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Millennium Development Goals: Profit has a Place at the Base of the Pyramid
The death in April of C.K. Prahalad, the academic who identified the "fortune at the bottom of the pyramid", was a loss to many - and particularly those who believe business has a role in achieving the Millennium Development Goals (MDGs), the list of eight targets drawn up by the United Nations in 2000. However, Mr Prahalad’s work lives on: many companies are looking at ways to address the development goals - which include poverty reduction...
- Region
- South Asia
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The AIDS Funding Dilemma
In the "AIDS exceptionalism" debate, emotions run high, and the options are difficult: Shift some AIDS funding to other care, or find billions in new support. Dr. Jerome Kabakyenga has just walked a pair of visitors through a pair of vividly different Ugandan hospital laboratories - one ultramodern, the other an outdated relic. ...
- Region
- Sub-Saharan Africa
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Can Ice Cream Help Pull Rwanda Out of Poverty?
Motorcycle taxis zip along the narrow tarmac road from Butare, Rwanda’s second largest city, to the National University on the outskirts of town. Along the verge, clusters of students mosey towards campus while men on bicycles laden with sacks of beans cruise past a backdrop of terraced hills. About halfway between town and the university, the students pause at a modest yet modern white-stucco storefront where a hand-painted banner announces the arrival...
- Region
- Sub-Saharan Africa
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Nestle to Sail Amazon Rivers to Reach Emerging-Market Consumers
Nestle SA will begin sailing a supermarket barge down two Amazon river tributaries tomorrow as it competes with Unilever to reach emerging-market customers cut off from branded goods. The world’s largest food company will send a boat with 100-square meters (1,076 square feet) of supermarket space on a journey to 18 small cities and 800,000 potential consumers on the Para a...
- Region
- Latin America
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Bajaj to Get into Water Purification Biz
Bajaj Electricals Limited has decided to foray into the water purification business in the country and plans to roll out its water purifier product in the current financial year. The company sees a huge opportunity in the water purification business in the country the size of which is estimated at Rs 2,000 crore per annum and is growing at the rate of around 20 per cent. "We are looking to enter the water purification business as it offer...
- Region
- South Asia
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Slim, Gates Team Up on Health in Mexico, Central America
Carlos Slim and Bill Gates are working together to fight poverty in Mexico and Central America. The two richest men in the world announced the $150 million 2015 Meso-American Health Initiative today at a press conference at the Museo National de Antropologia in Mexico City. Slim and Gates, who will each donate $50 ...
- Region
- Latin America
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Threat of Microfinance Defaults Rise in India as SKS Plans IPO
June 15 (Bloomberg) -- Savita Ramesh Rathore stood at the door to her dimly lit workshop in Mumbai’s Dharavi slum, filled floor-to-ceiling with bundles of old clothes, and tallied up the cost of her son’s wedding last year. "Jewels, clothes, food, the town hall," said Rathore, 50, who makes towels from discarded clothes. She borrowed 30,000 rupees ($645) from moneylenders charging 60 percent interest and took additional loans from frien...
- Region
- South Asia
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Janalakshmi to Focus on Financial Inclusion of Urban Poor
Narayan Ramachandran, Ex-Country Head and Managing Director of Morgan Stanley India has decided to focus on financial inclusion of the urban poor. He has been now appointed as the Director on the board of Janalakshmi Financial Services run by Ramesh Ramanathan, who is the Chairman of the organisation. Here is a verbatim transcript of an exclusive interview with Narayan Ramachandran and Ramesh Ramanathan on CNBC-TV18. Also watch the accompanying video.
- Region
- South Asia
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