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Unicorns vs. Camels: Three Lessons for Building Resilient Businesses – Despite the COVID-19 Crisis
As COVID-19 continues to transform the global economy, many businesses are shifting towards safety and longer-term thinking. But as Alex Lazarow at Cathay Innovation points out, many social entrepreneurs have been building sustainability and resilience into their business models from day one. He contrasts the approach of these "camels" to the growth-at-all-costs model common among "unicorns."
- Categories
- Coronavirus, Social Enterprise
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Why the George Floyd Protests Won’t Change the World – Unless They Change White People
The George Floyd protests have sparked calls for solidarity – from the business sector and individuals and governments around the world. But NextBillion editor James Militzer argues that it’s easy to issue a supportive statement or make a modest CSR commitment to diversity – but it’s a lot harder for those with power and money to make the sacrifices necessary for lasting change.
- Categories
- Social Enterprise
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From Student to Entrepreneur: 18 Tips for Starting a Career in Social Impact
Each year, hundreds (if not thousands) of engaged students eagerly learn the art of social change. But does a career in social impact really begin in the classroom, or out in the “real world?” Long-term social entrepreneur Ken Banks shares a few of the lessons he has learned in practice, which could help students and others start their careers in social innovation.
- Categories
- Social Enterprise
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Four Lessons Utility Providers Can Learn from the Financial Inclusion Sector
Over 1 billion people lack reliable access to essential services like sanitation, potable water and electricity - and reaching them remains a stubborn challenge. But as Jacob Winiecki and Malika Anand at BFA point out, the financial inclusion industry has learned a lot about how to serve low-income customers in remote communities. They share four key lessons in this thought-provoking article.
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Weathering a Perfect Storm – Part 2: Seven Ways Fintechs Can Survive the COVID-19 Pandemic
The COVID-19 pandemic has brought unprecedented challenges to the financial services industry – particularly in emerging markets. In the second article of this two-part series, analysts at MSC explore seven key measures fintechs are taking to stay relevant, augment their recovery and build their resilience during the crisis.
- Categories
- Coronavirus, Finance, Technology
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Weathering a Perfect Storm – Part 1: The Challenges Facing Fintechs in Emerging Markets During COVID-19
Fintechs have proven their potential to deliver financial services to low- and middle-income customers in emerging markets. But even the most innovative approaches can fail in an economy devastated by COVID-19. In this article – the first in a two-part series – analysts at MSC explore the challenges and opportunities the pandemic brings to the fintech sector.
- Categories
- Coronavirus, Finance, Technology
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Risk vs. Resilience: Insuring Sustainable African Cities in the Age of Climate Change
Though COVID-19 dominates the global conversation, climate change continues to have devastating effects. For instance, there were 53 climate-related disasters in Africa in 2018 alone – and these challenges are likely to get worse as the continent urbanizes. Kate Rinehart-Smit and Mia Thom at Cenfri suggest four interventions that can help insurers protect African cities and infrastructure against climate disasters.
- Categories
- Environment, Finance
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A Digital Approach to Reducing Educational Inequality in Africa – During and After COVID-19
As COVID-19 spreads through sub-Saharan Africa, its long-term impact on children's education is becoming clear, as over 253 million students are not in school due to closures caused by the crisis. Wambura Kimunyu at Eneza discusses the company's innovative platform, which provides educational content via SMS texts – and how it's working to expand access to the platform in response to the pandemic.
- Categories
- Education, Technology
