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Goldman Sachs, Mitsui PEs invest Rs 315 cr in Global Beverages
Global Beverages & Foods (GBF), promoted by fomer Godrej group head A Mahendran, has raised Rs 315 crore from Goldman Sachs and Mitsui Global Investment to build a large, fast-moving consumer goods platform.
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- Technology
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Home Financiers Strike Deal for Bottom of the Pyramid in Kenya
“Over the years, the country has accumulated a housing deficit of over three million, which has led to demand for housing exceeding supply and proliferation of slums. Now we are telling people to stop renting houses and move to their own homes.”
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- Region
- Sub-Saharan Africa
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A Busy Week in Nairobi: A week full of events on the African social enterprise scene
Nairobi was the place to be on the African social enterprise scene last week. A wide range of meetings, conferences and workshops covered topics ranging from the role of government, to the risk of “early celebration-itis" for good but unproven early-stage ideas. The Overseas Development Institute’s Emily Darko describes some highlights.
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- Social Enterprise
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NexThought Monday – The Real 4Ps of Inclusive Business: Perseverance, pilots, partnerships and passion
We started last September – looking across the entire portfolio of businesses supported by the Business Innovation Facility since 2010. The more we looked, the stronger the common themes appeared. Most companies ended up innovating more than they expected, and in more parts of the value chain.
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- Education
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Brics countries must climb the value chain to be big brands
Two concepts — Bric, an economic and investment concept, and bottom of the pyramid (BoP), a business philosophy concept — changed the relation between rich and poor countries, the structure of organisations, and delivery of products and services in the last decade. One would not have been successful without the other.
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(With Video) Maximizing the Micro Approach to BoP: A new book explores bottom-up solutions
Madhu Viswanathan believes “bottom up” methods are too often neglected when thinking about BoP business development. Viswanathan, a business professor at the University of Illinois, Urbana-Champaign, hopes to shift that imbalance in a new e-book, Subsistence Marketplaces.
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NextThought Monday: Three Assumptions You Should Avoid When Working with the BoP
My goal in Villa El Salvador — an urban, residential district on the outskirts of a desert area in Lima —was to supervise a focus group with inhabitants of this neighborhood that will be part of a broader study that IDB’s Opportunities for the Majority is developing as part of its 2014 knowledge production strategy. Many of participants in the focus group surprised me with some of their answers, as they went against many of my rooted preconceptions.
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- Finance, Technology
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NexThought Monday – Announcing the Most Influential Posts of 2013
We asked for your vote, and NextBillion readers cast more than 16,000 in our contest to pick the Most Influential Post of the year. Here are your winners for 2013.
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