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  • Arroyo Highlights Importance Of Microfinance In Creating Jobs

    Philippine President Gloria Macapagal-Arroyo underscored Monday the importance of microfinance in generating jobs and spurring the growth of entrepreneurship nationwide. In her keynote address before the Stakeholders Forum on Microfinance held at Philippine Presidential Palace Malacanang’s Heroes Hall, the President said one of her administrations 10-point agenda is to develop three million entrepreneurs in 2004-20l0 through microfinance and medium enterprise loans. The President ha...

    Asia Pulse (link opens in a new window)
  • $100,000 Development Gateway Award Goes to India’s eChoupal

    eChoupal , a program of ITC Ltd., of India, has been chosen from a group of 135 nominees as the winner of the Development Gateway Award 2005. The $100,000 award recognizes eChoupal?s impact in enabling millions of farmers in India to improve their livelihoods with access to information on growing and marketing their products. Read the What Works ...

    Development Gateway Press Release (link opens in a new window)
    South Asia
  • Safaricom Subscribers Hit 3 Million

    Mobile phone service provider Safaricom has attained the three million active subscriber mark ahead of its fifth year birthday next month. Aside from installing a new highly advanced Intelligent Network (IN) platform, our growth this year has been largely driven by our rural expansion, and a range of new products and services, chief executive officer Michael Joseph said. He described the signing of the three millionth subscriber as a momentous feat. ...

    The Nation (Nairobi) (link opens in a new window)
  • Business Impacts on Millennium Development Goals: A Virtuous Cycle or a Coin Toss?

    A new World Business Council for Sustainable Development report profiles corporate initiatives to alleviate poverty, but focuses less attention on how business may confound such goals. The notion that business plays an important role in alleviating poverty and other United Nations ( UN ) Millennium Development Goals ( MDGs )...

    CSR Wire (link opens in a new window)
  • Fair Returns, Job Creation, Not ?Just Charity? Is Path To Success For Business In Developing Eco

    Mixed awareness and understanding of the Millennium Development Goals among many companies and how the MDGs relate to business Africa least likely to attract investment, most in need of it, report says ( CSRwire ) New York -- In an in-depth survey, fielded by Edelman, the Corporate Social Responsibility Initiative of Harvard’s Kennedy School o...

    CSR Wire (link opens in a new window)
  • Analysis: Private Sector – Key to Economic Growth

    The private sector only gets a brief mention in the Millennium Development Goals. Yet it is business - entrepreneurs, employers, investors and workers - who are best positioned to help Africa achieve the Goals. Take Goal 1, perhaps the most important of the MDGs, which sets the target of halving poverty by 2015. This will not happen unless there is sustained economic growth in Africa at a minimum level of seven percent. But such growth will only come as a result of private sector effor...

    Source (link opens in a new window)
  • African nations fare poorly in business rankings by Andrew Balls

    Poor African countries impose far more obstacles to setting up and operating businesses and creating jobs than any other part of the world, the World Bank said on Monday. For the first time, the bank?s Doing Business report provided an overall ranking for the ease of conducting business in its 155 countries, at the behest of Paul Wolfowitz, who took over as bank president in June. In the past it has only listed the top performers, partly to avoid offending those at the bottom...

    Financial Times (link opens in a new window)
  • New Hope for SMEs

    The Small Business Credit Guarantee Trust (SBCGT) is to be transformed into a finance institution that will provide financial services to Small and Medium Enterprises (SMEs). As early as next year, the trust, which will also undergo a name change to be more reflective of its new role, will start lending money to SMEs. The institution will lend out money to individuals and groups at market related interest rates to avoid market distortions. As a micro lending institution,...

    New Era (link opens in a new window)
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