Agriculture will drive Africa’s rise to economic power
I was in Mali recently where I met a woman, Maimouna Coulibaly, who several years ago left her job in the United States and returned to her home country to start a seed company called Faso Kaba. She quickly and confidently ramped up production, from 100 tons per year to over 1,000. She is eager […]
Can Mobile Financial Services Bring an End To Poverty?
An estimated 2.5 billion adults do not have access to banks. Unsurprisingly, they are among the world’s most destitute: According to a report released by the World Bank and other development groups, about three out of four adults living on less than $2 a day, from farmers in Tanzania to slum-dwellers in India to seamstresses […]
Iran and China Signed Goods-for-Oil Trade Agreement: Mehr News
Iran receives goods, services as payment for 65% of oil it sells to China, which pays cash for remaining 35%, Mehr news agency reports, citing Asadullah Asgarolladi, head of Iran-China joint chamber of commerce. Continue reading at: Bloomberg Business
What Happens When Everyone Is a Chinese Stock Market Genius
A customer strolls into a bookstore, goes the popular Chinese joke, and tells the salesperson: “I’m looking for a book with no killers, but much bloodshed; with no love, but great regret; with no spies, but constant paranoia. Can you make a recommendation?” Just one, the salesperson replies: The State of the Chinese Stock Market. […]
Nigeria’s Renewed Hope for Democratic Development
When the Union Jack was lowered in Nigeria on October 1, 1960, the potential of Africa’s most populous nation seemed boundless—and that was before its abundant reserves of petroleum and natural gas were fully known. However, Nigeria has since underperformed in virtually every area. A massive fuel shortage, just days before the historic change in […]
African Economies to Grow 4.5% on Average in 2015
NAIROBI- Africa’s fitful and uneven economic growth will gain momentum this year and next, three prominent organizations said in a joint report released on Monday. Continue reading at: Wall Street Journal
Development in Private Sector Engagement in Developing Countries
This month marks the 70th anniversary of Victory in Europe Day—when Nazi Germany surrendered to the allied powers and World War II ended in Europe. This occasion is an important opportunity to reflect on how the postwar reconstruction plan shapes our current model of economic engagement with the developing world and to consider expanding the […]