Word: africa
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...apartheid era, political violence in South Africa was invariably seen in black and white. But in the wave of anti-immigrant carnage that swept the country in late May, all 62 of those killed were black. So were the tens of thousands who lost their homes. And the mobs that beat, raped, robbed and burned victims alive. The hatred and violence that has shaken a country that optimistically proclaims itself the Rainbow Nation was not about racism - it was a symptom of globalization...
...recent incidents of xenophobia in South Africa not only reveal the brutality of some criminals, they also show the government's difficulties in fighting poverty. Although South Africa's economy has been growing steadily, people in the townships have not really benefited from the economic boom. Adrian Lobe, Stuttgart, Germany...
...operating in the most profitable countries. According to CGAP, 75% of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets--the low-hanging fruit. That could leave out the poorest of the world's poor, who are predominantly in Asia and Africa. Says Alex Counts, CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions: "You might need to invent the microfinance industry all over again...
...might not be so bad if it allows more of the poor to get access to credit. Let multinational corporations take the top microfinance institutions to the next level, and leave the bottom of the pyramid to development groups and regional banks. That's what Ecobank is doing in Africa. The Togo-based company, with operations in 22 countries, has for years acted as a banker to microfinance groups, taking deposits and writing loans. Over that time, Ecobank has grown hip to the business model and last year launched a microfinance institution of its own, in Nigeria and then...
...weeks ago a group of Harvard students from all corners of the globe, and with expertise ranging from economics to engineering, won the World Bank’s Lighting Africa 2008 competition. Their invention of a microbial fuel cell-based lighting system literally creates energy from dirt. The device is intended to provide a reliable and safe means of illumination in a country where roughly only 1/4 of the population has access to electricity...