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Accelerating the Adoption of Inclusive Business Models in Multinational Corporations: Challenges, Solutions and Success Stories
Over two decades ago, C.K. Prahalad and Stuart L. Hart challenged the private sector to tap into “the fortune at the bottom of the pyramid” by developing business models that serve people living in poverty. As Annabel Beales at Business Fights Poverty explains, this vision has gained traction under the mantle of inclusive business — yet adoption of these business models remains low among large corporations. She explores why accelerating this adoption is crucial to eliminating poverty and addressing the other SDGs, and shares three key lessons that show how inclusive business can be operationalized by large corporations.
- Categories
- Investing, Social Enterprise
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Food Processor Gaea Foods Becomes First Beneficiary of €20 Million Pepea Fund
70% of its current 20-strong workforce are women, and the company intends to double its workforce in the coming year.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Regulatory Roadblocks are Holding Blended Finance Back: Here are Three Concrete Ways to Address Them
After hitting a 10-year low in 2022, blended finance flows bounced back to a five-year high of $15 billion in 2023. But despite this renewed momentum, Andrew Apampa at Convergence points out that blended finance faces a number of challenges that hinder its ability to scale — including the complex web of policies and regulations that deter highly regulated financial institutions from investing in emerging markets. He discusses these obstacles and presents some promising solutions, as outlined in Convergence’s State of Blended Finance 2024 report.
- Categories
- Investing
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Agrizy Raises USD $9.8 Million Series a From Accion & Omnivore
Agrizy is India’s fastest-growing B2B agri-processing platform, driving supply chain efficiency and SME profitability.
- Categories
- Investing, Technology
- Region
- Asia Pacific
- Tags
- business development, MSMEs, scale
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Oyo Valuation Crashes Over 75% in New Funding
The startup operates a chain of budget hotels in many countries.
- Categories
- Investing
- Region
- Global
- Tags
- startups, venture capital
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African Development Fund Grants $60 Million Loan to Benin to Strengthen Its Economic Governance and Private Sector Development
The programme will boost the private sector's contribution to the national economy by improving the overall business environment.
- Categories
- Environment, Investing
- Region
- Sub-Saharan Africa
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African Development Bank Group’s Sustainable Energy Fund for Africa Approves $10 Million Contribution to KawiSafi II Clean-Energy Fund
KawiSafi II is a $200 million venture equity fund to address investment gaps in energy transition, productivity, mobility and logistics in sub-Saharan Africa.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa
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KWAP Commits $4.5 Billion to ESG Transition Assets for Sustainable Future in Malaysia
The Retirement Fund Inc (KWAP) has pledged $4.5 billion to increase its focus on transition assets, reinforcing its commitment to sustainable investment.
- Categories
- Investing
- Region
- South Asia
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