Economic Development

Turning Kenyan safaris into economic development hubs

In East Africa, native tour guides have formed an organization that is transforming the future of African wildlife and Kenyan safari travel. Maasailand is the heart of a billion-dollar tourism industry on which the Kenyan government relies and which directly employs over 100,000 people a year. The Maasai Mara Game Reserve alone hosts one-fifth of

Commodity price falls mean poorest countries miss UN poverty goals

Hopes that half of the world’s 48 least developed nations could emerge from extreme poverty by the end of the decade have been dashed after a UN body reported the weakest year of growth in more than 20 years. The UN conference on trade and development (Unctad) said plunging commodity prices had hit the group

Shaping Social Impact Education Through Collective Wisdom

When the Skoll Centre for Social Entrepreneurship was founded at Oxford’s Saïd Business School in 2003, it was one of the first business-school centers of its kind, leading the way in Europe. The students who received Skoll Scholarships for their social impact-focused track records were anomalies in classrooms filled with hopeful consultants, bankers, and accountants.

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Digital finance set to open opportunities in Africa

Earlier this year, the World Bank highlighted digital finance as having the capacity to contribute to reaching the goal of universal access to financial services by 2020. About 2-billion adults across the world do not have access to formal financial services. In sub-Saharan Africa, about 30% of the population has a bank account, a low figure

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Single women with personal wealth more likely to become entrepreneurs than men

A new economic study by the University of Stirling and Royal Holloway, University of London, has found evidence that there is a big difference in cash flow problems faced by men and women in the UK. They found single women face more severe constraints to their incomings and outgoings, but that those single women whose


Three Ways Businesses Can Boost Sustainable Development

What does a procurement manager in Managua have to do with the Sustainable Development Goals (SDGs)? Or a Kenyan farmer’s mobile-phone plan with the World Economic Forum’s development discussions? When it comes to long-term development solutions – well, everything. Given the increasing involvement of the private sector in developing countries, ordinary aspects of doing business


Nigeria: Growing a Sustainable Economy Through SMEs

Hundreds of small businesses in Africa fold up within their first year of operation, according to empirical studies, a situation that has spurned enormous research to unravel the causes, and to proffer appropriate solutions. The major cause, said Ethel Nyembe, Head of Small Enterprise at Standard Bank, is poor forward planning and lack of attention


Foresight Africa 2016: Banking on agriculture for Africa’s future

As countries across sub-Saharan Africa grapple with the challenges of sustaining high levels of economic growth, plunging commodity prices, and the effects of climate change, revitalizing agriculture must become a priority on the continent. The latest World Bank report warns that anemic recovery in emerging markets will weigh heavily on global growth prospects.  Its 2016


Logistics is key to economic growth; here’s why ‘Make in India’ also requires ‘Move in India’ push

Logistics forms the backbone of domestic and international trade in any economy and is a critical factor for competitiveness. Besides providing employment and movement of goods, an efficient logistical network enables increases in the speed of doing business. A pertinent question is how does one measure the logistics performance of a country and compare it


India’s Audacious Plan to Bring Digital Banking to 1.2 Billion People

In India, a biometrics-backed ID system will make it easier for everyone—from rural villagers to urban dwellers—to ditch cash. Read more at  India's Audacious Plan to Bring Digital Banking to 1.2 Billion People - Bloomberg India has the highest rate of growth in mobile phone users in world followed by China. Check out this infographic.  Act


Gemini Investors creates thousands of jobs by investing in small businesses

Gemini Investors is a small business investment company (SBIC) that puts equity and mezzanine capital into small to mid-size companies. Through their unique model, they have helped create over 10,000 jobs in the United States. Gemini Investors, along with other SBICs, display a successful model for investment that benefits small businesses, investors, banks and communities


Co-operatives: the ultimate responsible business?

Why is there a need for Responsible Business week? Because somewhere along the way, businesses became irresponsible as the drive for profit that benefits a few increased while answerability decreased. But co-operatives’ inherent accountability – their responsibility – to members, make them the ultimate responsible business structure. Read more at Co-operatives: the ultimate responsible business? Act Now  Learn more


Google to Give Training to 1 Million Africans to Boost Jobs

Google Inc. is scaling up its digital skills training programs to accommodate a million Africans in the next year, aiming to deal with high unemployment numbers on the continent. Read more about Google's global initiatives to combat poverty and high unemployment: Act Now Source: Google to Give Training to 1 Million Africans to Boost Jobs -


What About Family Businesses?

According to research conducted by the Cox Family Enterprise Center, 80 percent of the world's businesses are family-owned, and 60 percent in the U.S. In fact, in this country, family-run businesses account for more than half of the gross domestic product. Perhaps neither of the first two statistics are surprising. But, consider that nearly 35