Our Staff Writers and Editors offer insights on the latest news, events, interviews and other happenings from the development through enterprise and base of the pyramid universes
Monday, August 17, 2015 — Europe & Eurasia

Why the United Nations Doesn’t Pay Its Interns

Source: The Washington Post

Given all the dark and terrible events happening around the world right now, the plight of a 22-year-old living in a tent in Geneva may seem fairly inconsequential. And yet, the story of David Hyde – an unpaid United Nations intern who set up camp by Lake Geneva to save money – has clearly struck a chord with many all around the world. It's already had some small consequences, too: Hyde has resigned from his internship due to the media pressure.
Friday, July 31, 2015 — Europe & Eurasia

A New Space Race - To Grow Social Enterprise

Source: The Huffington Post

Returning to San Francisco from Milan where I had met some of the 700 international delegates attending the Social Enterprise World Forum, I found my mind wandering to the 'space race' of the 1950s and 1960s. Space became a key battlefield of the Cold War. It was a proving ground for which political-economic system -- the U.S. or the Soviet Union -- had the right to claim its prowess.
Friday, July 10, 2015 — Europe & Eurasia

Greek Debt Crisis: 'Of All the Damage, Healthcare Has Been Hit the Worst'

Source: The Guardian

Above a dark, tatty arcade of wholesale button traders and empty shop fronts in Thessaloniki, Greece’s second largest city, one mother was rocking a sick baby and another was carrying a toddler as they waited to see a volunteer paediatrician in the brightly painted clinic run by the Greek branch of the NGO Doctors of the World.
Thursday, June 4, 2015 — Europe & Eurasia

A New U.N. Health Goal Targets Folks 69 and Under. Ageism or Realism?

Source: NPR

In September, the U.N. will vote to adopt 17 Sustainable Development Goals (aka SDGs). They cover issues like poverty, health and climate change. The idea is to encourage the 192 U.N. member states to establish policies that will make the world a better place over the next 15 years.
Thursday, May 28, 2015 — Europe & Eurasia

Norway's $900 billion sovereign wealth fund to slash coal investments

Source: Associated Press

Norway has made a big move toward dropping investments in coal companies by its massive $900 billion sovereign wealth fund because of their impact on climate change.
Monday, May 18, 2015 — Europe & Eurasia

Cambridge University to Adopt Ethical Approach to Multibillion-Dollar Fund

Source: The Wall Street Journal

One of the world’s oldest—and richest—universities has decided to adopt a more “ethical” approach to investing its multibillion-dollar endowment fund.
Tuesday, May 12, 2015 — Europe & Eurasia

Vodafone's M-Pesa Mobile Money Service Goes Live in Albania

Source: Telecompaper

Vodafone Albania officially launched the M-Pesa mobile payment service during a press conference held in the capital Tirana. Vodafone Albania is the second Vodafone operator in Europe to offer the service, following Vodafone Romania in April 2014.
Tuesday, May 5, 2015 — Europe & Eurasia

Pocket-Sized Fingerprint Scanner Could Solve Healthcare Bottleneck

Source: Reuters

British postgraduate students have devised a pocket-sized fingerprint scanner designed to help patients in the developing world get improved access to healthcare.
Thursday, April 16, 2015 — Europe & Eurasia

Viewpoint: Health Can Tackle (and Measure) Inequities

Source: Devex

We know that globally there are sufficient funds available to provide basic health services to everyone, everywhere.
Monday, March 30, 2015 — Europe & Eurasia

Social Investment Problems Include 'Too Much Hype and Hubris and Not Enough Transparency' Says Report

Source: Civil Society

Social investment in the UK requires less hype, more transparency from lenders and more focus on the needs of charities and social enterprises if it is going to succeed, according to a commission of thinkers and practitioners in the world of social finance.
Friday, March 20, 2015 — Europe & Eurasia

In Boon for Bitcoin, UK to Regulate Digital Currency Exchanges

Source: Yahoo!

Britain took a significant step towards becoming a global bitcoin hub on Wednesday as the government announced it would regulate digital currencies for the first time by applying anti-money laundering rules to exchanges.
Thursday, March 12, 2015 — Europe & Eurasia

How The UN Plans To Use Innovation and Entrepreneurship for Sustainable Development

Source: Forbes

Several months ago, I wrote a post that was critical of ongoing efforts by the United Nations to renew theirMillennium Development Goals (MDG’s) – to be called the Sustainable Development Goals (SDG’s) moving forward. My concern with the plan stemmed from the fact that we have seen incredible progress in areas of international development as a result of innovation, social entrepreneurship and good policy. And yet, “Draft Zero” of the Sustainable Development Goals, did not showcase the learnings of the last 15 years, and instead, seemed like a laundry list of interest-group agenda items lumped together.
Monday, March 9, 2015 — Europe & Eurasia

Phone Camera Checks Water for Arsenic

Source: Chemistry World

UK scientists have developed a mobile phone-based system to help people avoid drinking water contaminated with arsenic.1 The phone’s camera measures quantum dot fluorescence in response to arsenic, achieving a limit of detection as low as 5µM.
Monday, March 9, 2015 — Europe & Eurasia

A $20 Gadget that Can Save 70,000 Mothers a Year

Source: The New Zealand Herald

The lives of tens of thousands of new mothers around the world could be saved by a simple, hand-held, British-made device costing only £12, which runs on a mobile-phone charger and is set to be introduced in hospitals across Africa, India and Pakistan.
Friday, February 27, 2015 — Europe & Eurasia

Press Release: Global Health Partners Begin Building a New Approach to Ensure Equitable Access to Medicines

Source: The Global Fund

Global health partners met in Geneva to begin the process of building a new approach to better determine health needs and constraints and addressing them in countries.
Tuesday, February 24, 2015 — Europe & Eurasia

Kompanion Financial Group Completes Equity Raise with Investment from FMO and Triodos Investment Management

Source: Kompanion

Kompanion Financial Group, one of the largest microfinance institutions in the Kyrgyz Republic both by loan portfolio and number of clients, has concluded an equity raise selling a 35% stake to international investors. The shares were purchased by Netherlands based investors FMO and Triodos Investment Management, with the latter investing through Triodos Fair Share Fund and Triodos Microfinance Fund. Kompanion’s founder Mercy Corps will remain majority shareholder and hold a 65% stake. The funds will be used for growth capital in the lending operations and support Kompanion’s transformation to a licensed banking institution.
Tuesday, February 24, 2015 — Europe & Eurasia

Oxford Business Dean: MBA Programs Should Be More than Driving Schools

Source: Bloomberg

Saïd Business School's dean argues that MBA programs should steer students toward futures that benefit not only their institutions but the world at large.
Thursday, February 19, 2015 — Europe & Eurasia

The Secrets to Closing a $100m Venture Capital Funding Deal

Source: Real Business

London-based online money transfer business WorldRemit has closed a funding round worth $100m, backed by Technology Crossover Ventures and prior investor Accel Partners.
Wednesday, February 18, 2015 — Europe & Eurasia

Swiss Prosecutor Raids HSBC Office, Opens Criminal Inquiry

Source: Reuters

Geneva's public prosecutor searched HSBC's (HSBA.L) lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week.
Wednesday, February 11, 2015 — Europe & Eurasia

Profit for Good at Rottendorf Pharmaceuticals

Source: Outsourced Pharma

Let’s deal with the name first. If you’re like me, it would’ve been a distraction throughout the article if we hadn’t. The company is named after its German founder and patron, Andreas J. Rottendorf (1897-1971). As per the organization’s founding charter, it can’t be changed.
Thursday, January 29, 2015 — Europe & Eurasia

UK University Ranking Reveals Global Health Neglect

Source: Science and Development Network

The United Kingdom’s top medical research universities spend just two per cent of their health research budgets on work related to health in developing countries, according to a study launched last week.
Thursday, January 22, 2015 — Europe & Eurasia

Davos 2015: Live Updates From the World Economic Forum

Source: The Huffington Post

Wednesday marks the second day of the 2015 World Economic Forum, also known as the Davos Annual Meeting.
Wednesday, January 21, 2015 — Europe & Eurasia

Many Universities ‘Failing to Address Public Health Needs of World’s Poor’

Source: Times Higher Education

Most of the top-funded universities for medical science are not doing enough to address the needs of the world’s poorest people in terms of public health research, according to a new ranking.
Tuesday, January 20, 2015 — Europe & Eurasia

Liter of Light Wins Zayed Future Energy Prize

Source: Zawya

Litre of Light, a project in partnership with PepsiCo that brings cost effective solar lighting solutions to communities in need while recycling plastic bottles, has been honoured as the winning entry in the Zayed Future Energy Prize Non-Profit Organization category.
Monday, January 19, 2015 — Europe & Eurasia

Johnson Gets €100m From Europe's IMI to Accelerate Ebola Vaccine Development

Source: Pharmaceutical Business Review

Johnson & Johnson (JNJ) through a consortium, which includes research institutions and non-government organizations, is set to receive around €100m ($115m) from Europe's Innovative Medicines Initiative (IMI) to speed up the development of its Ebola vaccine regimen.
Friday, January 16, 2015 — Europe & Eurasia

Arctic Waters Could Hold Secret to Creating Life-Saving Drugs

Source: CNN

It is early afternoon on board the "Helmer Hanssen," and the Arctic sun is already starting to set. Near the back of the ship, two people dressed in orange rain slickers are anxiously waiting. Any minute now, the ship's lines will pull taut, and a green mesh bag will be back up on deck.
Thursday, January 15, 2015 — Europe & Eurasia

PRESS RELEASE: Unified Signal, Inc's Mobile Wallet Software Solution Chosen to Launch Mobile Payments in Serbia

Source: Market Wired

Unified Signal, Inc. (OTCQB: UNSI), a leading software system in the telecommunications and mobile payments industry, today announced that it has received approval from the Central Bank of Serbia to enable the country of Serbia with its 7+ million population with the company's innovative and secure mobile wallet technology. Once deployed, the technology will allow Serbian expats in the US to move money to people living in Serbia and vice versa. Money will be transferred in real time to the recipient and for a fraction of the cost of industry competitors. The system will also allow for all people living in Serbia to freely pay for goods and services using their mobile phone.
Thursday, January 15, 2015 — Europe & Eurasia

Britain's CDC Invests $48 Million in Narayana Hrudayalaya

Source: The Economic Times

British government-owned development finance institution CDC has invested $48 million in Bengaluru-based Narayana Hrudayalaya hospital chains for a minority share.
Tuesday, January 13, 2015 — Europe & Eurasia

Institutional Investors Making Renewables Key Future Trend

Source: Investments and Pensions Europe

Institutional investors are increasingly aligning their investments with energy technologies of the future, a new report claims.
Friday, November 21, 2014 — Europe & Eurasia

Africa's Mobile Money Makes its Way to Europe with M-Pesa

Source: CNN

Snapchat may be the latest application with a new mobile payment feature launched this week, but the idea that made Snapcash possible was spawned more than seven years ago in Africa.
Thursday, October 9, 2014 — Europe & Eurasia

Impact investing market grows 132% from 2011-2013 in Europe

Source: Professional Pensions

Responsible investment strategies grew at a much faster rate than the European market as a whole between 2011 and 2013, according to research by the European Sustainable Investment Forum (EUROSIF).
Friday, May 2, 2014 — Europe & Eurasia

U.K. Institutional Investors Keen to Increase Social Investment Activity, Says Report

Source: Civil Society News

New sources of capital for the UK social investment market are likely to be local authority pension funds, charities with large endowments and housing associations, says a new report.
Tuesday, April 29, 2014 — Europe & Eurasia

Jamaica Micro Financing Association Urges Microfinancers to Lend to SMEs

Source: Jamaica Observer

Chairman the Jamaica Micro Financing Association (JaMFA) Hurshel Cyrus has challenged his colleagues to increase funding to the micro, small and medium-sized (MSME) sector.
Tuesday, April 29, 2014 — Europe & Eurasia

Can Islamic Finance Bridge Asia’s Infrastructure Deficit?

Source: East Asian Forum

The global Islamic debt securities (sukuk) market has grown rapidly, from just US$15 billion in 2001 to US$281 billion in 2013. This increase has been led by Malaysia, which accounts for nearly 60 per cent of total outstanding sukuk.
Thursday, April 17, 2014 — Europe & Eurasia

Department For International Development Announces UK's First Development Impact Bond

Source: Civil Society News

The UK is to launch the first development impact bond - an international version of the social impact bond - International Development Secretary Justine Greening has said.
Thursday, March 20, 2014 — Europe & Eurasia

UK Boosts Social Enterprise With 30% Tax Relief on Social Investments

Source: Thomson Reuters Foundation

A move welcomed by campaigners and industry experts as potentially unlocking millions of pounds for social enterprises.
Tuesday, March 11, 2014 — Europe & Eurasia

German Company Wins Inaugural EU Prize For Innovative Vaccine Technology

Source: RTT News

The European Commission offered the prize, worth EUR2 million, to encourage inventors to overcome one of the biggest barriers to using vaccines in developing countries: the need to keep them stable at any ambient temperature.
Wednesday, May 15, 2013 — Europe & Eurasia

SARS-Like Virus Vaccine Unlikely, Experts Say

Source: ABC News

A virus similar to SARS has spread through hospitals in Europe and the Middle East, prompting fears of human-to-human transmission.
Tuesday, May 14, 2013 — Europe & Eurasia

New global surveillance tool detects, monitors public concerns about vaccines in real time

Source: Medical XPress

Scientists have developed a global media surveillance system that enables them to look for, and systematically monitor, up-to-the-minute public concerns and rumors about vaccines originating from 144 countries.
Monday, April 22, 2013 — Europe & Eurasia

10 Things I Learned At Skoll World Forum 2013

Source: Forbes

The 10th annual Skoll World Forum, which brought together several hundred of the world’s leading social entrepreneurs to Oxford, wrapped up last week.
Wednesday, March 13, 2013 — Europe & Eurasia

Building A Cell Phone That Doesn’t Kill People

Source: Co.Exist

Bas van Abel leads an innovative electronics company. But, unlike Apple or Samsung, he’s not particularly interested in the latest voice activation or finger-swiping technology.
Tuesday, March 5, 2013 — Europe & Eurasia

In Turkey, Economic Opportunities for Women Coincide With More Domestic Abuse

Source: PBS Newshour

In Turkey, a fast-changing society has brought new opportunities for women, but also increased domestic abuse.
Wednesday, February 27, 2013 — Europe & Eurasia

What the NHS can learn from innovative healthcare practices abroad

Source: The Guardian

From clinical services to specialised care, there are many models of affordable healthcare.
Thursday, November 29, 2012 — Europe & Eurasia

Three Things Governments Should Do For Social Entrepreneurship

Source: Forbes

Today, Europe’s leaders are discussing a $1,000 bn budget framework for the EU, and for the first time, there are budget lines for social entrepreneurship – although you may have to find them with a very large magnifying glass.
Monday, November 19, 2012 — Europe & Eurasia

Unilever's Hygiene Brand Domestos To Break Taboo Of The Loo

Source: CSR Wire

LONDON And ROTTERDAM, Nov. 19 /CSRwire/ - Unilever, through its leading hygiene brand Domestos, today – World Toilet Day - announced new initiatives to raise awareness for the global sanitation crisis. ‘Toilets for Health’, a white paper by the London School of Hygiene and Tropical Medicine and Domestos, gives new insights in the sanitation crisis.
Thursday, October 11, 2012 — Europe & Eurasia

GlaxoSmithKline opens door on data in bid to aid discovery of medicines

Source: The Guardian

British drugs company releases findings of clinical trials and announces new effort to find tropical disease cures
Friday, October 5, 2012 — Europe & Eurasia

Kyrgyzstan's Leading Microfinance Institution, Bai Tushum, Becomes A Bank

Source: The Herald Online

BISHKEK, Kyrgyzstan, Oct. 5, 2012 — /PRNewswire-USNewswire/ -- On September 26 microfinance company Bai Tushum and Partners received preliminary permission from the National Bank of the Kyrgyz Republic to operate as a bank.
Friday, September 28, 2012 — Europe & Eurasia

Deutsche Bank Announces Essential Capital Fund at 2012 Clinton Global Initiative Annual Meeting

Source: Daily Finance

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced its Commitment to Action at the Clinton Global Initiative (CGI) Annual Meeting. The commitment was to the structuring of the Essential Capital Fund (the "Fund") which defines an innovative approach to providing early stage high risk money to support the impact investing sector.
Friday, September 21, 2012 — Europe & Eurasia

Apply for the Siemens Stiftung Foundation: Empowering People Award


With the “empowering people. Award”, the Siemens Stiftung would like to identify efficient technical solutions which empower people in developing and emerging countries to independently combat existential problems in basic supply.
Thursday, September 20, 2012 — Europe & Eurasia

Microfinance Leaders Launch Global Appeal For Responsible Industry Practices

Source: MarketWatch Press Release

WASHINGTON and PARIS, Sept. 20, 2012 /PRNewswire via COMTEX/ -- Microfinance leaders today unveiled the "Global Appeal for Responsible Microfinance," a landmark document urging all microfinance stakeholders to take concerted action to ensure a strong and principled microfinance industry. The Appeal was announced at the Convergences 2015 World Forum in Paris.
Wednesday, August 29, 2012 — Europe & Eurasia

Reverse innovation brings social solutions to developed countries

Source: The Guardian

Social entrepreneurship often focuses on finding solutions to problems in the developing world. But, as the European Union battles with the ongoing recession and the US experiences rising levels of poverty, social enterprise solutions are increasingly appropriate in advanced industrial countries as well.
Tuesday, August 28, 2012 — Europe & Eurasia

Unilever sees 'return to poverty' in Europe

Source: The Telegraph

Unilever will adopt marketing strategies used in developing countries in order to drive future growth in Europe, as the head of its European business warned that poverty will rise in the region as a result of the debt crisis.
Tuesday, May 29, 2012 — Europe & Eurasia

What Exactly Is Social Entrepreneurship?

Source: Forbes

We’re talking about success and social value. Today many people lump this in a special category: social entrepreneurship. We’re not sure exactly what that is, so we’re interested in learning more. As it turns out, so were two Tuck class of 2013 students, Christopher Halstedt and Brad Callow. This past spring they did an independent study Senior Associate Dean Bob Hansen and Gregg on exactly this topic. They set out to see if they could understand what exactly is social entrepreneurship and how it creates social value. Here are some excerpts from what they found:
Thursday, May 17, 2012 — Europe & Eurasia

Social Edge to Merge with Skoll World Forum

Source: Skoll Foundation/Press Release

The Skoll Foundation today announced the merging of Social Edge and Skoll World Forum into a new year-round platform, Skoll World Forum Online:
Tuesday, March 27, 2012 — Europe & Eurasia

The Argidius Foundation and ANDE Announce Finance Challenge to Stimulate Small Businesses in Emerging Markets

Source: Press Release

Competition aimed at providing entrepreneurial finance will award up to two million euros
Friday, March 16, 2012 — Europe & Eurasia

Finding the Line Between Technical and Political Solutions to Water Challenges

Source: The Guardian

Technology can increase access to water and sanitation; other solutions seem to hinge on policy. But are the two areas distinct?
Friday, December 9, 2011 — Europe & Eurasia

Global Microcredit Summit 2011 Report

Source: Microfinance Focus

Monday, November 14th 2011 saw the culmination of several years of delicate preparation in a packed conference centre in Valladolid, Spain. The fifth Global Microcredit Summit (held every few years - with regional conferences in between) kicked off in the magnificent Centro Cultural Miguel Delibes, with an opening ceremony full of music, pomp, and a great deal of gratitude - in the particular direction of Sam Daley-Harris, the outgoing Director of the Microcredit Summit Campaign. Queen ...
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Tuesday, December 6, 2011 — Europe & Eurasia

Endeavor Takes Center Stage at Global Entrepreneurship Summit in Istanbul

Source: Business Wire

ISTANBUL--( BUSINESS WIRE )--This week, more than 120 Endeavor network members have gathered in Istanbul to participate in the 2 nd ...
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Tuesday, November 29, 2011 — Europe & Eurasia

HSBC Invests ?4m in Big Issue Invest Social Enterprise Fund

Source: Civil Society

Big Issue Invest has edged closer to its £10m target for its Social Enterprise Investment Fund, with HSBC Bank investing £4m, bringing the total committed capital to £8m. Big Issue Invest (BII) is now seeking to raise a further £2m to complete its £10m target by the March 2012. The Social Enterprise Investment fund aims to provide creatively structured, medium-term growth capital to social enterprises that have the potential to have a significant social imp...
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Tuesday, November 22, 2011 — Europe & Eurasia

A Decade of Microfinance and Improved Child Well-being in Kosovo

Source: AlertNet

Ten years after microfinance institution (MFI) KosInvest began work in Kosovo, its clients, staff and partners are celebrating improved child well-being thanks to loans for poor rural families and the peacebuilding work of World Vision in Kosovo. Since its inception, KosInvest has impacted the lives of 40,000 children through 12,000 loans totaling US$24 million and 16,000 jobs, which have been created or sustained through microfinance. KosInvest was established in 20...
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Tuesday, November 22, 2011 — Europe & Eurasia

Microfinance Works - For the Rich


VALLADOLID, Spain, Nov 18 (IPS) - Jesús Guerra, a volunteer at this week's Fifth Global Microcredit Summit in this Spanish town, was nonplussed by the expensive gold watch sported by a banker from a developing country. "When I volunteered to help at the Summit I thought this was different," Guerra told IPS. "I believed that everybody who worked in microfinance wanted to end social injustices, but here I am listening to a lot of people saying that the goal i...
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Wednesday, November 16, 2011 — Europe & Eurasia

?Challenges and Solutions? on Day Two of the Global Microcredit Summit

Source: Microfinance Focus

"What's the one thing you know for sure about clients of microfinance?" This was the question with which the lead author of a new paper, Anton Simanowitz, began the plenary session on day two of the Global Microcredit Summit 2011. "The answer", he said, "is that at some point, they will suffer a shock beyond what they can cope with; and which is greater than their incomes". How MFIs understanding this fact, face up to it, plan for it, determines whether microfinance has ...
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Tuesday, November 15, 2011 — Europe & Eurasia

Proposed Seal of Excellence Dominates Day One of Global Microcredit Summit

Source: Microfinance Focus

There are summits virtually every week nowadays. Networks, funds, and commercial banks - everyone seems to be inviting everyone along to come and discuss the future of the industry. For the most part, these conferences can be little more than distractions at best. At worst, they can be junkets: opportunities for a trip to a new place while the poor MFI, which is struggling anyway, foots the bill. The Global Microcredit Summit, one must admit, is different. For one thing, it happens ever...
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Friday, November 11, 2011 — Europe & Eurasia

Social Business is About Future of Humanity

Source: The Daily Star

The third Global Social Business Summit began in Vienna yesterday to discuss the progress of global movement of the new business concept to find ways to tackle the most pressing needs of the world. Chancellor of Austria Werner Faymann inaugurated the summit at the Congress Centre of the Austrian capital. Dr Michael Haupl, mayor of Vienna, greeted more than 500 delegates from 56 countries. With the motto of "Pioneering for Results," the 2011 summit has brought together indivi...
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Wednesday, October 19, 2011 — Europe & Eurasia

Why We Prefer Social Enterprises and Co-ops as Business Partners


At HCT Group, we believe that social enterprises and co-ops make natural business partners. When the time comes to find a new supplier, we will always ask if a social enterprise or a co-op can fit the bill. The recent publication from Social Enterprise UK, Fightback Britain showed that 29% of all social enterprises receive some work from other social enterprises. We would have hoped that that number...
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Wednesday, October 12, 2011 — Europe & Eurasia

Afghanistan's Vast Mineral Deposits Could Lift it Out of Poverty


For all the column inches and hours of negotiations spent discussing Afghanistan 's recent past, present and future, one of the most pressing parts of the puzzle remains largely overlooked and poorly understood. The country sits on top of vast mineral deposits, which, if properly managed, offer the best chance of lifting a generation out of poverty and weaning the country off internati...
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Monday, September 26, 2011 — Europe & Eurasia

Social Enterprise: Summit Says that the Geography of the World's Poverty Has Changed

Source: Justmeans

It is clear that our changing world needs new approaches, flexible thinking and more social enterprise. Recent global factors such as the financial collapse, the food and fuel price crisis, and the increasingly rapid burn of climate change has been a challenge for the current model of international development. To find innovative solutions, the largest gathering of its kind with over 800 specialists organised by the Development Studies Assoc...
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Wednesday, August 24, 2011 — Europe & Eurasia

The Robin Hood Tax: A Small Step for Capitalism, a Big Stride for Development


What connects hunger in Africa, people dying for want of medicines or health care and fast-paced global capitalism? A small tax on financial transactions. A new report about computer-driven high frequency trading (HFT), compiled by supporters of the Robin Hood tax campaign, reveals a niche world of millions of transactions each day. The report highlights how HFT threate...
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Monday, August 1, 2011 — Europe & Eurasia

Impact Capital is the New Venture Capital (Part II)

Source: Reuters

The first part of this essay laid out the rationale for impact investing, whereby investors can simultaneously create social impact and achieve financial returns. How can we bring it about? First, we need an enabling environment. In the 1970s and 1980s, the venture capital community argued successfully for changes in taxation and the regulation of financial institutions ...
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Wednesday, June 8, 2011 — Europe & Eurasia

Bill Drayton receives Prince of Asturias Award in International Cooperation


Oviedo, Spain - June 8, 2011. Bill Drayton, CEO of Ashoka: Innovators for the Public, was awarded the Prince of Asturias Prize in International Cooperation today, Spain's highest honor and Nobel equivalent. An international jury deliberated over the 25 finalists from 18 different countries who were under consideration for this award, before making the announcement live via satellite. Recipients are awarded 50,000 euros, a specially commissioned Joan Miró sculpture, a di...
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Tuesday, April 19, 2011 — Europe & Eurasia

Social Performance Start-up Fund for Networks to be Launched Soon

Source: Microfinance Focus

The Social Performance Start-up Fund to support national microfinance networks in Africa, Asia and Eastern Europe, is scheduled to be launched in May, 2011. The project is funded by the Ford Foundation and will be implemented by the Microfinance Center (MFC). The SP Start-up Fund committee is the strategic advisory body for the Fund Management and will provide an opinion on the strategic decisions taken, on service providers, and ensure the accomplishment of objectives. The Social...
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Thursday, April 7, 2011 — Europe & Eurasia

Germany Gives Extra ?14 Million to Fund Child Immunizations; Gates Foundation to Match It

Source: The Canadian Press

BERLIN - The German government says it is providing an extra €14 million ($19.9 million) in funding for child immunization in the developing world as part of an agreement with the Bill and Melinda Gates Foundation. The Development Aid Ministry says the Gates foundation will match the €14 million funding of projects overseen by the Global Alliance for Vaccination and Immunization. It also will match any further pledges Germany makes over the next two years. Billionaire ph...
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Wednesday, April 6, 2011 — Europe & Eurasia

Bill Gates: International Community to Miss MDG's 2015 Deadline

Source: Devex

The U.N. Millennium Development Goals can be reached if donor countries keep their commitments to increase aid spending to 0.7 percent of their incomes, but the 2015 deadline will be likely missed by up to six years, U.S. billionaire philanthropist Bill Gates has predicted . The Bill & Melinda Gates Foundation trustee made the remarks in front of the European Parliament's Development Committee on Tuesday (April 5).
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Monday, April 4, 2011 — Europe & Eurasia

Turkish Mother of 12 Looking to Expand with Microcredit Success

Source: Daily News & Economic Review

Ay?e Gams?z, a 72-year-old widow and mother of 12, has been struggling to make ends meet by growing vegetables for the past 35 years. Despite the years of hardships, Gams?z, from the northwestern province of Düzce, has succeeded in saving enough money to send four children to university. Now, however, Gams?z has another reason to be proud after taking home an award in the Personal Struggle Category at the recent Citibank Fourth Microcredit Awards. "After my husband passed awa...
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Tuesday, March 29, 2011 — Europe & Eurasia

Archbishop Desmond Tutu to Give Keynote Address at Skoll World Forum on Social Entrepreneurship

Source: Sys-Con Media

OXFORD, England, March 29, 2011 /PRNewswire/ -- The Skoll World Forum is the leading international platform for accelerating entrepreneurial approaches and innovative solutions to the world's most pressing social issues. The theme for the 2011 Forum is 'Large Scale Change - ecosystems, networks and collaborative action.' The programme covers a wide variety of complex global issues such as water, energy, food security, climate change, peace and security, social equity and eme...
Thursday, March 10, 2011 — Europe & Eurasia

American Expat Helps Hong Kong Startups Find Footing

Source: Fast Company

The Hong Kong social enterprise scene is just getting going --and so is the startup movement. A cofounder of StartupsHK and BootHK , Jonathan Buford, tells Fast Company that it all comes down to one word: community . With the lure of the safety and comforts that come with a hi...
Wednesday, February 23, 2011 — Europe & Eurasia

Bridges Fund Tops ?11.75m with JP Morgan Investment


A fund for social entrepreneurs run by Bridges Venture has topped £11.75m following a £2.75m investment from JP Morgan. The sustainable growth investor's Bridges Social Entrepreneurs Fund opened in 2009 to address the funding gap faced by fast-growing social enterprises. Its first £9m was funded by the Office for Civil Society, Nesta, R&S Cohen Foundation, Deutsche Bank, the Esmée Fairbairn Foundation and others. The Bridges Ventures team has also alloca...
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Thursday, January 27, 2011 — Europe & Eurasia

Local ?Bridge-Maker? Turns Up at Davos


Shawn Ahmed is tweeting gleefully about the white all-access badge he's been handed at the World Economic Forum annual meeting in Davos, Switzerland, where politicians and CEOs are meeting this week to try to solve some of the world's biggest problems. The 29-year-old Canadian landed a coveted seat representing the YouTube community after winning an international online competition called the Davos Debates. It's a coup for a guy from Richmond Hill who ditched a graduat...
Monday, January 4, 2010 — Europe & Eurasia

Better Vision for the World, on a Budget

Source: New York Times

EGHEL, the Netherlands — With AIDS , ...
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Thursday, May 14, 2009 — Europe & Eurasia

Re-emerging Poor a Target for Some Retailers

Source: Reuters

BELGRADE (Reuters) - As recession squeezes the fledgling middle classes of emerging economies, special shops for the poor are seizing the opportunities. Slovenia and Serbia are among countries opening "SOS" shops that allow custom only from those officially registered as poor, who need special cards to access them. "We see this effort as a new retail concept," Trade Minister Slobodan Milosavljevic said at a ceremony in March to open the first SOS shop, a whitewashed old house with...
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Thursday, July 24, 2008 — Europe & Eurasia

Travel-Blogue Day 6: Muhammad Yunus? Next Big Thing

Source: Business Week Blog

The way Noble Peace Prize winner Muhammad Yunus sees it, the micro-credit revolution is running its course in his home country of Bangladesh. Between his Grameen Bank and other NGOs, which together make Bangladesh the most heavily micro-credit-enabled place on earth, he estimates that about 80% of the poor families that might want to participate are being served already. His goal is for Grameen to help finish the job by 2012. What's next? Health care. This is the biggest ...
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Tuesday, January 16, 2007 — Europe & Eurasia

Source: BBC

Migrant workers sending money home has become the biggest source of foreign income in some poor European countries, the World Bank has said. In a report on European and Central Asian (ECA) nations, the bank said that remittances sometimes beat foreign investment aid and exports in size. Officially recorded payments in the region - which includes former Soviet states - were over $19bn (?9.67bn). The largest amount of remittances, as a share of GDP, were sent to...
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Thursday, September 14, 2006 — Europe & Eurasia

EBRD signs first Mongolia project, microfinance loan

Source: Yahoo! Asia News

The European Bank for Reconstruction and Development (EBRD) signed its first project in Mongolia on Wednesday, a $5 million loan to XacBank, which specialises in microfinance. The funds will be lent on to small and micro-businesses throughout the country. XacBank, licensed four and a half years ago, offers loans ranging in size from $27 to $150,000, according to its Web site ( Continue reading ...
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Friday, January 27, 2006 — Europe & Eurasia

IFC to Help Kyrgyz Not-for-Profit Group Reach More Microentrepreneurs


The International Finance Corporation, the private sector arm of the World Bank Group, today signed an agreement to provide a $2.2 million financing package to Micro Credit Agency Bai Tushum Financial Foundation, one of Kyrgyzstan?s leading micro lending institutions. Through the package, IFC will support the transformation of Bai Tushum from its present not-for-profit status to a more sustainable, commercially-oriented, deposit-taking financial institution that can serve as a...
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