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Motsepe, Schwab Sign 3-year, $1.07 Million Social Entrepreneurship Deal
Hilde Schwab, Co-Founder and Chairperson of the Schwab Foundation for Social Entrepreneurship, and Precious Moloi-Motsepe, Co-Founder and Deputy Chairman of the Motsepe Foundation, announced a three-year, 1 million Swiss franc partnership on the opening day of the World Economic Forum on Africa. The objectives of the partnership are to advance the social entrepreneurship agenda in Africa by raising awareness, engaging the media and celebrating proven social innovators; contribute to research initiatives on best practices and scaling strategies; and build the capacity of African social enterprises through peer-to-peer exchanges.
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- Environment
- Region
- Sub-Saharan Africa
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Alleviating Poverty Doesn’t Have to Be So Hard, and Behavioral Science Can Help
Living in poverty means not just living with less money than other people. It also means dealing with extra pressures of time, cost, and mental space. For example, someone without a bank account will often spend more money cashing a paycheck than someone who has one. Poverty has even been shown to reduce cognitive ability. When faced with a big car repair bill, people on lower incomes will test lower in a subsequent IQ test than someone with more money, one study in New Jersey showed.
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Foundation Searches for Young Social Entrepreneurs
There are many success stories of social enterprises taking off, but most of these are in Manila. Proponents of a contest seeking to award social entrepreneurs hope to find the next success story in the provinces.
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- Uncategorized
- Region
- Asia Pacific
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Exploring the Base of the Pyramid in Latin America: A new IDB report and conference will discuss this vibrant, evolving market
Latin America’s BoP now encompasses 406 million people and represents a market of $760 billion. The Inter-American Development Bank (IDB) will explore this market in a new report, to be released at the BASE III Forum, June 29-July 1 in Mexico City. In this Q&A, Luiz Ros, Manager of Opportunities for the Majority at the IDB, provides a sneak peak at the report and the forum.
- Categories
- Education
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World Bank Group President Pledges Up to $11 Billion in Support to Indonesia
World Bank Group President Jim Yong Kim pledged up to $11 billion in new financing in the next three to four years to Indonesia, the fourth most populous country in the world.
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- Uncategorized
- Region
- Asia Pacific
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Money Keeps Moving Toward Somalia, Sometimes In Suitcases
Some financial companies in the U.S. resort to carrying cash on airplanes to keep remittances flowing to needy Somalis.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Opinion: Entrepreneur-Led Development – A New Model for Africa
Aid-based approaches have improved untold millions of lives across the continent, but it is the economic opportunity side of the development coin that will have more catalytic impact in driving development on the African continent, says Tony Elumelu.
- Categories
- Impact Assessment
- Region
- Sub-Saharan Africa
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Aid Burst Lifts People Out of Extreme Poverty
Giving some of the world’s poorest people a two-year aid package — including cash, food, health-care services, skills training and advice — improves their livelihoods for at least a year after the support is cut off, according to the results of an experiment involving more than 10,000 households in six countries.