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There is real reason for excitement. Much to the surprise of technology analysts, Africa is the fastest-growing mobile phone market on the planet and Safaricom has profited handsomely by catering to customers who don't have a lot to spend. In 2007, the company's pre-tax profit was $370 million, making it what was believed to be the most successful company in the continent outside South Africa. The more stunning figure is its subscriber base - which grew from less than 20,000 in 2000 to about 10 million today, upending the conventional wisdom that sub-Saharan Africans, especially...

Author: /time Magazine | Title: Kenya's Mobile Gold Mine | 4/2/2008 | See Source »

...property taxes and $630,000 in revenue from traffic tickets - plus additional grants from Rome and Brussels - the town has offered financial incentives and improved infrastructure to attract private businesses. The mayor's program lured the town's first local bank and four-star hotel, promoted the uncovering of pre-Roman archaeological treasures, and led to the establishment of scuba and sailing schools. Thanks to local efforts, Amendolara has managed to renovate the historic city center, open a state-of-the-art physiotherapy center, and step up environmental efforts like recycling...

Author: /time Magazine | Title: Italian Elections: All Is Not Lost | 4/2/2008 | See Source »

...then kicked through a window of the police cruiser. At the police station, he kicked a “Miranda Warning” poster off the wall. HUPD confiscated a fake Michigan driver’s license. During his last hearing at the Cambridge District Court, Wu was denied pre-trial probation. Wu’s friends said that the incident did not reflect Wu’s normal behavior, “We didn’t believe what happened the first time we heard it because Kai is such a very easy-going, fun person to be around...

Author: By Nan Ni, CRIMSON STAFF WRITER | Title: Student’s Assault Trial Delayed | 4/2/2008 | See Source »

...thank the guests for their loyalty to the hotel, Lebua plans to spend $300,000 for the meal. Accustomed though they may be to showy p.r. stunts, social activists are nonetheless up in arms over this particular act of epic extravagance. The reason? The banquet comes with a pre-dinner commitment to what the Lebua's p.r. mavens have dubbed "emotional tourism." Hours before digging into truffles and foie gras, the 50 diners will fly by private jet to a village in central Thailand to see how impoverished Thais manage to get by without regular infusions of Brittany lobster...

Author: /time Magazine | Title: The $300,000 Dinner | 4/1/2008 | See Source »

...observers and media will greatly reduce the possibility of election manipulation and bolster the credibility of the results. The world must do its part in assisting an infant democracy in its transition.However the responsibility of bringing about a peaceful transition rests with the political forces in Nepal. While the pre-election campaigning has been peaceful in most districts, the UN mission in Nepal has reported a surge in clashes between opposition groups. The clashes are expected to rise in the upcoming days. If any of the losing major political parties adopts a bad loser face and refuses to accept...

Author: By Samad Khurram | Title: The Future for Nepal | 3/31/2008 | See Source »

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