Results
News
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 PCsNews
The world’s largest chipmaker wants to capture more of the world’s market for its chips, motherboards and other components. Intel is going about that goal with a new program targeted at select geographies. Called platform definition centers, the program provides locally relevant computing solutions, based on Intel technology, of course. The goals of the new program are anything but modest. Bill Siu, general manager of Intel’s recently formed Channe...
Intel Opens Centers for Emerging Markets, by David NeedleNews
The world’s top electric appliances maker yesterday opened a regional office in Nairobi. General Electric international president and CEO (chief executive officer), Nani Beccalli, said the company believes there will be a significant growth in demand for its products in East Africa’s transport, energy and health industries over the next few years. Our new office in Nairobi presents an opportunity for us to be close to our customers, including Kenya Airways, K...
GE Opens Office in Nairobi, By Kaburu MugambiNews
Islamic financial services (IFS) can be viewed as an element of the broad process of financial innovation and diversification of the financial landscape. IFS are continuing to evolve in response to market demand and regulatory developments. Basic Principles of Islamic Finance Islamic finance is broader than interest rate prohibition. The general perception of Islamic finance is that it prohibits the practice of paying and receiving interest. Actually the prohibition i...
A Little-Explored Avenue for Expanding OutreachNews
In an empowerment initiative aimed at rural and other areas of Tanzania where electricity supplies are scarce or absent, Vodacom Tanzania has announced that they are rolling out Vodadukas powered completely by solar energy. ?In places where people like without infrastructure such as electricity and good roads, we believe these mobile solar-powered units will have considerable impact on the standard of living and help create jobs,? says Vodacom Tanzania?s Managing Director. Romeo Kumal...
Vodadukas to be powered by solar energyNews
Developing countries need fair access to world markets to break free of the red tape, corruption and historical shackles that keep them mired in poverty, argues Paul Myners. Countries, like individuals, tend to get richer by making money rather than receiving handouts. But countries need a start. They need the basics. Jeffrey Sachs, the development economist, has a useful image: the poor have to get on to the ladder of development; but the ladder hovers overhead and they ...
Aid will go only so far in helping Africa (Opinion)
