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Forget Foreign Aid, Focus on Foreign Investment In Women Entrepreneurs
Foreign aid can sometimes account for over 90% of a country’s GDP; yet developing nations are quickly learning that foreign aid is not a long-term solution. And over the past few years, we’ve seen just how interconnected the global economy is: a misstep in one economy, affects the global economy.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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Are mobile phones better than aid?
Helping people to use technology can combat poverty more effectively than centralised aid programmes according to a leading development entrepreneur.
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- Technology
- Region
- South Asia
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Social Entrepreneur Wins SVN Hall of Fame Award
Cheryl Dorsey, president of Echoing Green, an organization promoting social entrepreneurship, has been recently named as one of the Social Venture Network's (SVN) Hall of Fame Impact Award Winners as a Visionary Social Entrepreneur. The award is a well-deserved recognition of her pioneering work in the field of social entrepreneurship.
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- Uncategorized
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Acumen Fund Invests in Paga to Scale Money Transfer Service across Nigeria
Lagos - Paga, Nigeria’s leading money transfer service launched in February 2011, today announced it has secured new investments from Adlevo Capital, Omidyar Network, Acumen Fund, Capricorn Investment Group, and current investors Goodwell West Africa Microfinance Development Company.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Rio+20: business should help young people to build a positive future
I spent two weeks tracking Rio+20 as a student reporter seeking to make sense of the sustainable development talks, listening to ministers, CEOs and scientists who opened up trail-blazing perspectives on changing economic and societal paradigms.
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- Uncategorized
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New youth savings program launched in Yemen
Silatech and the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) have signed an agreement with Al-Amal Microfinance Bank (AMB) and Al-Kuraimi Islamic Microfinance Bank (KIMB) in Yemen to provide financial access to tens of thousands of young Yemenis through an innovative new youth savings program.
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- Uncategorized
- Region
- North Africa & Near East
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- microfinance
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Nigeria: Using Call Centres to Bridge Poverty Gaps Among Unemployed Youths
Due to the recent economic recession, more people have become unemployed adding to the security problems that are plaguing the country. Evelyn Okoruwa writes on how call centres could bridge poverty gap by providing makeshift jobs for the country's teeming youths.
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- Sub-Saharan Africa
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Annapurna Microfinance raises $2.36M from Incofin Investment Management
Orissa-based Annapurna Microfinance Pvt Ltd (AMPL) has raised Rs 13 crore ($2.6 million) from Belgian investment firm Incofin Investment Management's Rural Impulse Fund II.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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