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Business Monthly

Yes, Microlending significantly reduces extreme poverty

Currently, 836 million people – or 12% of the world’s population – experience extreme poverty, living off less than US$1.25 a day. Using data from 106 developing countries from between 1998 and 2013 to examine the efficacy of microlending as a poverty-reduction tool, I found that just a 10% increase in the gross microfinance loan portfolio per client could cut ...

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Is South Africa’s AnC bent on radical policies? here’s why the answer is no

The point seems to have been for- gotten in reporting on a resolution on land expropriation passed at the December conference of South Africa’s governing party, the African National Congress. Media announced that the party endorsed changing the constitution to allow the government to expropriate land with- out compensation. This, with a resolution calling for the “nationalisation” of the South ...

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The iPhone turns 10 – and it’s isolated us, not united us

For years, mobile phones weren’t much to look at. The screens were small, and users needed to press the same key  several times to type a single letter in a text. Then, 10 years ago – on June 29, 2007 Apple released the first iPhone. “Every  once  in  a  while,  a revolutionary product comes along that changes everything,” former Apple, Inc. ...

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Calestous Juma: a life dedicated to finding answers to Africa’s challenges

Both Kenya’s President Uhuru Kenyatta and opposition leader Raila Odinga paid tribute to him shortly after his death on December 15. Odinga commented: As a country, we are all better off because we produced Prof Juma. Juma started his professional career as a teacher before becoming a journalist and then researcher at Nairobi’s Environment Liaison Centre. After completing a doctorate ...

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Volunteer tourism: what’s wrong with it and how it can be changed

Voluntourists’ ability to change sys- tems, alleviate poverty or provide support for vulnerable children is limited. They simply don’t have the skills. And they can inadvertently perpetu- ate patronising and unhelpful ideas about the places they visit. The trend of voluntourism has come about partly through initiatives by large- scale, well established organisations such as UNICEF, Save the Children, CARE ...

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