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  • A poor opportunity, by Kanika Datta

    Ever since the United Progressive Alliance (UPA) came to power, Indian policy makers and leftist thinkers appear to have rediscovered the Poor.? So, coincidentally, has big business, thanks to a handy contrarian discovery made by management guru C K Prahalad of a ?fortune at the bottom of the pyramid?. At the risk of sounding politically incorrect, I would say that Prahalad?s theory is almost as chimeral as the UPA government?s grand employment guarantee scheme.? Unlike the ...

    Source
    Business Standard
  • Tanzania Launches Rural Electrification, by Mike Mande

    Tanzania will be second country in East Africa after Uganda to undertake rural and peri-urban electrification project in a move aimed at developing the country’s rural access to electricity and information technology services. The project, Energising Rural Transformation (ERT) which has also been undertaken in Uganda under the World Bank is estimated to cost around $80 million. The project is expected to take off next year. Mr Theophil Bwakea, Deputy Commissioner of Energy in...

    Source
    The East African
  • Remittances Make the World Go Round

    Remittances to Africa and Asia have been identified as a key source of development funding, sometimes outpacing official development assistance, and a lifeline for millions of families in poor countries. In its new report ’ Global Development Finance 2005: Mobilising Finance and Managing Vulnerability ’ the World Bank noted that workers’ remittances provide valuable finan...

    Source
    IRIN
  • South Africa urged to swap mines for microchips, by Rebecca Harrison

    South Africa must end its dependence on raw materials and become an IT pioneer for the third world, industry and government officials said on Tuesday. Opening an African technology research institute in Pretoria, Communications Minister Ivy Matsepe-Casaburri said South Africa must train information technology (IT) experts to plug a skills gap and transform an industry still dominated by white men 11 years after the end of apartheid. And researchers should focus on inventing systems ai...

    Source
    Reuters
  • India to Build Sh4b Satellite Network for Africa, by John Oyuke

    Africa could soon have a Sh3.8 billion satellite network built by the Government of India. In a proposal to the African Union (AU), an Indian technical team says the project aims at facilitating communications among African leaders. It will also help the continent address education and health challenges. The proposal identifies increased frequency of communicating between African leaders and the AU Commission as one of the benefits. It will also offer telemedicine and facilitate ...

    Source
    The East African Standard
  • Mobile Phones Change Ways Africans Live And Do Business, by Bruce Greenberg

    Popularity linked to expansion of private capital The rapid growth in mobile phone use throughout the developing world, especially in sub-Saharan Africa, is helping to transform national economies, producing a thriving entrepreneurial class and marked growth in private capital, according to Leonard Waverman, an economist with the London Business School. Speaking at the American Enterprise Institute (AEI) in Washington May 5 on a panel of fellow economists and representativ...

    Source
    United States Department of State
  • A realistic framework for an ideal world, by Alison Maitland

    Business leaders from companies including BP, Deloitte and Nestl? will next week spend two days closeted with United Nations executives and development agencies at a hotel near London to discuss how the private sector can make an effective impact on poverty. The meeting, to be held under the auspices of the International Business Leaders’ Forum, an educational charity that promotes good corporate citizenship, will also consider what the commitment from business should be when the ...

    Source
    Financial Times
  • Major victories for micro-finance, by John Authers

    Compartamos (Let’s share in Spanish) started life as a non-governmental organisation, and gained its seed capital from multilateral funds. In 2000, it converted into a limited-objective financial organisation (sofol for its initials in Spanish). That allows it to offer loans, although it is still blocked.but still blocks it from taking in deposit Now with more than 300,000 clients, its next plan is to convert itself into a bank, so that it can take in savings an...

    Source
    Financial Times
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