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  • Uganda Saccos Reach 2000

    Esther Nakkazi Uganda’s savings and credit co-operatives (saccos) have grown by 40 per cent since the year 2000. The Commissioner for Co-operative Development in the Ministry of Trade, Fred Mwesigye, said the increase of saccos is a sign that Ugandans are adopting a saving culture. Already, the advent of microcredit institutions has changed the face of banking by forcing large banks to create new credit lines for small savers. According to the ...

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    The East African (link opens in a new window)
  • Business Training edge curricula in Yemen

    Adnan Hizam SANA?A - A training program for small and micro enterprises on ?Business Edge? curriculums was launched last Sunday by the Small and Micro Enterprises Promotion Services (SMEPS), supported by the Dutch embassy in Sana?a. In a ceremony held in Sana?a, the Dutch ambassador Johan F.I Blankenberg said that his country has initiated a program that is focused on removing obstacles for private sector development, and for promoting sustainable private sector investment....

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    Yemen Observer (link opens in a new window)
  • Red Hat joins $100 laptop project

    Red Hat has joined a closely watched industry initiative aimed at building low-cost notebook computers for children in developing countries. The open-source software company plans to lead the development of an operating system for the $100 machines, the firm said Tuesday. Some big names in computing are participating in the One Laptop Per Child, project, lead by the Media Lab at the Massachusetts Institute of Technology. The companies include Google, Advanced Micro Device...

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    CNET News.com, Alorie Gilbert (link opens in a new window)
  • Local Firm Invents Groundnut Sheller

    TONNET Enterprise, a local agro-processing firm, has come up with an improved manually-operated groundnut sheller. The sheller removes pods and is cost-effective for farmers who produce groundnuts in large quantities. It is capable of shelling between 300 to 400 kilogrammes of groundnuts per hour depending on the number of operators, says Robert Mugenyi, a Tonnet technician. The company is located at Kalerwe, Gayaza Road. The sheller is made f...

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    New Vision (Kampala), John Kasozi (link opens in a new window)
  • The Global Economy’s Immune System

    JE: ...First, you had some pretty challenging things to say about the concept behind this magazine. PH: This is a wonderfully ambitious project, and you have a great team to do it with. But let me raise a provocative question around the title, Value. The magazine is wrapped around a concept of ?inclusive capitalism.? Does this mean a variant of capitalism? And if so, I?m curious to know what the ?keepers? are and what is being put aside. I?m also more than a little concerned about th...

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    Value (link opens in a new window)
  • More schools are developing MBA programs for socially-minded students.

    The teaching of social enterprise or entrepreneurship as an option in MBA programmes is putting down new roots in Europe and broadening its focus in its original home, the US. Old assumptions - in particular, that the only way for people to be do-gooders was through a career at a non-profit organisation - are being challenged by 21st century realities. Thus the...

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    Financial Times (link opens in a new window)
  • Too Poor to Save?

    Stuart Rutherford reveals the results of the Financial Diaries project and his experiences in the field. Q: Aren’t poor people too poor to save? Stuart Rutherford: Too poor to save, too poor not to save, that?s the paradox that faces many poor and very poor people. If you?re poor, your income is not just small, it?s probably irregular and unreliable as well. Most of it is quickly spent on essentials. The result is that when you need to buy anything othe...

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    microfinance gateway (link opens in a new window)
  • Too Many Hurdles for Businesses

    Ever since President John Agyekum Kufuor assumed office in 2001, he has traveled extensively, about 156 times around the world. Indeed, arguably, he could be described as Ghana’s number-one tourist of the century. President Kufuor’s explanation for such trips is simple: To woo foreign investors into the country. But while the President gallops over the seas across nations in search for investors to his ’Golden age of business’ Ghana, many companies back home are foldi...

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    Public Agenda (Accra), Ama Achiaa Amankwah, and Jonathan Adabre (link opens in a new window)