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Viewpoint: This is how to create inclusive growth for an Aspiring Africa
The “Africa Rising” narrative is increasingly giving way to that of “Aspiring Africa”, as the Base of the Pyramid (BoP) shrinks and the new middle class burgeons. Central to this new narrative is inclusive growth: the idea that economic growth must come with equitable opportunities for all participants, with benefits enjoyed by every section of society.
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- Uncategorized
- Region
- Sub-Saharan Africa
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A Week at the Cutting Edge: Eight Insights into Emerging Market Fintech
This post by Jake Kendall and Stephen Deng, about innovators prototyping and testing new fintech ideas at the first DFS Lab Fintech Bootcamp in Dar es Salaam, was December's most popular. It's now in the running for Most Influential Post of 2016. Today's the last day to vote for it – or any of the other 11 entrants. The winner will be announced Wednesday.
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- Technology
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Microfinance Looks Toward the Future – But Will Fintech Revive the Controversies of Its Past?
James Militzer's wrap-up of European Microfinance Week says microfinance has lurched from development sector darling to punching bag over the years, but in the midst of this turmoil – and in reaction to it – practitioners at industry events have been diligently reimagining their sector. That take earned Militzer a spot in our Most Influential contest. You can participate by casting a vote ... but you've only got one more day.
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Study: Mobile Money Lifts Kenyan Households Out of Poverty
Since 2008, MIT economist Tavneet Suri has studied the financial and social impacts of Kenyan mobile-money services, which allow users to store and exchange monetary values via mobile phone. Her work has shown that these services have helped Kenyans save more money and weather financial storms, among other benefits.
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- Technology
- Region
- Sub-Saharan Africa
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Weekly Roundup: Romanticizing Castro, Bridge’s Troubled Waters and the Benefits of Cash
NB's Weekly Roundup makes the call on whether Cuba's high quality of health care justified Castro’s means of achieving it; ponders the future of a private education company under attack from public sector foes; helps debunk the assumption that poor people, when given cash, will squander it on cigarettes and alcohol; and brings up the possibility that data, as it relates to public health, is a business opportunity.
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- Education, Health Care, Technology
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Definitive Data on What Poor People Buy When They’re Just Given Cash
It is increasingly common for governments to give poor people money. Rather than grant services or particular goods to those in poverty, such as food or housing, governments have found that it is more effective and efficient to simply hand out cash. In some cases, these cash transfers are conditional on doing something the government deems good, like sending your children to school or getting vaccinated. In other cases, they’re entirely unconditional.
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An Opportunity for Small Businesses Expanding Affordable Internet Access: Grant Applications Open
New Sun Road designed, built and operated the first 24/7 metered electricity service on an off-grid island chain in the southern part of Uganda. It's exactly the type of small business – providing a critical service, creating jobs – that Microsoft aims to support with its Affordable Access Initiative. Applications are open for a new round of grants through the initiative, and will be accepted through Jan. 31.
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- Technology
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An MVP for Africa: Adapting Poverty Solutions to New Continents and Contexts
Fundación Capital has had success fighting extreme poverty in Latin America, using the Graduation model. Now it's transporting the model to new cultures and contexts on the other side of the Atlantic, starting in Tanzania and Mozambique. Fundación discusses the challenges it has faced in adapting its model to new languages and cultures, and the lessons it has learned in the process.
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- Education, Technology
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