Economic Development

Economic Development Strategies to Combat Global Poverty

Roughly 600 million people in Africa lack access to electricity. Off-grid energy solutions, such as solar home systems and mini-grids, are the most efficient way to provide energy to over half of these people. Although the impact of providing energy access on people’s lives – including through off-grid solutions – may seem obvious, it’s important to better understand and quantify exactly what this means. Because it’s through this detailed understanding of impact that we can become better investors.
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The world is facing a series of difficult problems right now, from climate change to societal and economic challenges. It’s imperative that we solve these issues as a matter of urgency. Rising to meet these challenges means adopting a practical approach. It requires shifting our perspective, and redefining what success looks like.​
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Part III of this series describes how N-Frnds has created a hybrid network of Pre-sellers serving multiple FMCG and corporate partners, enabling them to profitably serve last-mile outlets while also empowering these micro-retailers with access to finance to expand their sales and become more viable businesses, creating a win-win situation for all.
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With 10 years to go, we need bold, collaborative action to deliver the Sustainable Development Goals (SDGs), the internationally-agreed 2030 targets for people and planet. In his call to action, the UN Secretary-General argues for the mobilisation of partnerships “like never before”, with an appeal to “innovators and disruptors in the private sector to embrace new business models that match the demands of the 2030 Agenda”.
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Long live collaboration. This podcast hears from Paul Skinner, award winning marketeer, leadership coach and author of: ‘Collaborative Advantage: How collaboration beats competition as a strategy for success.
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As you’re no doubt aware, the World Economic Forum’s Annual Meeting took place last month. And while deep snow was noticeably absent (reinforcing the environmental dangers presented by the sizeable delegation from Extinction Rebellion (XR) this year), the audience of elite senior executives from around the world remained the same.​
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To mark the beginning of the “Decade of Delivery and Action”, James Gomme focuses on a list of “Top 10” tips that business can apply toward more robust action and substantial long-term progress.
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Last week’s UK-Africa Investment Summit brought together a wealth of businesses, governments and international institutions to showcase and promote the breadth and quality of investment opportunities across Africa.​ Read reflections from CDC Group CEO, Nick O’Donohoe
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Join us for a live written discussion with a panel of experts to discuss how businesses can measure, manage and get the most from their social impact. Live Panel taking place on Thursday, 27 February, 10-11am EST (3pm-4pm GMT)
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In the build up towards Business Fights Poverty’s first Online Discussion of 2020, which focuses on Impact Measurement, learn more about the topic in this interview brought to you by Business Fights Poverty Content Partners iBAN and Business Call to Action.
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Genuine ‘stakeholder capitalism’ must be fundamentally more than a shiny new logo upon swish marketing strategy with some philanthropy thrown in​
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Venture capital (VC) is a relatively new asset class but is already having a transformative impact on large sections of the global economy.
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Professor Colin Mayer CBE has devoted his life, learning and career to the role of business in society – from governance and taxation to responsible and ethical business decision making. 
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Food entrepreneurship is a growing area of livelihood creation that has gained traction as countries search for ways to address the refugee crisis. We provide recommendations for how the business community can provide support to refugee food entrepreneurs.
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It is remarkable how the agenda in this 50th edition of the World Economic Forum (WEF) Annual Meeting has shifted towards calling for a move to stakeholder capitalism, as issued by Klaus Schwab in the new Davos Manifesto. The theme of the 2020 forum itself is: “Stakeholders for a Cohesive and Sustainable World”.
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The Danish Red Cross, Grassroots Economics Foundation, and partners will collaborate to develop a new global platform for blockchain-based community currencies to boost cash transfer aid and help cash-poor regions grow their own economies, thanks to a grant from Innovation Norway matched by private sector. 
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Beneficial household products such as solar lights, improved cookstoves, water purifiers, nutritional supplements and agricultural inputs can play a significant role in achieving the Sustainable Development Goals. But these products can’t make an impact if they don’t reach the last mile customers who could benefit from them.
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Activist innovators and intrapreneurs’ inspiration, thought leader and all-round cheerleader is our podcast interviewee this week – Maggie De Pree.
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While the social impact and business agenda is shaping up for 2020, we first wanted to share the most popular stories we published in 2019 with you. A huge thank you to the authors featured in this list and to all of you who made contributions. We hope these stories inspire you and welcome your submissions this year*.
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What do we mean by "Economic Development"?

Explore how economic growth can significantly reduce poverty through innovative business initiatives and strategic planning. Join us in making a difference.

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