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In Africa, Do What Works

By Joshua Weissburg | Fri Nov 27 2009
What a refreshing piece from the New York Times columnist (and longtime development aid advocate) Nicholas Kristof in last Sunday's Times. His insightful take on the much-debated value of development aid titled simply How Can We Help the World's Poor, was right on the money. Kristof advises that we take note of but look past the headline-grabbing debates between the various camps promoting or excoriating aid as a giant waste of time.
Look, says Kristof, to the projects that
being rigorously evaluated, some of which actually produce measurable results for the poor. And guess what? Many of these turn out to be businesses:
I was recently in Liberia, a fragile African democracy struggling to rebuild. It is chock-full of aid groups rushing around in white S.U.V.’s doing wonderful work. But it also needs factories to employ people, build skills and pay salaries and taxes."
Through our online Marketplace, RENEW is working to provide a forum for these entrepreneurs to tell the story of the impact they have had and the impact they hope to achieve.
Take a look and tell us what you think.
Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential. Renew Capital manages investments made on behalf of the Renew Capital Angels, a global network of angel investors, foundations and family offices who seek financial returns and sustainable social impact. For the latest on investing in Africa, subscribe and follow us at our social links below.

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