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Ghana’s president surprised Macron with a clear rejection of development aid
After the AU-EU summit in Abidjan, French President Emmanuel Macron visited several African states, including Ghana. But contrary to other African heads of state, Ghana’s President Nana Addo Dankwa Akufo-Addo has a clear vision of how to make his country independent from development aid.
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- Sub-Saharan Africa
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Up and Away from Colonial Welfare: Social Entrepreneur “Mou” Khan’s 21st Century Micro NGO
FCAB was founded by the late Abdul Majid Khan, a Bangladeshi-American engineer who left his homeland in 1976 to pursue graduate studies at the University of Michigan School of Engineering. A father of four who co-founded Ann Arbor’s first mosque, Mr. Khan died in an automobile accident shortly after filing FCAB’s legal paperwork for a tax-exempt non-profit status with the United States Internal Revenue Service and with plans to incorporate as an aid organization in Bangladesh.
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- South Asia
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Amazon launches special store for women entrepreneurs
American online retailer Amazon has launched a new program -- Amazon Saheli --aimed at empowering and enabling women entrepreneurs across the country to sell their products on the its marketplace.
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- South Asia
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The Millennial Employment Gap: Three Lessons Learned Supporting Young Entrepreneurs
Across Latin America, about 20 million young people are neither studying nor working. Helping them find economic opportunities is one of the region's top challenges - and entrepreneurship can help, since businesses with five employees or fewer generate 60 percent of the region’s jobs. TechnoServe discusses three effective approaches for supporting young entrepreneurs, learned through its Crece Tu Empresa (Build Your Business) program.
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Press release: MetLife Foundation & Verb Launch Competition To Accelerate Financial Innovation In Bangladesh
The Bangladesh competition will attract participants that have innovative ideas or solutions to empower the over 75 million Bangladeshis that manage their day-to-day financial lives without a bank account. MetLife associates will serve as mentors and judges for the competition, contributing hundreds of volunteer hours.
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- South Asia
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The company that turned African telcos into insurance brokers
In the early 2000s, UK-born Richard Leftley spent two weeks doing voluntary work in Kitwe, northern Zambia. During his stay, he met a woman who described her life as “a game of snakes and ladders” – no matter how hard she worked to get herself out of poverty, she kept finding herself right back where she started every time life rolled the dice against her.
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- Sub-Saharan Africa
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Beyond the Beach: Exploring Partnerships for Sustainable Tourism
According to the United Nations World Tourism Organization, tourism provides one in 10 jobs globally, and even more in developing countries. In the Caribbean, for instance, it directly or indirectly creates nearly one in every five jobs. The Conference on Jobs & Inclusive Growth: Partnerships for Sustainable Tourism will explore how tourism can "create good jobs, provide opportunities for inclusion and education, and assist in preserving cultural heritage and the environment." NextBillion will be a media partner at the event.
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Indonesia: IFC proposes to provide up to $50m debt to microfinance institution MBK
The funding is expected to support the growth of the company’s microfinance portfolio, mainly targeting underserved rural women borrowers
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- Asia Pacific
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- microfinance