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  • Top tech program creates “cash goat” for villagers, by Hai Mingwei, Zhao Yanan

    A farmer in a secluded mountainous village in Sichuan Province, southwest China, Chen Wansheng had never thought or dreamed he could have anything to do with a top technological development program of the country. It was the yellow goat, an animal he had raised for over four decades, that related the farmer in the poor Yuquan village of Nanjiang county to the 863 Program, China’s first high-tech research and development program launched in March 1986. Researchers dis...

    Source
    Xinhua
  • Lenovo mulls separate PC brand for India, by Michael Singer

    We are thinking of introducing another brand under Lenovo, Deepak Advani, senior vice president and chief marketing officer of Lenovo, told the Xinhuanet news service during a press briefing in New Delhi. Lenovo has developed some good products in China which might meet the need of (the) Indian market. For example, it has worked out products for those not very skilled in computer(s) or for schools where many students have to share one computer. Lenovo’s pus...

    Source
    CNET News.com
  • Wall Street, UN experts mark International Year of Microcredit

    The financial industry joined the United Nations today to discuss how the growing microfinance sector can benefit from the expertise of Wall Street. As part of the United Nations International Year of Microcredit, Wall Street professionals focused on their role-making financial services available to the vast numbers of poor and low-income people around the world who currently need them. In her opening remarks, Nane Annan, wife of Secretary-General Kofi Annan, told attendees about he...

    Source
    UN News Centre
  • Growth better at reducing poverty

    Growth has been a more important factor than reduction in inequality in reducing poverty in India and the tertiary sector is the most important source of poverty reduction, said Tim Besley, Professor, London School of Economics (LSE). However, impact of growth on poverty reduction, varied with the specific policies adopted at the state level and with institutional factors, said Besley, while presenting a study on ’Operationalising pro-poor growth in India’, which he has cond...

    Source
    Business Standard
  • Nokia sees India driving cellular growth, by Ratnajyoti Dutta

    Identifying India and China as engines of mobile phone growth, Finnish cellular handset maker Nokia on Monday said global mobile phone users would swell to three billion by the turn of this decade. By 2010, Nokia estimates the global mobile subscriber base, which hit 1.7 billion (170 crore) at the end of 2004, to reach three billion (300 crore), said Urpo Karjalainen, senior vice president, Nokia, whose share in the global cellular market is around 28 per cent.

    Source
    rediff.com
  • Lessons from microfinance, by Abheek Barua

    There has recently been a flurry of articles in the business media about the success of the microfinance initiative in India. (That is pretty much why I’m writing this piece now.) The collaboration of banks and financial institutions which provide the basic funds, the microfinance institutions (MFIs) that serve as intermediaries, and the self-help groups that collectively take these loans, seem to be making a substantial impact on rural incomes and poverty. Equally imp...

    Source
    rediff.com
  • Taking Midas touch to Caribbean

    Both C&W and Digicel agree that Digicel, by opening in April 2001 with extensive quality coverage throughout Jamaica, won over many rural people and communities, who for the first time had access to a telephone. These people will now probably never look for a landline, says Neita. Emigration is a big issue in Jamaica and so access to a telephone is very important. Remittances are also a major part of the economy and the creation of the Digicel network meant people in r...

    Source
    The Irish Times
  • Banks Refine Offerings to Meet Growing Business Opportunities in Africa, by Stephen Gunnion

    Banks are refining their offerings to small and medium-sized enterprises in Africa, the fastest-growing segment of the business market on the continent. Governments are also pushing for banks to increase access to finance for small businesses, which have been identified as a means to fight poverty and to add momentum to economic growth. However, limited access to information and credit, poor infrastructure and outdated systems often make it difficult for banks to lend to s...

    Source
    Business Day (Johannesburg)