28 March 2012

Promise and Progress ~ Monitor MIM on Africa...

Interesting to read Monitor's Inclusive Markets group report Promise and Progress: Market-Based Solutions to Poverty in Africa by Michael Kubzansky, Ansulie Cooper and Victoria Barbary which...
"...extends and deepens research into Market-based solutions (MBSs), culminating a 16-month Monitor study of MBSs in sub-Saharan Africa (SSA). This investigation is particularly important because the poverty challenge in SSA is enormous. Half a billion people in the subcontinent struggle to survive on less than $2 a day, and despite the volume of aid and philanthropy and the scale of development efforts, the number continues to rise. Despite the obstacles, MBSs are proliferating in Africa. The Monitor team identified 439 initiatives in nine SSA countries, active in 14 sectors and aiming at the $2-a-day segment. [...] Promise and Progress affirms the conclusion of Monitor’s research in India that, for MBSs to succeed, they must operate with business models suited to the extreme conditions of low-income markets."
Much more in the report!

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