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Making a Successful Business Pivot During the Energy Transition: Three Lessons from an Auto Supplier Diversifying into Renewables
As efforts to decarbonize the world’s energy systems accelerate, many industries and companies face both new challenges and tremendous opportunity — and the automotive industry is a highly visible proving ground for this shift. Diana Páez and Dana Gorodetsky at the William Davidson Institute explore how Bosal, a global automotive supplier, is leveraging its expertise with internal combustion engine-related products to expand into the renewable energy market, and share some lessons from its evolution that can be valuable to other companies affected by the energy transition.
- Categories
- Energy, Technology, Transportation
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Avoiding the Resource Curse: Challenges — And Progress — in Harnessing ‘Green Mineral’ Wealth for the Benefit of Developing Countries
The growth of renewable energy has led to skyrocketing demand for the “green minerals” used in constructing and powering clean energy technologies. But as Leslie Tsai at the Chandler Foundation explains, despite this demand, the countries that are rich in green minerals and other natural resources are often among the poorest in the world — a paradox often called the “resource curse.” She explores how businesses, governments and other key stakeholders can ensure that these countries benefit from their natural resource wealth.
- Categories
- Energy, Technology
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How Innovation Created an Off-Grid Solar Market in Rural Bangladesh — And What Other Countries Can Learn from this Model
In the early 2000s, a small-scale World Bank pilot project in Bangladesh unexpectedly grew into the largest off-grid solar program in the world. According to Nancy Wimmer at microSOLAR, the program's success provided the rest of the world with a model for how low- and middle-income countries can develop a nationwide, rural market for decentralized solar systems driven by home-grown companies. She explores how other countries can adapt Bangladesh’s market-creating innovations to their own local environments.
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- Energy, Technology
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The Global Impact of South-South Cooperation: The Case for Teaching Developing Countries’ Solutions to Business Students Worldwide
South-South Cooperation empowers developing countries to create home-grown solutions to development problems, and to share them with other countries in the Global South. According to Mette Morsing at Principles for Responsible Management Education, the business sector has a key role to play in scaling these solutions in both the Global South and North. But for that to happen, she argues that business schools must focus on increasing knowledge exchange between emerging market innovators and their peers in the developed and developing worlds.
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- Education, Technology
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Repairing Electronics: A Circular Economy Solution for Reducing E-Waste and Building Resilience in Rural Africa
The accumulation of electronic waste is an increasingly urgent issue around the world. And as Sofia Ollvid at SolarAid points out, Africa is ground zero for this problem, since a significant amount of e-waste created globally is shipped to dumpsites across the continent. She explores how repairing electronic devices can help address this challenge while also boosting the local economy, as shown by a SolarAid program that's training repair technicians in Zambia and Malawi to extend the lifespan of solar devices.
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- Energy, Environment, Technology
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Innovations in Last-Mile Delivery: How Automation Can Revolutionize the Industry in Africa
Last-mile delivery is the crucial link that connects businesses to customers in Africa’s rapidly growing economies. As Samuel Odeloye at Motions and Demilade Onajobi at RoadPreppers Technologies explain, it powers major industries like retail, e-commerce and manufacturing — but it's plagued by inefficiencies that are slowly killing the competitiveness of these businesses. They explore how Motions uses automation to address these issues — an approach they believe can transform last-mile delivery in Africa.
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- Technology, Telecommunications, Transportation
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The New Face of Emerging Market Outsourcing: Why African Talent is Primed to Reshape Global Business Processes
The global labor market has been transformed by the COVID-19 pandemic’s normalization of remote work and the resulting “great resignation,” in which high-skilled employees in developed markets have left stagnant positions in favor of more flexible, engaging jobs. As Orinola Gbadebo-Smith at Hugo Technologies explains, this has resulted in a talent shortage in sectors like business services and information technology, leading corporations to outsource increasingly more complex tasks to developing countries where workers have acquired the skills to perform them. He explores why young workers in Africa are particularly well-placed to capitalize on this shift.
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- Technology
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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology
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