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Interview: Why India Is At the Hawk Eyes of All Investors, Explains Eric Savage
Eric Savage is a Duke and Harvard-educated American investment banker who chose to leave a high-flying career with Citigroup in Hong Kong to come to Bengaluru in 2008. Here he launched Unitus Capital, a firm that specializes in helping social enterprises to raise funds. Social enterprises apply market approaches to address societal challenges.
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- Region
- South Asia
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New One-Stop Resource Centre for Social Enterprises to Be Launched
Instead of seeking help at multiple locations, social enterprises will be able to go to a new one-stop resource centre to be launched in the second quarter of the year. Social enterprises are businesses with a social mission.
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- Impact Assessment
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- Asia Pacific
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Nigeria: 100 Million Entrepreneurial Lifelines – Elumelu Foundation Expresses Shock At Women’s Poor Response
Chairman of United Bank for Africa (UBA) Plc. and Founder of Tony Elumelu Foundation, Mr. Tony Elumelu has expressed disappointment with what he described as Nigerian women entrepreneurs' poor response to the $100 million lifeline provided by the Foundation's Africa capitalism Institute for entrepreneurs to boost industrialization in Nigeria.
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- Sub-Saharan Africa
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The Real Magic of Carpets: Transforming 28,000 Lives With $200
One man’s idea to double salaries and let artisans work from home has created a positive ripple effect across five states in India.
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- Impact Assessment
- Region
- South Asia
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Capitalism Begins at Home
Joseph Schumpeter argued that the miracle of capitalism lies in democratising wealth. Elizabeth I owned silk stockings, he observed, but the “capitalist achievement” does not lie in “providing more silk stockings for queens but in bringing them within reach of factory girls.” In most areas of life this miracle has been working magnificently: in America the number of hours of work that it takes to buy a car, or a wardrobe full of clothes, has halved in the past generation. But in three big areas it has singularly failed to operate: health care, education and housing.
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- Education
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Social Stock Exchanges – Do We Need Them?
Public interest in the development of global impact investing received a significant boost last year, due to an international campaign to divest in fossil fuels by superannuation, pension, and university endowment funds.
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- Impact Assessment
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Microcapital Brief: Investview Acquires Gate Global Impact, Gateway 2.0 Will Continue to Link Social Enterprises, Funders
Gate Global Impact (GGI), a US-based, regulatory-compliant electronic marketplace that focuses on impact investing, has been acquired by Investview, another US-based financial services company [1]. As part of the deal, Investview has also acquired GGI’s Gateway 2.0, a website that enables small and medium-sized enterprises (SMEs) listed on the United Nation’s Global Compact Social Enterprise Hub to access financing for projects intended to produce a financial return while addressing challenges relating to “human rights, labor, environment and anti-corruption.” Investview intends to continue operating the platform through GGI. Mr Vincent Molinari, the chief executive officer of GGI, and Mr Joseph Latona, president of GGI, will join Investview. The financial details of the deal have not been made public.
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Announcing the Most-Influential Post of 2014
Our most-influential post of the year, as voted by our readers, was by a first-time NextBillion contributor in 2014. One might be tempted to declare beginner’s luck, but not in this case.
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