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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.
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- 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.
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- 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.
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- Impact Assessment
- Region
- Sub-Saharan Africa
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What It Will Take to ‘Graduate’ 1.2 Billion People Out of Extreme Poverty
Despite the worldwide recession of the late 2000s, the total number of people living in extreme poverty has actually gone down in recent years -- so much, in fact, that we've reached the first of the UN's eightMillennium Development Goals five years ahead of schedule, a startling achievement. The number living in "extreme poverty" decreased by 100 million between 2005 and 2008.
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- Impact Assessment
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Online Game Seeks New Ideas For Poverty Alleviation
Rockefeller Foundation and the Institute for the Future will host a global, collaborative 48-hour online game to find new ways to alleviate poverty.
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- Uncategorized
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Is Sustainable Local Development A Persuasive Alternative to Microfinance?
Milford Bateman has made a cogent case for community-based financial institutions that prioritise sustainable local solutions
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- Uncategorized
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Investing in Agriculture Most Effective Way to Eradicate Poverty in Africa – UN
With the deadline for achieving the Millennium Development Goals (MDGs) just three years away, a senior United Nations official today emphasized that spending on agriculture is the most effective type of investment for halting poverty in Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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