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“Investing in successful African businesses will advance an expanding cycle of economic activity and development, which I believe will produce world-class multinational corporations – and long-term prosperity for Africa’s people – by the end of this century.” – Papa Madiaw Ndiaye Papa Madiaw Ndiaye is the Founding Partner and CEO of Advanced Finance & Investment [...]
As part of USAID’s Partnership Forum on The Strategic Value of Connecting Business and Development held October 20th, IGD co-sponsored the lunch event, at which Administrator Raj Shah gave the keynote address entitled “Embracing the Role of the Private Sector in Development.” The speech signaled that in the same way companies are making development part of their core [...]
Companies around the world are increasing their footprints in Africa to take advantage of expanding markets and high growth rates. In support of increased investment on the continent, Frontier 100 is broadening its membership and welcoming a new class of CEOs from South Asia to promote strategic south-south relationships. One of Frontier 100’s first Indian [...]
Africa has more than one-quarter of the world’s arable land, but generates only 10 percent of global agricultural output. The result of this discrepancy is an opportunity for a massive increase in agricultural production on the continent, which is needed to feed the world’s growing population. To date, however, insufficient investment has limited the development [...]
Business growth can be a powerful engine for development. Particularly in Sub-Saharan Africa, successful business expansion is improving living conditions and creating opportunities for low-income individuals. However, business growth does not automatically create positive, broad-based economic development. Executives must be proactive in finding ways to unlock long-term local development. Pioneers on the Frontier, Frontier 100’s [...]
A version of this post originally appeared in Africa’s Business Daily. Mark Tunmer is Group Chief Executive of Imara Holdings based in Botswana and a member of the Initiative for Global Development’s Frontier 100 network of African, South Asian, U.S. and European business executives working to increase investment and reduce poverty in Africa. As markets [...]
The Center for Global Development’s Todd Moss has proposed reorganizing U.S. development programs and consolidating the government’s tools to stimulate commercial activity in developing countries in a new U.S. Development Bank. It’s a good beginning to an important discussion. First, it emphasizes the importance of rethinking U.S. development agencies and strategies, in much the same [...]
