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Viewpoint: McKinsey & Company Starts Its Own Version of Bain’s Bridgespan
The announcement that Helene Gayle, the retiring CEO of CARE, was going to be inaugural CEO of the McKinsey Social Initiative struck us as noteworthy for reasons that other press outlets really haven’t covered.
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- Uncategorized
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Social Investment Problems Include ‘Too Much Hype and Hubris and Not Enough Transparency’ Says Report
Social investment in the UK requires less hype, more transparency from lenders and more focus on the needs of charities and social enterprises if it is going to succeed, according to a commission of thinkers and practitioners in the world of social finance.
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- Impact Assessment
- Region
- Europe & Eurasia
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Think Bigger: Social Entrepreneurship’s Critical Need for Accelerators
Prossy Sebunya has a passion for clean cook stoves -- a technology that’s critical in third-world countries, where fuel is an expensive commodity, wood fires lead to deforestation and unhealthy conditions prevent sanitary food preparation.
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- Technology
- Region
- Sub-Saharan Africa
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New Chinese Bank Becomes Major Headache for U.S.
Another day, it seems, brings another new member to China's latest big international initiative: a new development bank for Asia.
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- Uncategorized
- Region
- South Asia
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Interview: India in Strong Position as the ‘Laboratory for Innovation’, Says Acumen’s Ajit Mahadevan
Ajit Mahadevan, Country Head, Acumen, tells Sarika Malhotra that the company's aim in investing patient capital is not to seek high returns, "but to jump-start the creation of enterprises that improve the ability of the poor to live with dignity. In the long-run we do aim to see a return of our capital". Acumen has been investing in India since 2001 and has backed 26 companies across portfolios, including low-cost maternity care, skills training and education, water filtration enterprises and more. In addition to providing patient capital to investee companies, it has also invested in human capital and a wide range of management support services to help the companies scale up.
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- Impact Assessment
- Region
- South Asia
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Twitter Top Ten – 3/29/15
New partnerships. New data. New funding opportunities - even a (discouraging) new Twitter hashtag. This week in global development and social enterprise featured plenty of interesting stories, which generated no shortage of online chatter. We’ve sampled a bit of it, as always, in this top ten list.
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- Health Care
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Development, Impact Investing Pour into Nepal’s Biggest Hydropower Project: The $142 million investment could power 10 percent of the country
The Lower Solu hydroelectric power plant aims to provide electricity to roughly 2 million Nepalese households. The $142 million project, financed through development bank and impact investment financing, is one of the largest-ever foreign investments in Nepal’s history. An interview with the project manager on the energy impact.
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- Energy
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That Time a Hedge Funder Quit His Job and Then Raised $60 Million for Charity
Elie Hassenfeld had an enjoyable and lucrative career in finance. Then he discovered an unusual passion.
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- Uncategorized