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  • 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...

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  • 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)
  • Solar House System changes rural economy in Bangladesh

    The World Bank-funded Rural Electrification and Renewable Energy Development (RERED) project, which has a target to install 50,000 Solar Home Systems (SHSs) in remote rural areas, has achieved a notable success three years ahead of the schedule, reports UNB. Three special ingredients - creative partnerships, clever technical designs and financing - have contributed to the success of Solar Home Systems, said a World Bank press release. Infrastructure Development Company Ltd...

    Financial Express (link opens in a new window)
  • Capitec Gives Mzansi a Run for Its Money in Rural Areas

    The cracks are starting to show in the Mzansi bank account, launched last year by South Africa’s large retail banks, as smaller banks offer cheaper banking and extend services to previously neglected areas. South African banks launched the low-cost Mzansi account last October in an effort to provide affordable and accessible banking to the poor in accordance with the financial services charter, which stipulates banks must provide services within 20 km of 80% of all people in living standa...

    Business Day (link opens in a new window)
  • Africa Open for Business: Stories That Deserve to Be Reported

    Business activity is a subject that is sometimes missed in international reporting about Africa. Despite that, Africa produces some impressive economic statistics: a 144 percent annual return by the Ghana Stock Exchange, high savings rates and low corruption in Botswana, and South African firms that are investing across the continent and listing on stock exchanges in Britain and the United States. With large and expanding markets for communication and technology, agriculture and mining, Afric...

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