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Wealthy Indonesians Start Sharing the Wealth
There are few places in the word where such vast contrasts exist that one can watch a Bentley overtaking a bajaj on city streets, an act that symbolizes the scale of economic inequality throughout the country. However, several determined Indonesians are aiming to take matters into their own hands as a means to provide greater opportunities to those who are less fortunate. Sandiaga Uno, a successful investor and CEO of Saratoga Capital, has found a unique way to link hi...
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- Agriculture
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- Asia Pacific
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Matt Bannick of the Omidyar Network on Philanthropy, Social Enterprise, Technology and More
Recently, I interviewed Matt Bannick, Managing Partner of the Omidyar Network -a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives. They invest in and help scale innovative organizations to catalyze economic, social, and political change. eBay founder Pierre Omidyar and wife Pam established Omidyar Network based on their conviction that every person has the pow...
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- Agriculture
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Social Enterprise Spotlight: Just Markets For Ghana?s Women
Three years ago Danielle Grace Warren had gone fishing. She was part of a mission to build fish farms in Ghana. These farms, it was hoped, would help generate badly needed income and jobs. The literally graceful and ballerina-like Warren, a creative writer, knew from her experience in Haiti where she had worked on economic development projects that income and jobs were the key to lifting the Ghanaians out of poverty. But they needed to be lots of income and jobs. That simply wasn’t possib...
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- Agriculture, Health Care
- Region
- Sub-Saharan Africa
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India’s Most Famous Investor Rakesh Jhunjhunwala Pledges to Give Away 25% of His Wealth
MUMBAI: Rakesh Jhunjhunwala, India’s most famous investor, has pledged to give away 25% of his wealth during his lifetime. He is the fourth Indian businessperson - after Azim Premji, Shiv Nadar and GM Rao - to make a statement of intent to give away a substantial part of their personal wealth to philanthropy. Announcing this on Monday evening at an event organised by GiveIndia, a giving facilitator, the 51-year-old said he planned to route all his charity through his R Jhunjhunwala ...
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- Agriculture
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- South Asia
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Recruiting Women To The Burgeoning (But Mostly Male) Host Of Angel Investors
Women philanthropists have traditionally stood back from venture capital startups and angel investing; only 13% of angel investors in the U.S. are women. That’s why Natalia Oberti Noguera, a 2005 Yale graduate, founded an angel-investing bootcamp for women. Created to increase the ratio of women angel investors in the social good category, Oberti Noguera’s Pipeline Fellowship is announcing a call for applications for women philanthropists who want to be angel investors in s...
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- Agriculture, Health Care
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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 ...
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- 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...
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- Agriculture
- Region
- South Asia