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The Land Rush Doesn’t Have to End in a Poor Deal for Africans
If dodgy emails offering millions in return for your downpayment to repatriate a stranded Nigerian astronaut do not tempt you, then maybe this will appeal to your speculative side. A hectare of fertile African land, a 99-year lease, and all for $1 a year. Think about it: crop prices are soaring, land is appreciating and import-dependent rich nations virtually guarantee you a never-ending export market. It’s starting to sound like that Niger...
- Region
- Sub-Saharan Africa
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Grassroots Business Fund Expands International Presence to Kenya
The Grassroots Business Fund (GBF), whose mission is to build and support high-impact businesses that provide sustainable economic opportunities to millions of people at the base of the economic pyramid, has opened a new office in Kenya as a part of its ongoing global growth strategy. While GBF has been operative across the region for more than two years, the expansion intends to provide greater on-the-ground technical and financial assistance to high-impact businesses in region. ...
- Region
- Sub-Saharan Africa
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Why Women are Economic Backbone of Rwanda
Kigali, Rwanda (CNN) -- Six days a week Bernadette Ndizigiye puts her skillful hands to work. Stretched out on the floor of an empty classroom in Kigali, Ndizigiye and 20 other women weave baskets to earn their keep. Her job at the Agaseke Project, a government run cooperative, has earned Ndizigiye a steady wage, her first savings account, and a taste of financial empowerment. "I can pay school fees for m...
- Region
- Sub-Saharan Africa
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Fund Seeks to Invest in the West African Seed Industry
The West Africa Agricultural Investment Fund ("WAAIF") and Injaro Investments Limited ("Injaro") Monday announced the First Closing of the first ever West African fund focused on investing in indigenous seed production companies. The initial investors in the fund are The Alliance for a Green Revolution in Africa (AGRA) and the Lundin For Africa Society, a Vancouver-based foundation. The launch of the fund will provide capital that is desperately needed by West Africa’s cr...
- Region
- Sub-Saharan Africa
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Fighting Poverty in Kenya by Selling Water Pumps to Poor Farmers
JIM LEHRER : Next: A California man takes a business approach to combating poverty in Africa. "NewsHour" correspondent Spencer Michels reports. SPENCER MICHELS : It’s a strange sight on the roof of a building in San Francisco: Martin Fisher, the co-founder of a nonprofit called KickStart, demonstrating a pump called the Super MoneyMaker that he developed for sale in poor countries, mostly in Africa. It’s a devic...
- Region
- Sub-Saharan Africa
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Cooperatives Can Get Women Out of Poverty
On July 3, Uganda joined the rest of the world in the celebrations to mark the 88th Annual Cooperative Day, a day which provides us with a chance to reflect upon the remarkable achievements of the Cooperative Movement. The theme for this year was Empowering Women, a section of society which has historically stood to gain the most from the movement, and continues to advance itself using cooperative tools. All over the world, women are choosing t...
- Region
- Sub-Saharan Africa
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Danone Expands Its Pantry to Woo the World’s Poor
RICHARD TOLL, Senegal-Twice a week after work, Senegalese webmaster Demba Gueye treats himself to a snack: a 10-cent tube of Dolima drinkable yogurt. It’s a splurge considering his two-dollar-a-day food budget, and the 50-gram sachets are "teeny." But the 25 year-old says they’re delicious. "I’m crazy about it," he says. The yogurt is an attempt by French food company ...
- Region
- Sub-Saharan Africa
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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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