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Owning a mobile phone does not move you to the middle class
James Ogule, who lives in Namugongo, a Kampala surburb, thinks the vendors selling matooke (plantains) by the road to his house should not be considered middle class.The vendors spend more than $2 (sh5,200) a day and Ogule who works with a government regulatory body thinks equating a middle class to sh5,200 a day is a pity.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Africa Growth Isn’t Meeting Needs of Young, Poor: Report
ADDIS ABABA, Ethiopia—Foreign investment and increasing exports are propelling high economic growth rates in Africa, but haven't established enough jobs to substantially reduce poverty or meet the high expectations of the continent's large number of youths and poor, according to an annual economic progress report released Friday at the World Economic Forum's meeting here.
- Region
- Sub-Saharan Africa
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Uganda’s Middle Class Grows As Poverty Dips
Kampala — The number of absolutely poor Ugandans has dropped to 7.5 million (24.5%) from 8.5 million (31.1%) as of 2010, a Ministry of Finance status report released in Kampala shows.
- Region
- Sub-Saharan Africa
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Guest Post: Lifting Africa Up By Empowering its Youth
Voices on Society, an online publication from McKinsey & Company’s Social Sector Office, launched last week. In its first edition, Fred Swaniker, founder and CEO of the African Leadership Academy, writes that Africa is sitting on a time bomb unless it creates its own jobs through the ingenuity, ability, and skill of its own people.
- Categories
- Education, Impact Assessment
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How Tony Elumelu’s ‘Africapitalism’ Aims to Redefine African Economic Development
Tony Elumelu did not set out to create social change during his tenure at the helm of United Bank of Africa. "We wanted to democratize banking – at the time, it was an economic, not a social act,” he said during a keynote speech the Global Philanthropy Forum. Elumelu turned the failing Nigerian bank United Bank of Africa (UBA), which was purchased in 1997 for $5 million, into a multi-billion dollar financial services powerhouse. Elumelu is now taking his learnings from this experience to redefine strategies for African economic development.
- Categories
- Uncategorized
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Environmental Index Could Save Rural Communities
By creating the world's first long-term record of ecosystem health, Chinese and UK researchers have identified where specific social and economic policies have damaged the environment in eastern China.The work shows that wealth generation over recent decades is damaging essential ecosystem services on which the poorest rely - things like food, fuel, and clean water.
- Categories
- Environment, Impact Assessment
- Region
- Asia Pacific
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Weekly Wrap: On Earth Day, Poverty, in All its Shapes and Sizes
Poverty is everywhere. The state of being impoverished, poverty-stricken, limited or depleted is not exclusive to the bottom of the pyramid, and the bottom of the pyramid is no longer exclusive to the countries we call developing. Poverty is also not exclusive to our species.
- Categories
- Environment
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South Africa: Brazilians to Share Experiences On Beating Hunger
Social Development Minister Bathabile Dlamini says sharing experiences with Brazil will help South Africa deal with the challenge of hunger.
- Categories
- Impact Assessment
- Region
- Sub-Saharan Africa