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The African Insurance Organisation, AIO, has decried the low level of insurance penetration in Africa, saying that the continent can boast of only about 1.4 per cent of total world premium. President of AIO, Mrs. Lamia Ben Mahmoud who made the assertion at the 43rd Conference and Annual General Assembly of the AIO in Marrakech, Morocco last week noted that there is clear predominance of developed countries on the insurance market.
Africa Accounts for Only 1.4% of World Insurance PremiumBlog Post
This week in the roundup we consider the pushback of Haitian farmers and NGOs against the U.S. government's mass peanut donation, how marketers might be undermining mothers who breastfeed, and whether Google's ban on ads from payday lenders could justifiably be applied to microfinance.
UPDATED Weekly Roundup: Haiti’s Peanut Pushback, Moms Vs. Markets and Should Google’s Payday Ban Apply to Microfinance?Blog Post
SOCAP, the world’s largest conference on social enterprise and impact investing, is already gearing up for its fall 2016 event. The conference will take place Sept. 13-16 at the Fort Mason Center in San Francisco, CA. In the meantime, SOCAP is accepting applications for two important elements of the event: SOCAP Open and the Entrepreneur Scholarship Program.
Get Ready for SOCAP16: Apply for SOCAP Open and Entrepreneur Scholarship Program
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The Kenya Revenue Authority (KRA) is seeking access to individual and companies' mobile money transaction records in a move that is intended to open a new front in the fight against tax cheats.
Kenya Revenue Authority Now Targets Mobile Money to Smoke Out Tax CheatsNews
Building on the success of its program in West Africa, Stanford Seed (http://www.gsb.stanford.edu/seed/home), the Stanford Institute for Innovation in Developing Economies, has announced the launch of the Seed Transformation Program in East Africa (http://www.gsb.stanford.edu/seed/transformation-program/east-africa).
Stanford University Business Program Takes Root in East AfricaBlog Post
With an estimated $140 billion needed per year to finance the health-related Sustainable Development Goals, the role of private sector finance is more critical than ever. Dalberg, after exploring the topic from a variety of angles and analyzing successes, synthesized three golden rules of investing in health-focused BoP models to help guide businesses, investors and start-ups.
Three ‘Golden Rules’ of Investing in Health-Focused BoP ModelsNews
For the last 15 years or so, there has been lots of hype about “business models” that will alleviate global poverty while turning a profit. It was a premise derived from the success of the microfinance industry in providing credit to some of the poorest people in the world, who, contrary to conventional wisdom, had a higher repayment rate than the typical borrower. As the late Dr. CK Prahalad hypothesized in his landmark book, “The Fortune at the Bottom of the Pyramid”, there are several strategies that organizations fighting global poverty need to master – and that those capabilities are in abundance in the private sector. They are better at marketing. They are better at R&D and understanding price points. And they are good at partnerships when it serves their purposes. The public and non-profit sectors, alternatively, are generally not very good at any of these things.
Want to Serve the World’s Poorest Citizens? Take Your Company Public in IndiaCalendar Event
Bootcamp on Design and Manufacture of BoP Products
