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  • Canada builds capacity of private sector in poor countries

    The Honourable Aileen Carroll, Minister of International Cooperation, today outlined Canada’s plans to encourage the growth of the private sector in developing countries and announced a series of new initiatives, valued at $25 million, in Africa, Asia and the Americas. It is important that the poor have a say and a stake in the way that private sector development evolves in their countries, and that its benefits are shared equally, Minister Carroll said. The needs and...

    Source
    Canadian International Development Agency (CIDA)
  • Business Warms to Gauteng’s New Innovation Hub

    At the hub’s core are two projects to support entrepreneurs. The first is a development programme that gives previously disadvantaged individuals six months of mentoring to help them develop a business plan, followed by 18 months of mentoring to get their businesses under way. It helps them think through the business before they start mortgaging their homes and spending a lot of resources and then go belly-up, said Commins. The second is an entrepreneur programme that...

    Source
    Business Day (Johannesburg)
  • Green Profits, by Ron Moreau and Sudip Mazumdar

    Diversification and increased productivity are what ITC is promoting with its computer program, which seeks to increase farmers’ yields, raise their income and boost their confidence to try their hands at more lucrative crops. Within 10 years, the company hopes to be electronically connected to 100,000 villages and 10 million farmers. Company strategists expect the bulk of those villagers to sell their bumper crops to, and buy products from, ITC, adding an estimated $2.5 billion in revenue w...

    Source
    Newsweek International
  • Poorest nations lead global growth, by Charlotte Moore

    Developing countries grew at their sharpest rate for three decades last year, faster than wealthy nations, the World Bank said yesterday. It warned, however, that wealthy nations were not increasing aid fast enough to stamp out poverty. Even sub-Saharan Africa, which includes some of the world’s poorest nations, became wealthier last year, helped by soaring commodity prices - the region is rich in oil and metals. Tony Blair said when he released his Commission for Africa report l...

    Source
    The Guardian
  • Microcredit Is Becoming Profitable, Which Means New Players and New Problems

    Large commercial financial institutions, including Citigroup and Deutsche Bank, are now showing interest in microfinance, which could increase access to credit for the poor. At the same time, challenges remain in attracting private capital, lowering costs and interest rates, and developing regulation. More than 500 microfinance institutions around the world have loaned $7 billion to about 30 million small-business people, says Weigelt, but 300 million could benefit from microcredit to start...

    Source
    Knowledge@Wharton
  • South Africa shows interest in India’s Simputer

    South Africa has shown keen interest in using a no-frills computer developed by Indian scientists, especially for rural development. Vinay Deshpande, whose company Encore Software developed the Simputer that has revolutionised the use of computers by not so literate people in rural India, was confident the first machines would be in use in South Africa within a month. The Simputers would be used for applications involving e-governance, education ...

    Source
    Indo-Asian News Service
  • Brazil Opens Its Arms to Africa, by Rebecca Wanjiku and Mar Del Plata

    Having tasted the fruits of freedom resulting from the use of open source software, Brazil has opened its doors to African governments willing to adopt the software for the management of Top Level Domain (TLD) registries. And the governments have seized the moment and taken advantage of the emerging south/south solidarity spearheaded by the South American power house. Kenya was the first to train on how to use the software,Tanzania soon followed suit, while Mozambique and Sudan are lining...

    Source
    Highway Africa News Agency
  • Capitalism at the Crossroads:

    Using the Resources of Capitalism to Solve ?The World?s Most Difficult Problems Despite decades of unprecedented growth and the expansion of capitalism into most of the world, prosperity has only spread to a fraction of the earth?s population, while pollution and corruption has encircled the globe. As Stuart Hart proposes in Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World?s Most D...

    Source
    CSRWire
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