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Bernadine Dias, a Sri Lankan-born scientist based at Carnegie Mellon University (CMU), United States, admits she wears many hats. Her main focus is robotics, but she also devotes a lot of time promoting innovative ways of using technology in poor communities. In 2004, Dias founded an initiative called TechBridgeWorld to forge collaborations between CMU and developing communities around the world, including poor neighbourhoods in the United States. Dias believe...
Learning to Listen: Technology And Poor CommunitiesNews
One of the UK’s leading businessmen says companies have a responsibility to actively support fresh efforts to improve the investment climate across the continent. However, Reuters chairman Niall FitzGerald said there was also a need to tackle the stigma of profiteering accusations which many successful companies in Africa now seemed to face. Mr FitzGerald, the former Unilever chairman, told a business audience in London that the case for business growth as the mai...
Business must take African standNews
Surinder Sud Despite a perceptible increase in the flow of rural credit from institutional sources, the share of the informal sector, notably traditional moneylenders and traders, in farmers’ outstanding debts remain as high as 43.3 per cent at the all-India level. This share is higher than the national average in several agriculturally progressive states, including Punjab, Andhra P...
Rural credit: Local lenders still rule the roostNews
K.V.Rao The New Year is bringing a lot of good news to people desirous of availing banking services. Thanks to the initiative taken by the RBI, commercial banks in India have launched ?no-frills? accounts in response to the RBI?s call for social and financial inclusion of the country?s population, at the bottom of the pyramid. The banks have now understood that it makes sound business sense to open such accounts. ?No-frills? accounts Anybody with a ?zero-bal...
RBI introduces no-frills accounts for the massesNews
The name EthioGift might not ring a bell with the majority of Ethiopians who live in this country but it sure does have some value and has a bit of popularity among those in the diaspora. It is valued by them because it is a means that enables them to connect with their family and friends back home here. What EthioGift does is to charge them online through their credit cards for the gifts that will be delivered to whomever they choose. Our gift list consists of flowers, sheep, ...
Business & Economy: Gifts That Bridge a GulfBlog Post
2005 was designated as the ?Year of Microcredit? by the United Nations, a title meant to raise awareness of the need to build inclusive financial sectors and strengthen the powerful, but often untapped, entrepreneurial spirit existing in communities around the world. Microfinance is...
The ?Year of Microcredit?: A RetrospectiveNews
In many developing economies, the problem is mainly lack of decent and productive job opportunities rather than outright unemployment. The report further notes that people are working long hours under hard conditions for little income because the only alternative is joblessness. Poverty is growing in Africa and Latin America, while it is declining in Asia and Eastern Europe, states a new report released by the International Labour Organisation (ILO). In Africa...
Poverty Growing in Africa, Falls in AsiaNews
Akzo Nobel’s animal healthcare business, Intervet, has signed a Memorandum of Understanding to exclusively supply veterinary products for a special project in India which could benefit more than two million rural families. (CSRwire) Arnhem, the Netherlands ? Akzo Nobel’s animal healthcare business, Intervet, has signed a Memorandum of Understanding to exclusively supply veterinary products for a special project in India which could benefit more than two million rural families...
Millions to Benefit From Intervet Project in India
