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Business activity is a subject that is sometimes missed in international reporting about Africa. Despite that, Africa produces some impressive economic statistics: a 144 percent annual return by the Ghana Stock Exchange, high savings rates and low corruption in Botswana, and South African firms that are investing across the continent and listing on stock exchanges in Britain and the United States. With large and expanding markets for communication and technology, agriculture and mining, Afric...
Africa Open for Business: Stories That Deserve to Be ReportedBlog Post
WBCSD member companies have a combined annual turnover of more than 5 trillion USD, and their products and services touch the lives of about 2.5 billion people every day. Imagine the possibilities if even a portion of this business energy is harnessed to transform the lives of the world’s...
New report highlights private sector role in Millennium Development GoalsBlog Post
An April 2005 report on the financial performance of Africanmicrofinance institutions (MFIs) finds that more than half of those surveyedfail to turn a profit. Conventionalwisdom (and much of the writing on this site) tends to say otherwise ? that microfinanceis profitable. Maybe...
African Microfinance Fails to ProfitNews
The first bank-by-phone system is designed for poor South Africans, enabling saving and access to credit Cellphones are already used for music downloads, text messaging, and video games. But here in South Africa, they are beginning to perform another function: personal piggy bank.
Africa’s cellphone boom creates a base for low-cost bankingBlog Post
According to Business Day, South Africa’s plastic revolution is putting credit card firms in the pink. Cheeky title, but the subject matter is serious business - signaling that the formal economy is growing rapidly in southern Africa. Visa and Mastercard, the industry leaders, report annual...
Credit Access Expanding in African CommunitiesNews
A country with overwhelming agrarian population, 80 percent of whom have no access to formal credit, the microcredit lending has come up as a slowly but steadily growing viable alternative in rural Nepal . Around 800,000 rural population in the country ? mostly representing the women and poorest section of society ? are currently benefiting from microcredit service provided by various institutions and NGOs. Around Rs 20 billion...
A Tool to Tackle PovertyNews
Story found here. AMANCO is a Latin American leader in the production and marketing of integrated solutions for the construction, infrastructure and irrigation industries. AMANCO is part of GrupoNueva, a holding company operating throughout Latin America for more than 60 years, with more than 30 firms and factories located in 13 countries and...
Mobile sales contribute to poverty reduction: GrupoNueva?s AmancoNews
?Two years ago, we came to the realization that we really need to understand the local markets and find unique solutions for them,? said Willy Agatstein, general manager of Intel?s channel definition and development group. The centers and the new business group aren?t Intel?s first attempt at selling its chips and motherboards to the often-small businesses that build and peddle computers in the less-developed world. The chip giant began working with these computer builders and retail...
Intel Scientists Help Sell PCs
