Rethinking Development Finance
The House of Commons International Development Select Committee (IDC) has recently launched a new inquiry into development finance, as part of a broader inquiry into the future of UK development cooperation. The Committee would welcome the views of Business Fights Poverty members on this subject. You can post your comments below, or submit your written […]
Why Job Creation Is King in Africa, Just Like Everywhere Else
At the recent Africa Economic Summit in Cape Town, one of the themes of debate was the ‘post 2015’ goals, which the United Nations community will set itself when the existing Millennium Development Goals expire in 2015. I spoke at an event hosted by Business Fights Poverty where the audience seemed divided over whether these […]
Strengthening Inclusive Business Ecosystems
Before we started our recent research on Project Nurture, we had thought of the partnership as a relatively straightforward, three-way relationship among The Coca-Cola Company, the Bill & Melinda Gates Foundation, and TechnoServe. Between 2010 and 2014, Coca-Cola and the Gates Foundation would contribute $11.5 million to TechnoServe, which would in turn build the capacity […]
How Using Mobile Payment Systems Can Increase Your Revenue And Help You Keep Track Of Sales
In several developing and emerging markets, the use of mobile phones to make financial transactions (‘mobile money’) is now widely accepted, including by those at the base of the economic pyramid (BoP)*. The largest telecoms provider in Africa, MTN, transfers close to $208 million across their networks every month, according to its CEO Themba Khumalo. […]
Getting Paid – The Value of Using Mobile Payment Systems
In several developing and emerging markets, the use of mobile phones to make financial transactions (‘mobile money’) is now widely accepted, including by those at the base of the economic pyramid (BoP)*. The largest telecoms provider in Africa, MTN, transfers close to $208 million across their networks every month, according to its CEO Themba Khumalo. […]
Realizing Africa’s Wealth: Building Inclusive Businesses
Inclusive Business, Impact Investment, Pro-poor economic growth, value chain approaches and improving ecosystems are just a few buzz words floating around in current development debates. They all have one overarching key question in common: How to bring previously excluded people into the marketplace and share economic benefits with low-income communities? The UNDP major report “Realizing […]
Sustainable Sourcing: Unilever Challenges Its Own Value Chain
This week we announced that more than a third of our agricultural raw materials are now sourced sustainably. This is a significant milestone on our journey towards a target of 100 percent by 2020. Currently, our sustainable sourcing figure stands at 36 percent – up from 24 percent in 2011. We are very proud of […]
Infrastructure in Africa and How the Private Sector Helps
Infrastructure is an essential foundation of development. Effective, well-regulated systems for the provision of power, transport, water, and the fast-converging world of telecom, media, and technology lie at base of successful economies the world over. There is almost no way to overestimate their impact in raising incomes and improving living standards—whether measured through their contribution […]
The Nigerian Sustainable Banking Principles – Paving the way for Responsible Business in Nigeria
Entering Lagos – a city of 7 million and the second fastest growing city in Africa – is quite an experience. One is immediately stunned by the chaotic atmosphere, the obvious energy that can only be found in a booming African economy and the feeling that opportunities lie in every corner. For an outsider visiting […]
Lendwithcare in the Philippines – Providing more than just microcredit
Like every visit to a lendwithcare.org partner, it has been characteristically heartening to see how these businesses are thriving because of access to vital capital. A typical story is to see that within a year or so of investment, coupled with financial and business advice from our partner MFIs, entrepreneurs have managed to double or […]
Priceless: Volunteers Bring Financial Literacy to the Masses
To help combat this critical social gap, corporate philanthropy initiatives of all shapes and sizes have been created. Leading companies are working to empower people across the country (and world, in some instances) by putting their core financial literacy competencies to work. For example, PwC is mobilizing its most important asset — its 35,000 people […]
IFC: MICROINSURANCE – A Private Sector Safety Net
When people lack insurance, accidents, disasters, and death can bring financial devastation. And in the developing world, most people lack insurance. But a new IFC investment will help 11 million people obtain it in the coming years. When tragedy strikes, those in low- and middle-income groups often lose their earning power and face immediate hardship, […]
Investing in Growth
This morning, the London Stock Exchange hosted the Rt Hon Justine Greening MP, Secretary of State for International Development. The Secretary of State gave a speech focusing on how DFID’s investments can drive growth in new and emerging markets, and how this work can support businesses operating in these markets and enhance trade. Below is […]
From Micro-Leasing to Micro-Futures – In Search for New Financial Solutions for Smallholders
More than 500 million smallholders provide home and livelihood to more than 2 billion people. Many of them remain in dire poverty. One reason is the lack of access to financial services that would allow these farmers to manage their cash flow, get credit to invest in productivity increases, or manage risks through insurance. Providing […]
Investing In Growth -How DFID Works In New And Emerging Markets
This morning, the London Stock Exchange hosted the Rt Hon Justine Greening MP, Secretary of State for International Development. The Secretary of State gave a speech focusing on how DFID’s investments can drive growth in new and emerging markets, and how this work can support businesses operating in these markets and enhance trade. Below is […]
Making international supply chains work for smallholder farmers
Fairtrade Foundation In the wake of recent food scandals, the need to increase focus on building more transparent and accountable food supply chains has once again been in the spotlight. Seeking greater transparency between trading partners, from consumer to retailer to small farmer organisations will also be one of the themes under discussion at a […]
Creating Jobs through Youth entrepreneurship in Côte d’Ivoire
Côte d’Ivoire, like many countries all over the world, is facing the difficult issue of how to create jobs for the country’s young population. Already in 2008, Côte d’Ivoire had more than four million unemployed youth (the total population is estimated to be 21 million). At that time, the unemployment rate was 24.2% among 15-24 […]
Prioritising Africa – Introducing Microsoft 4Afrika
There is an African proverb that reads, “The best time to plant a tree is 20 years ago. The second best time is now.”We couldn’t agree more. Microsoft has been operating in Africa for 20 years, and today we have offices in 14 countries. As we look forward to our next 20 years, we wanted […]
Social Impact Bonds Help Investors Bridge Philanthropy and Business Goals
Long before doctor and entrepreneur Paul Polak began trying to revolutionize social investing — before he could even drive a car — he was planting the seeds for a movement he hopes will change the way some people do business. It was 1939, and Polak’s father was making a good living as a peasant farmer […]
Rethinking and Reframing Sustainable Sourcing – Creating Shared Value
Tomorrow – Tuesday 5th February (at 7pm UK) and on Thursday 7th February (2pm UK), I will be discussing the concept of shared value as part of a webinar with Dr Helen Crowley, Conservation & Ecosystem Services Specialist, PPR; and Liesl Truscott, Director Farm Engagement Textile Exchange. To register for the webinar, click here. We […]