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Social Edge to Merge with Skoll World Forum
The Skoll Foundation today announced the merging of Social Edge and Skoll World Forum into a new year-round platform, Skoll World Forum Online:
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- Uncategorized
- Region
- Europe & Eurasia
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Lok Capital and Acumen Fund announce Rs. 7 crore investment in Hippocampus Learning Centres
Bangalore, May 2012: Lok Capital, one of the largest dedicated funds in India for businesses focused on serving the lower income and base of the pyramid (BOP) customer segments and Acumen Fund, a pioneering nonprofit global venture firm addressing poverty in South Asia, East and West Africa, today announce Rs. 7 crore investment in Hippocampus Learning Centres (HLC), a for-profit rural education service provider in India. This is Lok Capital’s and Acumen’s first investment in Education and marks the launch of their respective education portfolios. Based in Karnataka, India, HLC provides affordable, quality education by employing and training local female teachers who coach students between the ages of 3-12 in both pre-school and primary instruction.
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- Uncategorized
- Region
- South Asia
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Nachiket Mor: The Business Of Morality
In India, businesses and businessmen, particularly from the private sector, have always been viewed with some suspicion. Given our underlying socialist ethos, this is perhaps not surprising, but in recent times, this has worsened with reportage about the various means that some businesses have used to gain an advantage, be it bribing government officials and elected representatives, indulging in coercive practices with their customers, misusing monopoly power, concealing information, or ill-treating employees.
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- Health Care
- Region
- South Asia
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Can mobile banking boost financial inclusion in Nigeria?
In Nigeria, Africa’s most populous country with around 167 million people, mobile banking has been relatively slow to take off. This is, however, changing. Last year the Central Bank of Nigeria (CBN) issued the first operating licences to 11 companies to provide mobile banking services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Genpact to buy VentureEast-backed Atyati Technologies
Business processing outsourcing major Genpact Ltd has signed a definitive agreement to acquire Atyati Technologies, a technology platform provider for the rural banking sector in India. The terms of the transaction, including the stake acquired and the deal value, remain undisclosed. The deal is expected to close in 3-4 weeks.
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- Technology
- Region
- South Asia
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Africa Growth Isn’t Meeting Needs of Young, Poor: Report
ADDIS ABABA, Ethiopia—Foreign investment and increasing exports are propelling high economic growth rates in Africa, but haven't established enough jobs to substantially reduce poverty or meet the high expectations of the continent's large number of youths and poor, according to an annual economic progress report released Friday at the World Economic Forum's meeting here.
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- Sub-Saharan Africa
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Social Innovators in Africa Awarded
Five African social innovators have been included in the World Economic Forum's list of Social Entrepreneurs of the Year 2012. The awards were announced at the Ethiopian summit of the WEF by Klaus Schwab, founder and Executive Chairman of WEF.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Uganda’s Middle Class Grows As Poverty Dips
Kampala — The number of absolutely poor Ugandans has dropped to 7.5 million (24.5%) from 8.5 million (31.1%) as of 2010, a Ministry of Finance status report released in Kampala shows.
- Region
- Sub-Saharan Africa
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