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World’s 3.7 billion limited-income earners represent rapidly-growing consumer market
Private-sector leaders in the world’s emerging markets have compelling opportunities to invest in businesses that improve life for large swaths of the population, said Hisham El-Khazindar, Co-Founder and Managing Director of Citadel Capital, the Middle East and North Africa’s leading private equity firm . El Khazindar was addressing high profile Arab businessmen and decision makers at a Harvard University Arab Alumni Association panel that discussed subjects relat...
- Region
- North Africa & Near East
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CSR initiatives need not suffer during crisis
The present global financial crisis has sent a message of alarm to beneficiaries of big companies giving funds for initiatives in community education, environment and entrepreneurship. As the hard times directly or indirectly hit the businesses’ bottom line—actions that may increase/decrease net earnings or company’s overall profit—the chances of drawing funds to sustain these initiatives could subsequently be affected.
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Australian group seeks BoP business opportunities
A T THE tail end of a business conference in the pretty Papua New Guinean coastal town of Madang late last month, a posse of high-powered Australian suits slipped into tropical mufti, climbed aboard a charter plane and flew deep into the wilds of the Southern Highlands interior. Dropping into remote villages over three days, they visited markets and surveyed crops, talked to tribal elders and field workers. They asked lots of questions about how people were making a livi...
- Region
- Asia Pacific
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Microcredit loans used to buy food
Fewer than half of microcredit borrowers invest the money in the grassroots businesses that such loans are intended to foster, new research into poverty alleviation has discovered. But the claim is disputed by some microlenders, including ASA of Bangladesh, winner of the Banking at the Bottom of the Pyramid category in last year’s FT Sustainable Banking Awards. Microcredit was devised in the 1970s in Bangladesh by Muhammad Yunus, who founded the Grameen Bank to lend small sums...
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Al Gore: Oil “Junkie” America Needs Third World Help
The former Vice President, clean-shaven in a dark suit and black cowboy boots, pauses. "Junkies find veins in their toes, when the veins in their arms and legs collapse," he says to Charlie Rose. The audience suffers an uncomfortable pause, and then laughs. Gore keeps a straight face. He isn’t joking. This is the closing panel of the Cornell Global Forum on Sustainable Enterprise , held on New York&...
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Banco Real: Brazilian lender focuses on both profit and growth
Jeronimo Ramos, a director at Banco Real in São Paulo, sounds like a man with a mission. “You have to operate inside local communities. You have to know your customer’s story at first hand. Because by giving people credit, you are creating well-being. About 70 per cent of people that get credit are lifted out of poverty as a result.” Yet as Mr Ramos insists, Banco Real is not in the business of delivering social services. “We are not a philanthropic organi...
- Region
- Latin America
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Enterprise Introduces a Whiff of Revolution
By Sarah Murray In her book Dead Aid ,* Dambisa Moyo calls for the end of aid to Africa within five years. Paul Kagame, president of Rwanda - which has halved aid as a percentage of its gross domestic product in the past decade - recently argued in the Financial Times that aid creates instability and dependency while failing to reduce poverty or disease. Ms Moyo and Mr Kagame are among those questioning traditional models of dev...
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Profit for Good
By Sarah Murray In water-scarce India, access to modern irrigation technology has long eluded the country’s 260m smallholder farmers. Now, small-scale manufacturing and a distribution system is bringing irrigation products to growing numbers of these farmers, generating water savings of 30-50 per cent, energy savings of 50 per cent and increased crop yields of up to 70 per cent. The new system is not, however, funded by a multilateral de...
- Region
- South Asia