When COVID-19 hit, remote work skyrocketed allowing many professionals to work wherever they wanted to, leading to a new type of traveler: the digital nomad, “people who embrace a location-independent, technology-enabled lifestyle.” The main demographic of digital nomads are self-employed, well-educated young men working in the fields of technology, education and training, sales, market […]
Tanzanian-born Benjamin Fernandes sought to improve the remittance economy with Nala – a pioneering consumer payment platform. Utilizing USSD technology found in feature phones, NALA does not require internet connectivity for access and its design aims to reduce user data costs. NALA is the first East African company to receive acceptance into Y-Combinator and, in […]
HIV prevalence in Tanzania accounted for 4.8% among people aged 15-49 in 2019. HIV/AIDS’s consequences in a developing country can be devastating, leading to more deaths, slowed economic growth and further misery. HIV and poverty share a critical connection, both acting as the cause and the outcome of one another. The virus poses a more […]
Since Zimbabwe’s independence in 1980, USAID has provided the country with over $3.2 billion in developmental assistance. USAID programs in Zimbabwe have focused on building the country’s health infrastructure, strengthening democratic processes and boosting economic growth. With alarming rates of HIV/AIDS, alongside hindered economic development over the past 30 years, USAID programs like Feed the […]
As the world’s digital economy expands at an exponential rate, it continues to be a vital component in raising the world’s impoverished nations and people out of poverty. By the end of the decade, 70% of new value in the global economy will transpire from digitally-enabled businesses. There is a great opportunity for impoverished and […]
The final game of the FIFA World Cup 2022 in Qatar took place on December 18, 2022, but it is still a trending topic. A nation that hosts a major sporting event not only gets to host the tournament but also can garner economic benefits. In general, such a great event requires long-term investments, which […]
The United States and European Union lifted aid-focused sanctions in the past year on Burundi. After six years, the U.S. removed trade sanctions on the African country in 2021, and as of Dec. 12, 2022, the EU also lifted sanctions. Enacted during Burundi’s political crisis, the sanctions perpetuated poverty levels in the country, according to […]
Since the beginning of the war in Ukraine in February 2022, poverty has increased with 25% of Ukrainians now living in poverty. According to a recent study by the World Health Organization and Ukraine’s Ministry of Health in 2022, 22% of people could not obtain the medication they need. About 7% of the country’s existing […]
An NGO based in South Africa, Spiritual Chords, is supplying bamboo houses in Pakistan that can withstand natural disasters as the previous architecture was vulnerable to destruction from flooding and earthquakes. In terms of climate vulnerability, in 2019, the Inform Risk Index ranked Pakistan 18 out of 191 countries, equating to a very high disaster […]
Sir Christopher Hohn is a well-known hedge fund manager and founder of TCI Management Fund. However, he is also one of the most prominent philanthropists in the world, establishing the Children’s Investment Fund Foundation which is dedicated to alleviating child poverty worldwide. Hohn’s net worth as of 2022 sits at $8.21 billion, the majority of […]
