Summary of Event: This year’s summit is themed “Generation 2030: Learning & Earning in a Changing World of Work.” The agenda revolves around four tracks: Building a Foundation, Ready for the Global Workforce, Livelihoods Through Self-employment and Global Context Matters. Topics will include behavioral skills; work-based learning; “youth-led social
“SMEs and SDGs: Supporting Small and Medium Enterprises to Achieve the Sustainable Development Goals,” by Maria Teresa Zappia and Lisa Sherk, published by BlueOrchard, November 2017, 28 pages, available at http://www.blueorchard.com/smes-sdgs-supporting-small-medium-enterprises-achieve-sustainable-development-goals-insights-blueorchard-survey/
In this report, the authors explore how improving the business climate for small and medium-sized enterprises (SMEs), may help achieve many of the UN’s Sustainable Development Goals (SDGs), 17 guiding principles intended to help combat poverty, protect the environment, and encourage economic and political stability.
Ms Zappia and Ms Sherk surveyed financial institutions that lend to SMEs in the Caucasus, Central and South America, East Asia and
Somalia’s Kaah International Microfinance Services (KIMS) recently won the USD 100,000 Ethical Finance Innovation Challenge and Award (EFICA), part of a group of awards sponsored annually by Thomson Reuters, a media firm traded on the New York and Toronto stock exchanges, and Abu Dhabi Islamic Bank, which is based in the United Arab Emirates.
KIMS was recognized for two products it offers in the city of Kismayo, a “start-up micro-credit product for youth returnees…coupled with financial literacy and business training” and “growth financing for fisheries
At European Microfinance Week on Thursday, Ken Lohento of the Netherlands-based Technical Center for Agricultural and Rural Cooperation described successes engaging youth in agriculture through technology, even those with limited literacy. This can take the form of business tools to track spending or marketing as well as apps that help with pest management, for example. Even older “feature phones” can be used to receive information on markets and tips to optimize production. Among other efforts, Mr Lohento cited Agribusiness TV, which provides mobile-optimized video examples of youth profiting from agriculture, and a service in Senegal that connects owners of underused land with young people looking for acreage to till.
Dr Jonathan Agwe of the UN’s International Fund for Agricultural Development (IFAD) stated that youth rarely are motivated to engage in the planting and weeding of primary agriculture. “Certain elements of the value chain are more interesting to youth than others,” he said. Youth are more interested in secondary activities that are less labor-intensive, such as using machinery to process crops or vehicles to get products to market. Dr Agwe suggests first “locating a market that is paying premium prices” and then
The government of Somalia recently created
At the SAM (Semaine Africaine de la Microfinance) plenary on “Public Solutions to Promote Entrepreneurship in Africa,” Kennedy Komba of the Alliance for Financial Inclusion (AFI) explained that his institution’s SME (Small and Medium-sized Enterprise) Working Group comprises 53 regulatory and policy-making bodies. To facilitate the growth of entrepreneurship, these agencies have created collateral registries, adjusted lender liquidity ratios, updated know-your-customer frameworks and established rules for digital financial services. Trainers in Zambia used a financial education game to reach 5,000 people, of whom 80 percent were able to improve their businesses as a result. In Ghana, the Ministry of Agriculture and the Bank of Ghana collaborated to boost local value chains in an effort to reduce costly
MicroCapital: The Mastercard Foundation is organizing a session at SAM (Semaine Africaine de la Microfinance) on “Envisioning agriculture as a business for youth in Africa.” What tools do youth need to be successful in agriculture?
Ann Miles: Learning and training is critical for youth to succeed in whatever they undertake, so we offer scholarships for talented but underprivileged youth to obtain secondary and university education. Once they graduate, we assist young people in finding work in agriculture; accessing finance or training for entrepreneurship; or developing the “soft skills” necessary to succeed in any job, such as networking, communication, or demonstrating reliability and resourcefulness.
Studies consistently have shown that
Event Name: Making Finance Work for Women Summit
Event Date: October 24 – October 25, 2017
Event Location: The Kilimanjaro Hotel, Dar es Salaam, Tanzania
Summary of Event: The theme of this year’s biennial summit is “Digital Financial Inclusion.” Sessions will include topics such as “the state of digital financial services”, how policymakers
Event Name: Global Youth Economic Opportunities Summit 2017
Event Date: September 27 – September 29, 2017
Event Location: Marriott Crystal Gateway, Arlington, Virginia, USA
Cost: The fee to attend is USD 895 with a discount of USD 100 offered until July 14. A rate of USD 495 is offered to participants traveling from developing countries and for all attendees under age 30.
Summary of Event: The theme of this year’s event is “The Future of Work: Youth Economic Opportunity in a Changing World,” and it will address issues such as the diminishing role of
Asian University for Women (AUW), which was created in 2008 in Chittagong, Bangladesh, is in the process of bringing on additional partners through which it will recruit bachelor’s degree candidates from low-income regions of Asia and the Middle East. The mission of AUW is to offer talented young women from families with minimal educational and financial resources the opportunity to earn an undergraduate
The Central Bank of Jordan recently announced a strategy to increase financial inclusion in the country during the years 2018 through 2020. The document calls for increased financial education, client protection and
Tigo Tanzania, a brand of Swedish telecom provider Millicom, recently announced that it will expand its partnership with the United Nations Children’s Fund (UNICEF) and the government of Tanzania’s Registration, Insolvency and Trusteeship Agency (RITA) to register and provide birth certificates to an estimated 200,000 children under the age of five in the Iringa and Njombe regions.
Event Name: Aflatoun International Meeting 2016: Social and Financial Education Contributing to the Sustainable Development Goals (SDGs)
Event Date: November 2 – November 4, 2016
Event Location: World Trade Center, Prinses Beatrixlaan 582, The Hague, the Netherlands
Fabretto, an educational NGO in Nicaragua, recently received grants from two entities managed by the US-based Inter-American Development Bank Group: (1) USD 1 million from the Japan Special Fund for Poverty Reduction (JPO), which is funded the government of Japan and; (2) USD 800,000 from the Multilateral Investment Fund (MIF), which assists organizations in Latin America and the Caribbean.
The Philippine Department of Education (DepEd) recently announced that financial literacy training will be included in the curriculum of senior high school students.
The Livelihoods and Food Security Trust Fund, a Myanmar-based multi-donor trust fund, recently has donated a three-year USD 4.5 million grant to three organizations affiliated with US-based NGO World Vision, to aid approximately 100,000 people in gaining improved access to financial services.
On Friday, during the final day of European Microfinance Week, Ata Cisse of the UN Capital Development Fund (UNCDF) explained how that organization’s YouthStart program, which was launched in 2010 in partnership with The MasterCard Foundation of Canada, facilitated microfinance institutions (MFIs) in Africa collecting deposits equivalent to USD 16 million through 2014 from 600,000 youth, roughly evenly divided between young men and women.