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IBM Advances with SME Expansion Plan in Bhubaneswar
As part of its ongoing expansion strategy to Tier 2 cities throughout the country, IBM India announced the launch of its SMB operations in Bhubaneswar. This expansion will enable IBM to provide better support to SME clients in and around Bhubaneswar and help IBM’s customers leverage IT for business growth. In addition, mid-market ...
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?Half of the world?s population will have mobile phones by 2008?
The current global revolution created by mobile telephony use has been predicted to continue with over 50 per cent global penetration expected in 2008. According to a new report from a United Kingdom-based research firm, Portio Research , a further 1.5billion mobile phone users are expected over the next four years to bring the overall penetration rate to 75 per cent by 2011. Current global population figures is cu...
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Small business bank proposed
The fourth Arab Meeting for Small and Medium Industries, which was held in Sana?a from 25-26 November, has recommended establishing an Arab Investment Bank to finance small and medium industries, to be approved at the next pan-Arab summit. The meeting called on Arab countries to set up a legal framework to organize small and medium industries and to unify government efforts to assist this sector. It was recommended that Arab countries should create financial mechanisms which cover th...
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Endeavor (www.endeavor.org) invited 12 high-impact entrepreneurs from South Africa, Brazil, Chile an
Endeavor ( www.endeavor.org ) invited 12 high-impact entrepreneurs from South Africa, Brazil, Chile and Egypt to join its network last week at an International Selection Panel in Cape Town, South Africa. These entrepreneurs represent nine companies operating in fields ranging from voice-over IP mobile telecommunications and broadband communications from South Africa, affordable dialysis care in Brazil, yarn production in Chile and wireless techn...
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Face to Face – Endeavor
Summit TV speaks to Endeavor managing director Greg Durst about the role the organisation is playing in fostering entrepreneurs and job creation in South Africa DAVID WILLIAMS: Welcome to Face to Face. We are talking about entrepreneurship, and with me is Greg Durst managing director of the ...
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Can Greed Save Africa?
By Roben Farzad It isn’t easy for Masoud Alikhani to check on his investment. The Iranian-born Briton owns a facility in Mozambique that turns jatropha, a hardy, drought-resistant plant, into biodiesel. An October visit starts with an 11-hour flight from London, his home base, to Johannesburg. From there he jumps into a four-seat Piper Seneca II for a wobbly three-hour flight to Maputo, Mozambique’s capit...
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Not quite as stellar as it looks
AS a shining example of a happy transition from war to peace, Mozambique has won a lot of plaudits. In October Joaquim Chissano, the country’s former president credited with much of its recent success, won the first Mo Ibrahim prize for retired African rulers. In November the accolades came from the World Bank, which praised Mozambique for being among the region’s top business reformers. Enthusiastic donors poured $1.3 billion into the country in 2005?about a fifth of its
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No silver bullets? The online funding revolution and micro-finance sector
By Irin When Muhammad Yunus , founder of Grameen Bank , which revolutionised credit for the poor, won the 2006 Nobel Peace Prize, micro-finance became a household concept. Now, online lending sites such as Kiva and NamasteDirect , give ev...
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