have shown a growing appetite for innovation in order to survive and thrive in a fast-paced and unpredictable environment.
This week U.S. investors and African leaders from the African continent will converge on Washington D.C. for the inaugural US - Africa Leader's Summit.
When Red Cross workers are helping with disaster relief in the middle of war-torn areas or natural disasters, the last thing they need to deal with are money-transfer headaches to secure critical supplies and services.
Over 220,000 BCs had been appointed by banks after the RBI pushed this as a cost-effective way of extending banking services to the unbanked villages
Online technology has improved the ability to detect and track outbreaks
Anyone working in the public health sphere knows that things are looking up when a group of experts deliberating over solutions to diseases go beyond the rhetoric and come up with unique and easily applicable ideas.
In the United States, a whopping 543,000 new businesses are launched each month. Sadly, half of all start-ups aren’t able to keep their doors open for more than five years. The failure of many small businesses is due, in large part, to lack of funding.
The United States government has expressed the expectation of Nigeria to lead the African continent into economic advancement.
Looks like there’s a growing interest among social enterprises in a capital-raising method called Direct Public Offering (DPO).
This week in Washington, dozens of African heads of state are converging for a landmark series of meetings with U.S. officials and businesses.
Science and technology must be at the heart of the debate at the first-ever US-Africa Leaders Summit that starts today, policy experts argue, as they call for 100,000 new science graduate places in the United States for Africans over the next ten years.
Unitus Capital, an investment banking firm focussed on meeting the financing needs of impact entrepreneurs serving the bottom of the economic pyramid, has announced that it has crossed the $1 billion mark in raising funds.
Foundation's focus on corporate social innovation helps put people on the path to prosperity
Ebola’s deadly sweep across West Africa has raised global alarm: Nigeria recently became the fourth country affected by the virus when a traveler fell ill and died in Lagos after flying there from Monrovia.
The GE Foundation will spend an additional $20-million over the next five years to advance maternal and child health in Africa, an expansion of its existing global health development program, officials say.
Anti-malaria efforts have been gaining significant traction and progress in the past couple of years, particularly in Africa, with a 54 percent decline in child malaria deaths.
[MELBOURNE] Getting men to choose voluntary circumcision is seen as essential in preventing new cases of HIV infection in heterosexual men and women.
Billions have been spent to bring AIDS medicines to patients in Africa, but a technology with just as much lifesaving potential can be had for pennies: the text message.
?WASHINGTON, D.C. - The U.S. Agency for International Development (USAID) and The Rockefeller Foundation announced today a $100 million Global Resilience Partnership that lays out a bold new vision for building resilience to chronic stresses and increasing shocks in communities across Africa and Asia.
Health workers struggle to separate myth from reality of Ebola as residents say abandoning tradition is out of the question
Last week, the World Bank released a draft of its proposed new environmental and social safeguards.
In the past few years, the social enterprise space has evolved rapidly from a concept that required explanation to a trend everyone is eager to join.
Africa offers US multinationals a compelling trade and investment opportunity thanks to the rapid economic growth rates being experienced across the continent along with burgeoning population growth and increasing urbanisation, according to South African-based Standard Bank.
Industry players say a fragmented and tough regulatory environment is holding the mobile money industry back.
The companies manufacturing an experimental drug treating two American Ebola patients aren't among the largest multinational pharmaceuticals in the world. In fact, leading the effort is a small nine-employee firm in San Diego.
Following a disastrous South African launch in 2010, Vodacom has redesigned and re launched m-pesa, the mobile money service that has transformed the Kenyan economy. ARTHUR GOLDSTUCK considers its chances of success.
The banks wouldn't give him a loan, so Cameroonian Georges Badjangs approached a crowdfunding platform. Although relatively unknown in Africa, this alternative source of finance is helping his firm grow.
An AIDS fable: Once upon a time, in the years after AIDS went from being a death sentence to a manageable disease, at least for people rich enough to take antiretroviral therapy, many of the people who ran the world believed that these medicines weren’t appropriate for residents of very poor countries.
NEW DELHI: In less than two weeks, PM Narendra Modi is expected to announce a new Financial Inclusion drive.
The United Nations Development Programme (UNDP) published its annual Human Development Report, which focuses on human vulnerability worldwide, last week.
Professor John Ashton said the pharmaceutical industry was being slow because it had only affected Africa and not the Western world
U.S. President Barack Obama’s visit to three African countries last summer might have been dubbed the “trade not aid” tour.