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There’s a $56 trillion market that could be the biggest in the history of commerce
In a round-up of some of its strongest long-term investing themes, Bank of America Merrill Lynch highlighted one such opportunity for businesses and economic growth: the explosion of the global middle class.
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- Uncategorized
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If you want to make money in Cuba, join a band
“In Cuba, we have an inverted socioeconomic pyramid,” says Guevara. Waiters make more than software engineers, a hotel bartender is more likely to go on a holiday abroad than a bank manager, and having a university degree typically doesn’t mean higher pay.
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- Uncategorized
- Region
- Latin America
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India Post to open payments bank with 650 branches
India Post, which already offers limited financial services through its 154,800 post offices, is also becoming a payments bank with 650 dedicated branches involving an investment of Rs 800 crore, officials said on Wednesday.
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- Impact Assessment
- Region
- South Asia
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Viewpoint: Don’t write off India’s payments banks
The withdrawal of three licencees should not be read as a doomsday omen for the idea and underlying rationale. It is too early to write off a well-intentioned idea that puts change and innovation before incumbency. Rather, these withdrawals should be seen as signaling the need for introspection and course-correction to adapt to the fast-changing, competitive landscape of India’s banking and payments sector.
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- Uncategorized
- Region
- South Asia
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U.S. Tech Giants Flock to Africa to Compete for Digital’s “Final Frontier”
Not so long ago, Big Business saw Africa as a charity case. Much of the investment by multinational corporations across the continent was geared more toward burnishing corporate sustainability programs—building schools, planting trees, offering occasional internships—than gearing up for future growth.
Today the picture has changed radically. In the past few years, U.S. technology companies have begun to invest heavily in Africa.- Categories
- Investing, Technology
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Tata Trusts Inks Pact With The/Nudge Foundation
Tata Trusts and The/Nudge Foundation, a Bangalore-based non-profit working on poverty alleviation at scale on Tuesday inked a pact which will help the foundation to innovate on their flagship 'Programme in Life Management' in their Gurukuls, build the team needed to scale pan-India and gear up for a growth target of 7X in 2016-17.
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- Uncategorized
- Region
- South Asia
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An Indian Farmer’s Son Is Now Worth More Than $300 Million After His Health Care Firm’s IPO
By his own admission, Arokiaswamy Velumani was born at the bottom of the pyramid. The son of a landless farmer from the nondescript village of Appanickenpatti Padur in Tamil Nadu, Velumani saw through school and college on subsidised funding from the government.
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- Health Care
- Region
- South Asia
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NexThought Monday – Seeking Scale: The Unexplored Power of Standardized Tools and Customized Implementation
Ted London has been working in the base of the pyramid domain since 1989. During that time, he's engaged with many hundreds of entrepreneurs and business leaders seeking to develop and launch enterprises in BoP markets. He's seen several success and many failures. It lead him to develop the Partnership Ecosystem Framework, a tool that helps prepare the enterprise for building the cross-organizational collaborations needed for sustainability at scale.
- Categories
- Education, Impact Assessment
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