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How Foreign Aid Can Innovate Itself Out of Existence: Exploring the Potential of Market-Creating Innovation for Sustainable Development
The foreign aid sector has long been criticized for its inability to generate consistent economic growth and poverty alleviation in developing countries. According to Efosa Ojomo at the Clayton Christensen Institute for Disruptive Innovation, a new approach to aid is needed: one that recognizes the power of business innovation to create new markets that advance local prosperity. He discusses a new pan-African initiative based on that approach, which aims to mobilize aid, business and African institutions to build new markets that generate self-sustaining economic growth.
- Categories
- Health Care, Investing
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Press Release: The United States Agency for International Development (USAID) Advances Women’s Economic Security Through the Gender Equity and Equality Action Fund
The Agency will strive to increase incomes and opportunities for women, recognizing that this benefits entire communities, economies, and countries.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Press Release: Trade and Development Bank Group Extends USD $100 Million Financing to the Export Trading Group to Support Smallholder Farmers in Africa
In a region where the majority of employment is in agriculture, 285,000 smallholders are expected to benefit from value chain integration.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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FSDH Merchant Bank Announces $35 Million Facility From International Finance Corporation to Boost Growth of Businesses in Nigeria
The credit facility will be used to improve access to finance for medium-scale businesses in the emerging sectors of the Nigerian economy.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: USDA Awards $45 Million to Winrock International to Expand Climate-Smart Agriculture in Malawi and Thailand
The U.S. Department of Agriculture (USDA) announced a $178 million investment in Food for Progress projects Winrock will implement two of the seven projects.
- Categories
- Agriculture, Energy, Environment
- Region
- Global
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Analysis: Africa Must Remove Barriers to Cross-Border Trade to Target Food Insecurity, Warns IFPRI
Experts warned that pursuing continental self-sufficiency may not be an appropriate remedy for Africa's weak position in agricultural supply chains.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Over $5 Million in Funding to Support Farmers and Agribusinesses in Uganda to Become Climate Resilient
KOICA and ITC sign grant arrangement to enhance natural disaster resilience and competitiveness of farming households and agribusinesses in Uganda.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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How Can Africa’s Energy Sector Attract More Investment?
Attracting institutional investors and pensions funds to Africa’s energy transition remains a challenge in a world in flux. But the problem may be a lack of bankable projects rather than finance.
- Categories
- Energy
- Region
- Sub-Saharan Africa