Syndicate content

Innovation

Young innovators are turning Uganda into Wakanda

Tony Thompson's picture
Evelyn Namara, CEO of Vouch Digital, shares her entrepreneurship story during the World Bank Uganda Innovation Day Out, an event held to commemorate End Poverty Day. Vouch Digital provides digital vouchers for aid agencies. Photo: World Bank/Edgar Batte


Around the time Marvel’s Black Panther film was breaking box office records across the globe, I met with a high-ranking Ugandan official in Washington, D.C. In the middle of conversation, I asked what I needed to know as the new country manager for Uganda. He leaned over and said, “Uganda is Wakanda!”

Technology fair brings innovation to the heart of the 2018 Annual Meetings

Donna Barne's picture
© World Bank Group
© World Bank Group

The World Bank Group, the International Monetary Fund, and the Government of Indonesia jointly organized the first-ever Innovation Showcase to highlight advancements in health, education, and fintech during the 2018 Annual Meetings in Indonesia.

The Showcase featured innovators from around the world to demonstrate the powerful role that technology can play in spurring development, strengthening financial development and inclusion, and improving health and education outcomes.

High-level officials urge rapid scale-up of farmer-led irrigation at Africa Green Revolution Forum

Regassa Ensermu Namara's picture

Millions of small-scale farmers face significant challenges, including food and water insecurity, dependence on unpredictable rain, and increasing frequency of natural disasters. While a lot of progress has been made on sustainable agriculture, there is much work yet to be done to meet rising food and water demands in a resource finite world – in addition to improving the lives of small-scale farmers. Farmer-led irrigation offers opportunities for inclusive, sustainable, and positive change. However, urgent international commitment to and investments in farmer-led irrigation are required to tackle the water and food challenges of our time.

Applications open for third round of funding for collaborative data innovation projects

World Bank Data Team's picture
Photo Credit: The Crowd and The Cloud


The Global Partnership for Sustainable Development Data and the World Bank Development Data Group are pleased to announce that applications are now open for a third round of support for innovative collaborations for data production, dissemination, and use. This follows two previous rounds of funding awarded in 2017 and earlier in 2018.

This initiative is supported by the World Bank’s Trust Fund for Statistical Capacity Building (TFSCB) with financing from the United Kingdom’s Department for International Development (DFID), the Government of Korea and the Department of Foreign Affairs and Trade of Ireland.

Scaling local data and synergies with official statistics

The themes for this year’s call for proposals are scaling local data for impact, which aims to target innovations that have an established proof of concept which benefits local decision-making, and fostering synergies between the communities of non-official data and official statistics, which looks for collaborations that take advantage of the relative strengths and responsibilities of official (i.e. governmental) and non-official (e.g.,private sector, civil society, social enterprises and academia) actors in the data ecosystem.

Achieving Financial Inclusion: Fintech, account usage, and innovation

H.M. Queen Máxima's picture
Soahanginirina Razafindrahanta, a teller at a Baobab bank outlet counting out money for a customer in Antananarivo, Madagascar. © Nyani Quarmyne/International Finance Corporation
A teller at a Baobab bank outlet counting out money for a customer in Antananarivo, Madagascar. ©  Nyani Quarmyne/IFC

For almost a decade, the global community and national governments have made concerted efforts to expand financial inclusion—creating a financial system that works for all and opens the doors to greater stability and equitable progress.
 
This has been a demanding challenge. At the start of our engagement on financial access back in 2013, we said that having a real target with an end date would keep us focused and give us a benchmark against which we could measure progress.

Strengthening policy innovation for water use in agriculture

Lauren Nicole Core's picture

Experts from high-income countries and client countries came together last week during a joint World Bank-OECD workshop to discuss the shared goal of improving policy design and implementation for water use in agriculture. Although efficient use of water is becoming a central aim of agricultural practices, much work is yet to be done to meet steep water demands and curtail pollution from agricultural production.

Innovative agribusinesses could drive agriculture modernization in Sri Lanka

Andrew D. Goodland's picture

Agribusiness can help drive prosperity in Sri Lanka – and we know just the entrepreneurs to do it. Over the last few months, we have seen over 1000 proposals come pouring in for consideration under the matching grants scheme (MGS) for agribusiness.  Today, the Government will sign the grant documents with the first entrepreneurs to make the cut.



The winning proposals lay out a clear plan for commercial and export-oriented agriculture initiatives that facilitate private sector investment, provide technical assistance, strengthen farmer producer organizations and promote smallholder–agribusiness partnerships.
 
The goal is to increase their competiveness, business orientation and market position in order to make them more attractive business partners in the value chain. It’s an ambitious task, but Sri Lanka’s agri-entrepreneurs have risen to the challenge.
 
Matching grants scheme supports agribusiness
 
The matching grants scheme, implemented by Sri Lanka’s Ministry of Primary Industries comes under the Agriculture Sector Modernization Project. Supported by the World Bank, with additional funding from the European Union, the project is implemented through the Ministry of Primary Industries, the Ministry of Agriculture, and five participating provinces including the Northern, Eastern, Central, North-Central and Uva Provinces.
 
A rigorous and transparent selection process was used to create a shortlist. Successful applicants would be offered up to 50 percent of the investment required through the scheme, matched by their own funds or raised from commercial loans.  
 
These small enterprises need the boost. Today, beside a few major agriculture companies, most operators in Sri Lanka are small-scale cultivators who face problems related to low productivity and lack of diversification, absence of market linkages, non-availability of inputs and limited access to credit facilities. Farmers are not organised and tend to focus on low value crops that limit income generation.

The future of transport is here. Are you ready?

Stephen Muzira's picture
Photo: Max Talbot-Minkin/Flickr
Technology is transforming transport with a speed and scale that are hard to comprehend. The transport systems of tomorrow will be connected, data-driven, shared, on-demand, electric, and highly automated. Ideas are moving swiftly from conception, research and design, testbed to early adoption, and, finally, mass acceptance. And according to projections, the pace of innovation is only going to accelerate.

Autonomous cars are expected to comprise about 25% of the global market by 2040. Flying taxis are already tested in Dubai. Cargo drones will become more economical than motorcycle delivery by 2020. Three Hyperloop systems are expected by 2021. Maglev trains are already operating in Japan, South Korea, and China, and being constructed or planned in Europe, Asia, Australia, and the USA. Blockchain technology has already been used to streamline the procedures for shipping exports, reducing the processing and handling times for key documents, increasing efficiency and reliability,

Imagination Meets Innovation

Cyril Muller's picture

In 2005, Wayne Fromm, a Canadian inventor, filed for US patent # 7,684,694. Today, Fromm’s invention is known around the globe as a ‘selfie stick.’  Although this invention is now synonymous with cellphones, it had its film debut nearly fifty years ago, as a prop in a 1969  sci-fi film called “I killed Einstein, Gentlemen.”

In this case, it took almost five decades for technology to finally meet people’s imagination. In the same 1960s, expectations were that flying cars would be the norm by 2000. In 2000, these expectations had not materialized and flying cars seemed again the domain of science-fiction. Yet, today they are becoming reality.
 

In Senegal, a call to invest in people and the planet

Jim Yong Kim's picture


For three days this month, the West African nation of Senegal was in the spotlight of global efforts to combat climate change and improve education in a rapidly changing world.

French President Emmanuel Macron and Senegal’s President Macky Sall co-hosted a conference in Dakar to replenish the Global Partnership for Education (GPE) – a funding platform to help low-income countries increase the number of children who are both in school and learning.

African leaders and partners stepped up to announce their commitment to provide an education that prepares children to compete in the economy of the future and advances socio-economic progress.

Heads of state from across the continent described their challenges—including terrorism, insecurity, the influx of refugee children who need an education, the strain on national budgets, and the cultural bias against educating girls.


Pages