What promises the excitement of gambling without the adverse social consequences? For a growing number of Kenyans it's the Nairobi Stock Exchange (NSE).
The aid community has undergone sweeping changes since the 1960s when the number of donors per recipient country averaged at 12. Today this figure is 33 and the number of organizations exceeds 230.
Banks and microfinance institutions have been applying new technologies to increase lending volume, reduce costs and reach new customers. Seeking ways to further improve efficiency IFC, CGAP and Visa International will bring lenders and borrowers from over 40 countries to Washington, DC from September 17th to 19th.
Development agencies have long accepted the need to prioritize medical aid to the sick, but Jonathan Legard, Africa correspondent for the Economist, argues it is high time that business expertise should also be available on call to boost local economies.
The September issue of Harvard Business Review reminds companies why not to treat microcredit as a foolproof poverty solution:
A new paper links low-income levels with incidence of malaria – an illness that claims over one million lives annually, 90 percent of which occur in sub-Saharan Africa.