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MIT’s Guru of Low-Tech Engineering Fixes the World on $2 a Day
The Peruvian village of Compone lies 11,000 ft. above sea level in El Valle Sagrado de los Incas, the Sacred Valley of the Incas. Flat but ringed by mountains, the tallest capped year-round in snow and ice, the valley is graced with a mild climate and mineral-rich soil that for centuries has produced what the Incas called sara-corn. The farmers of Compone feed corn to their livestock, grind it into meal, boil it for breakfast, lunch and dinner and stockpile it as ins...
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Kenya: New Fisheries Policy Out Soon
A policy document detailing the operations of the new Fisheries ministry will be out in September this year, minister Dr Paul Otuoma said Sunday. Dr Otuoma said that the document would spell out the functions of various departments in the ministry. He said the new policy is being formulated to ensure efficient and effective running of the new ministry and to ensure that the fishing industry is beneficial to fishermen. As at now we cannot say much as a mi...
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Nigeria: “The Future Belongs to Youths in Enterprise” – Olasunkami
The future of Nigeria belongs to today’s youths who are actively running their own small businesses. The minister of youth development, Senator Akinlabi Olasunkunmi, made this statement in Abuja at the closing ceremony of the corpers’ entrepreneurship development programme [CEDP] organised by Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in collaboration with the directorate of National Youth Service Corps [NYSC]. The minister who was repres...
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Boom time for the global bourgeoisie
In the midst of the current widespread gloom and doom in the west, it is important not to lose sight of the true structural themes shaping our era. Linked to the current mood, commentators often depict an embattled and shrinking middle class, with sharply rising financial inequality. However, globally, this is simply not true. One of the most startlingly positive phenomena for many generations continues to unfold around the world. We are in the middle of an explosion of the world&...
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Is the future green for China?
China recently overtook the United States as the world’s biggest carbon polluter, but in a nation known for its dirty technology , a surprising business trend is emerging: green entrepreneurs. As China booms, the country has relie...
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Trade, Not Aid, For Africa
The man regarded by many as the world’s leading expert on global poverty is Oxford academic Paul Collier. He dedicates his recent book, winner of the Lionel Gelber Prize, to Daniel, apparently his young son. Collier says it’s Daniel’s world that could face massive global upheaval if a solution isn’t found to relieve the ever deepening poverty of almost 50 African states whose populations taken together number a billion people. World poverty is declining, and some countries (Ch...
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Entrepreneurship beyond 2010
Entrepreneurs in South Africa have been encouraged to look for business opportunities for 2010 and beyond. Malose Kekana, chief executive officer of Umsobomvu Youth Fund (UYF) said entrepreneurs need to be educated and informed about businesses they venture into. Kekana was speaking at the 5 th Annual Entrepreneurship Development Conference (EDC) and Business Development Exhibition held at the Cape Town International Convention Centre last week. This year’s...
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Tracking Down the Trail of Foreign Aid
The current foreign aid fad is to channel most money through recipient governments rather than the NGOs that actually deliver most services in most poor countries. This wins the donors (Canada among them) high praise from the heads of those lucky governments who get the cheques. They like this policy a lot. But the people the money’s supposed to help? No so much. In an ideal world, it would be hard to argue against providing aid money through governments....
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