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Accelerating the Adoption of Inclusive Business Models in Multinational Corporations: Challenges, Solutions and Success Stories
Over two decades ago, C.K. Prahalad and Stuart L. Hart challenged the private sector to tap into “the fortune at the bottom of the pyramid” by developing business models that serve people living in poverty. As Annabel Beales at Business Fights Poverty explains, this vision has gained traction under the mantle of inclusive business — yet adoption of these business models remains low among large corporations. She explores why accelerating this adoption is crucial to eliminating poverty and addressing the other SDGs, and shares three key lessons that show how inclusive business can be operationalized by large corporations.
- Categories
- Investing, Social Enterprise
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Agrizy Raises USD $9.8 Million Series a From Accion & Omnivore
Agrizy is India’s fastest-growing B2B agri-processing platform, driving supply chain efficiency and SME profitability.
- Categories
- Investing, Technology
- Region
- Asia Pacific
- Tags
- business development, MSMEs, scale
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Prembly Onboards IDVerse to Expand Global Identity Infrastructure and Pan-African Position
The integration of IDVerse’s identity tools into Prembly’s data infrastructure powers greater reach and automation for emerging markets to transact on a global basis.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Report: AI’s Potential in African Agriculture, Energy and Climate Action – GSMA
A new GSMA report puts forward the huge potential for artificial intelligence (AI) to support Africa's socio-economic growth.
- Categories
- Agriculture, Energy, Environment
- Region
- Sub-Saharan Africa
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IFC and Star Garments Partner to Expand Textile and Apparel Manufacturing in Togo
The funding to build a greenfield clothing factory in Togo is expected to create 4,520 direct and indirect jobs.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- employment, manufacturing, partnerships, scale
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Bboxx Partners With TotalEnergies Marketing Rwanda to Scale Clean Cooking Access to 1 Million People Across Rwanda
The partnership will see Bboxx providing its innovative technology and PAYGo finance model and TotalEnergies Marketing Rwanda LPG cylinders.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Why Private Businesses — Not Non-Profits and NGOs — Present the Only Scalable Solution for Last-Mile Electrification in Africa
In the pursuit of last-mile electrification in Africa, both businesses and NGOs/non-profits are pursuing different pathways to scale. In a recent NextBillion article, Aneri Pradhan at New Energy Nexus argued that market-led approaches are ill-suited for remote communities, and that philanthropy should focus more on scalable non-profit models. But according to Yariv Cohen at Ignite Power, when it comes to serving these communities at scale, businesses offer advantages that non-profits and NGOs cannot match. He explores why the private sector’s role is critical for addressing energy poverty across Africa.
- Categories
- Energy, Technology
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Scalable Mini-Grid Design Requires Expandable Systems: Why Modular Technology and Finance are Key to the Sector’s Growth and Sustainability
Mini-grids offer a proven, low-cost solution to bring energy access to hard-to-reach communities. But as Nathan Sermonis and Liam Murphy at Vittoria Technology argue, mini-grid projects need to start small and grow alongside customer demand for optimal sustainability. They explore why smart mini-grid design requires expandable, right-sized systems with “modular” finance and technology, and discuss how recent innovations in batteries and other solar technologies can enable this change in the sector’s approach to system design.
- Categories
- Energy, Technology
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