Stories: Economy

  • Finding a Business Solution to Tanzania’s Agriculture Problem

    In center of this East African nation, two organizations are working with poor farmers to prove that business, rather than traditional aid, is the key to making sustainable gains out of poverty. The idea is a popular one in the development community, and seemingly obvious, but moving from concept to reality has it challenges. The government of Tanzania and...

  • Simple Innovations Revolutionize Farming in Tanzania

    Zanzibar is a small island about 20 miles off the Tanzanian mainland in East Africa. Nestled in the Indian Ocean, this semi-autonomous tropical nation, known as “Spice Island” is home to close to a million inhabitants. Though the African and Arab hybrid population relies heavily on the fishing industry, over 75% of Zanzibari’s are sustenance farmers. Tourism has...

  • Nigeria’s Banks Felt the Financial-Crisis Shock Waves

    Oct. 17, 2008: A drop in oil prices forces major cutbacks in Nigeria Days after Lehman Brothers filed for bankruptcy, Nigerian banker Mohammed Garuba gathered his business partners in an office in Lagos to figure out how to save their new investment banking firm, CardinalStone Partners. “We were confused, we were scared,” he recalls. “We were supposed to...

  • Astana: A City Built for Giants

    Astana simply means “capital.” In 1997, the recently-independent country of Kazakhstan moved its government here. Flush with new oil wealth, Kazakhstan has built an EPCOT city of sorts on the empty Central Asian steppe. With a jumble of international styles and knock-offs of historic buildings, the city embodies the aspirations of a post-Soviet people searching for a new...

  • Astana: A City Built for Giants

    Astana simply means “capital.” In 1997, the recently-independent country of Kazakhstan moved its government here. Flush with new oil wealth, Kazakhstan has built an EPCOT city of sorts on the empty Central Asian steppe. With a jumble of international styles and knock-offs of historic buildings, the city embodies the aspirations of a post-Soviet people searching for a new...

  • Castles in the Steppe: Who Benefits from Kazakhstan’s Gleaming New Buildings?

    As the government of Kazakhstan continues to pour money into development of its capital, Astana, in preparation for the 2017 Expo, or world's fair, concerns remain about whether the lavish city is a valuable investment in Kazakhstan's future--or simply a very expensive pet project for the president of a country plagued by social and environmental crises.   According...

  • Young Zambian Women and Their Fight Against HIV/AIDS

    Africa, I’m sure you know, is an expansive continent, but did you know it is filled with 1.3 billion youths between the ages of 15 – 24? Experts have called the growing number of youths in Africa the “youth bulge” and everyone from multinational companies to governments are taking notice. Many positive stories are emerging from the continent...

  • Haiti’s Poor Majority Pushed to the Margins

    ‘Now is the time to seize opportunities in Haiti, a nation which can provide “incredible value” to other countries as well as to itself, especially by virtue of its private sector,’ says an article I just read on actor Sean Penn meeting with World Bank officials. Another article, this time in the Guardian...

  • Celebrating 100 Years of Collective Struggle Under an Organized Labour: May Day in Nasarawa

    "Let me start the speech with the observation by some people that the May Day celebration is a mere ritual where workers gather to lament over their conditions. Whoever thinks this way is sure far from being correct. We do not merely grieve over our misery on a day like this. We celebrate our successes as workers in spite of...

  • Nawaz Sharif’s Return to Power Brings Pakistan’s Challenges in Focus

    *This story was updated May 13, 2013 In 1999, Nawaz Sharif was overthrown in a military coup. His vanquisher, General Pervez Musharraf, was broadly welcomed in Pakistan, and later, by the international community. Sharif was first thrown in jail, and later dispatched into exile for seven years. In his absence, some claimed that Sharif’s party — and his political...