Almost 80 percent of all business in Uganda are SMEs. The bad news: most of them "do not live past their first anniversary."
[In Algeria] public-sector managers who leave their posts for jobs in the private sector will be liable to severe penalties, including prison terms of six months to a year and fines of up to AD500,000 (US $6,900), according to a presidential decree published in the official gazette on March 13th. The decree states that managers in state-owned enterprises wanting to work in the private sector must first spend two years unemployed.
William Easterly writes in an op-ed for the Wall Street Journal (subscription required):
Economists involved in Africa then and now undervalued free markets, instead coming up with one of the worst ideas ever: state direction by the states least able to direct.
The brand new report The Next 4 Billion: Market Size and Business Strategy at the Base of the Pyramid quantifies the BOP market for water—3.96 billion people paying an estimated $20 billion annually.
This market is strongly segmented with the poorest - annual income below $1500 - footing over 50 percent of the BOP water bill in Burkina Faso, Cote d’Ivoire, Nigeria, Pakistan, Tajikistan and Uganda. In Nigeria, 22 million of lowest-income households spend $444 million.
With Africa loosing an estimated $150 billion per year through corruption, the 5th Global Forum on Fighting Corruption and Safeguarding Integrity, held in South Africa between April 2 and 5, should have its work cut out. We'll be watching.
When the Maasai husband of Tanzanian veterinarian Dr. Victoria Kusiyumbe died, he did something extraordinary: he left her a cow named Sero.
If the cost of transmitting $250 billion of remittances each year is cut by say 5 percentage points, users will gain by $12.5 billion. This is equivalent to the World Bank's annual IDA funding to low-income countries.
"Trade not aid" is the slogan of Edun LIVE, a clothing line created by Bono and his wife. Last month, Edun LIVE and the Farmer School of Business at Miami University in Ohio came together to form "Edun LIVE on campus." This project links T-shirt manufactures in Sub-Saharan Africa with universities nationwide willing to engage in an effort to substitute traditional aid to Africa with employment creation.