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Muhammad Yunus, Banker to the World’s Poorest Citizens, Makes His Case
Last year, a panel of judges from Wharton joined with Nightly Business Report, the most-watched daily business program on U.S. television, to name the 25 most influential business people of the last 25 years. On that list was Muhammad Yunus, managing director of Grameen Bank in Bangladesh and a pioneer in the practice of microcredit lending. Grameen Bank received formal recognition as a private independent bank in 1983 and, as of this month, had dispersed close to $5 billion in ...
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- Knowledge@Wharton
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A charter for Africa’s barefoot entrepreneurs, by Rosemary Righter
Government-led ?solutions? for Africa, if I may adapt a Blair slogan, look Not Forward, But Back. We should be asking, instead, how best to bring capital and skills together to help these anything but passive ?masses? to do better what millions of them, considering the circumstances, already do surprisingly well. That is why Enterprise Solutions to Poverty , ...
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- Business Times
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Nike Foundation Steps on to New Field
The Nike Foundation Refocuses Investments and Advocacy Toward Two of the United Nations Millennium Development Goals - Poverty Alleviation and Gender Equality Celebrating International Women’s Day, Nike, Inc. today announced the new focus and direction of the Nike Foundation, a 501(c)(3) non-profit organization. The Nike Foundation will provide grants and leverage Nike?s voice and global reach to help improve the lives and well-being of adolescent girls in the developi...
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- Press Release
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Phones for the poor, by Syed Mohammad Ali
Kenya is estimated to have three million cell phone users among its 30 million people while only 200,000 households have electricity. Indians are buying two million cell phones a month, despite the fact that 300 million of them live in poverty. Phone makers are lobbying for tax breaks arguing that the product is no longer a luxury item. With the increasing saturation of markets in developed countries and the simultaneous expansion of consumerism around the world, many business c...
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- Daily Times
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Let The Market Find A Cure For AIDS, by Scott Gottlieb
While most drugmakers have stepped in to make their HIV treatments available to developing countries at no-profit prices, they have not been willing to sign on to schemes that put at risk profits in first-world markets that should have the ability to fund the expensive R&D enterprise that produces these drugs. This has often put drugmakers at odds with international groups, like the WHO, which have been eager to give away today’s medicines with scarce regard to what it d...
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- Forbes.com
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Eskom proposes hydro-electricity generators on the Congo, by David Hopkins
One of Africa’s biggest electricity generating companies is drawing up plans to harness the power of the Congo River to generate electricity. Reuel Khoza, chairman of the South African based power company Eskom Holdings, announced the plans at the Africa Business and Sustainable Development meeting during UNEP’s 23rd Governing Council Ministerial Environment Forum. Africa urgently needs energy to lift its people out of poverty and deliver sustainable development. The Co...
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- Edie Newsroom
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Glaxo eyes pacts for developing vaccines, by Vivek Y Kelkar
Glaxo India is planning to enter into an alliance with major government and private research centres in the country for developing its vaccines, especially in areas related to clinical development of its products. Kal Sundaram, the company?s managing director, admitted that the company was open for alliances and was, in fact, actively seeking these, in order to develop and launch vaccines for the Indian and South Asian market. ...
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- Business Standard
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Glo Debuts With Mobile Banking Service, by Okechukwu Kanu
Glo Mobile has begun trials of its mobile banking service, the Glo M-Banking, which allows Glo Mobile customers swift and easy access to their bank accounts from their mobile phones within Glo coverage areas. Glo M-Banking is a collaboration between Glo Mobile and e-payment switch, Interswitch, which, for the first time in Nigeria, provides a uniform interface to a multitude of banks. Story available here. ...
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- This Day (Lagos)
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