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  • Indian technology fund gets US$400,000 World Bank grant

    A private Indian equity company that invests in high technology ventures said Thursday it has received a grant of US$400,000 from the World Bank to support up-and-coming companies in developing nations. The funding will help Indiaco increase its portfolio of investments from 57 startup companies to about 150 by next March, company director Girish Narasimhan said. Most of the companies will be in India, but some will be in other developing countries. ...

    Financial Times
  • Amerityre Enters Accord to Sell Manufacturing Systems and to License Technology in Developing Countr

    Amerityre Corporation has entered into an agreement with International Research and Development (IRD), La Jolla, California, to introduce Amerityre’s polyurethane tire manufacturing technology in developing countries around the world. In connection with the agreement, Anthony Renda, the president of IRD, stated that, IRD’s goal is to present a ’turn key’ type manufacturing opportunity in several regions throughout the world where Amerityre’s Flatfree(TM) tires technolo...

    Press Release - Amerityre
  • Courting the Poor, a Retailer Rises to No. 3 in Brazil

    Magazine Luiza has gone from being a relatively small department store chain to Brazil’s third-largest nonfood retailer in just over a decade. And it has done so by assiduously courting the poor. The company has also managed to weather the country’s notoriously volatile economy, turning a profit every year since 1992. Last year, when the economy shrank 0.2 percent, Magazine Luiza’s sales increased 30 percent. This year, with the economy bouncing back, Mrs. Rodrigues expects the...

    The New York Times
  • Developing countries’ economic clout grows

    This axis of economies, which were once considered the economic underdogs, now have burning ambitions, fueled by explosive growth in China and India - both of which expanded by around 10 percent in the first quarter of this year. That expansion is in turn fueling the other members’ growth through their strengthened trade ties. ’These countries can leverage their bargaining power as they become more important as both suppliers and markets,’ said Dominic Wilson, an economist at ...

    International Herald Tribune
  • Zimbabwe: Communal farmers benefit from links with commercial buyers

    Close to 125,000 rural households in Zimbabwe have seen an increase in crop yields and income following efforts by USAID to boost agricultural production in communal farming areas. Improved agronomic practices have led to higher selling prices, and higher turnover. Communal farmers are now thinking of their farming activities as businesses, and not just subsistence farming. ...

    IRIN News
  • Consumer rights and the fight against poverty

    [M]ost debate about poverty, development and the benefits of trade focuses on production - the supply side of the market equation. In reality, markets cannot be effective without a well organised demand side. This requires the empowerment of consumers with information, legal protection and necessary regulation (especially of essential services) to balance the interests of the providers of goods and services. If market economics and the processes of globalisation are ever to realise the wi...

    Consumers International
  • Burkina Faso: Village co-operative works for electrification

    The cooperatives in Burkina Faso act like any other client of the electricity company--buying power and then selling it to the villagers. While 60 percent of the start up funds is paid for subsidies and donor support, the villagers with the help of interest-free loans will fund the remaining 40 percent. ’Electricity is a powerful tool for the development and for poverty reduction, that is why we immediately saw the importance of the electrification project,’ explained El Hadj...

    IRIN News
  • Microfinance: A Way Out for the Poor

    But the real success of microfinance is that serving the poor has the same benefits as anywhere else, he said: It attracts competition and creates an industry. ’The poor are part of the definition of business. This has dramatic impact,’ [Michael Chu, a poverty expert and HBS senior lecturer] said. Read full article here. ...

    HBS Working Knowledge
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