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Can Matt Damon Bring Clean Water to Africa?
Once upon a time, Matt Damon went for a long walk in rural Zambia. The devoted family man and method philanthropist was accompanying a 14-year-old Zambian girl who had no idea that her hiking companion was an Academy Award-winning international heartthrob. The walk came toward the end of a 10-day African journey, a systematic primer on the complexities of the continent’s extreme poverty that had been organized for Damon by staffers from his friend Bono’s ONE campaign. Damon was ...
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Diamond Cab Picks Up Hong Kong’s Fledgling Social Entrepreneurship Scene
Social entrepreneurship is a relatively new phenomenon in Hong Kong--and one venture philanthropy startup, Social Ventures Hong Kong (SVhk) , has been at the forefront of the movement, with several investees under its portfolio focused on the elderly and disabled. The group’s newest project, Diamond Cab , officially launches next week. "Diamond Cab is the first branded, high-quality taxi servic...
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- Agriculture
- Region
- Asia Pacific
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Ebay Founder Plans to be India’s Biggest Social Investor
The philanthropic fund started by Pierre Omidyar, the founder of Ebay Inc, plans to be the biggest investor in projects targeting India’s 900 million poor, living on less than $2 a day. "The rate at which we’re investing, we will probably be the leading firm in that space at the bottom of the pyramid," said Jayant Sinha, managing director of Omidyar Network’s India operations. Ranked second on Barron’s list of the world’s 25 best philanthropists last month, the...
- Categories
- Agriculture
- Region
- South Asia
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16 Tycoons Agree to Give Away Fortunes
The billionaire founder of social network Facebook Inc. has agreed to give the majority of his wealth to charity, part of a broader group of rich entrepreneurs committing to philanthropy earlier in their lives. Mark Zuckerberg has signed onto the "Giving Pledge," which asks its signatories to commit publicly to give away the majority of their wealth. The 26-year-old is one of 16 billionaires new to the p...
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- Agriculture
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Inside the Bill and Melinda Gates Foundation
The headquarters of probably the most powerful charity in the world, and one of the most quietly influential international organisations of any sort, currently stand between a derelict restaurant and a row of elderly car repair businesses. Gentrification has yet to fully colonise this section of the Seattle waterfront, and even the actual premises of the Bill & Melinda Gates Foundation, which, appropriately perhaps, used to be a cheque-processing plant,...
- Categories
- Agriculture
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Maximum Impact: How Top Philanthropists Would Spend $10 Billion
At this year’s World Economic Forum in Davos, Bill Gates , the chairman of Microsoft Corp., committed $10 billion over the next decade to help develop vaccines and distribute them to children in the developing world. By anyone’s estimation, this is a lot of money and a worthy cause. But could it be spent even more wisely? It is now ...
- Categories
- Agriculture
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Reserve Bank of India to MFIs: Shape Up or Face Music
HYDERABAD: India’s booming microfinance segment is under the scanner, with the Reserve Bank of India (RBI) issuing a veiled warning that it could be taken off the priority sector lending list of banks if the industry fails to improve its governance standards. This was spelt out at a meeting in late January between senior RBI officials, representatives of Sa-Dhan-the association of Indian microfinance institutions (MFIs)-and some senior MFI managers from Karnata...
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- Agriculture
- Region
- South Asia
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Is Aid Working?
It is hard to argue with the lofty ambition to end once and for all the scourge that is global poverty. How the world should go about this, however, is much more vexed. If poor countries do not have sufficient capital, aid advocates argue that there is a moral imperative for rich ones to help. Since 1970 hundreds of billions of dollars in bilateral and multilateral aid has been sent to Africa from the developed world. G20 leaders agreed at last month’s summit London that an extra $50bn ...
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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