All Entries Tagged With: "africa"
New Promotions for Sohm, Inc. (PINK:SHMN) Aim to Capitalize on Positive News
Projected revenue growth of 200% for 2011 brought about a massive surge of Sohm, Inc. (PINK:SHMN) on the market yesterday.
Pending Acquisition Sets the Share Price for Lion Energy Corporation (CVE:LEO) (PINK:LEGYF)
Lion Energy Corporation ( CVE:LEO ) (PINK:LEGYF) became yet another target for profit scalpers since the company is about to be acquired by Africa Oil Corp.
Memorandum of Understanding Pushes Blue Sphere Corp. (OTC:BLSP) Further Up
Volatility describes best the performance of Blue Sphere Corp. ( OTC:BLSP ) shares on the stock market. Yet, the new year obviously sparkled optimism in investors, as the price is almost 100% up from the market open at $0.45 on Jan.
BioPack Environmental Solutions, Inc. (OTC:BPAC) Stock Revives, Powered by Promoters
Although BioPack Environmental Solutions, Inc. ( OTC:BPAC ) intend to sell out substantially all of their assets in order to survive and the their stock has lost 80% of its value since the last time it was promoted, yesterday BPAC share price surged up
Ford Plans (F) to Introduce Eight New Vehicles in India
Ford Motor Co. (NYSE: F) on Thursday announced its plans to launch eight new vehicles in India in the next five years, taking advantage of expanding in the rapidly growing market. Ford says that its growth in Asia Pacific and Africa should account for 70 percent of the company’s global growth in the next decade
Articles of the Week: Fifth Grader Discredits Keynesians!
Here’s the list of this top articles I read this week.
UWRL – Join Venture To Add $2.4 Million In Annual Revenue
If you click the news link on Pinksheets.com you will find a UWRL press release that did not hit the wires today. In it the company announced a new joint venture that will bring in roughly $2.4 million annually. The company continues to bring add revenue through mergers, acquisitions, and joint ventures.
The Need for A Radical New Approach in Africa: Part II
Yesterday I outlined the problem , today I address the solution: Why charities should place Africa ahead of other areas or issues also in need of assistance? After Africa, south Asia/India has the greatest preponderance of child poverty in the world, followed by China. Both India and China have emerging economies that, arguably, have a far greater capacity to provide assistance to their most needy citizens. India and China already have or will have the wherewithal to address their indigenous poverty. Whether they choose to do so is another matter. At least they have the option. However, Africa stands alone and has no other options. There is no large emerging African-based economy or any regional benefactor that can realistically address its extreme poverty or alleviate the human deprivation. Africa has no one else to turn to. Charities have an opportunity to make a real impact and serve as a major catalyst in finally reversing a century of misguided policies and squandered aid. What specific actions can Charities take to help address African poverty? I believe a radically different approach is in order. I agree with Dambisa Moyo, the Zambian economist and former World Bank/Goldman Sachs employee who argues that over reliance on aid has trapped developing nations in a vicious circle of aid dependency. She contends that charitable aid to African nations is not just ineffective – it is worse than no aid. In her opinion, aid keeps Africa and Africans in a sub-servant’s role at a critical time when its governments need to step up and become more self-sufficient. She strongly recommends shutting off all foreign aid to African nations within 10 years. Charity from Western nations cripples African governments by fostering dependency and corruption without requiring positive change. Efforts to increase giving by foreign celebrities like U2 singer Bono are out of touch with the real needs of African countries. I fully endorse Moyo’s approach which proposes stopping the tide of money that, however well intentioned, only promotes corruption in government and dependence in citizens. Aid is often diverted to the coffers of cruel dictators and occasionally conflicts with the interests of citizens – free mosquito nets, for instance, killing the market for the native who sells them.
The Need for A Radical New Approach in Africa
For my final paper in my persuasive writing class I had to take a global issue and appeal to charities on why they should take action, below is my proposal: Over the past sixty years, more than $1 trillion in development aid has been transferred from rich countries to Africa. Has all this assistance improved the lives of Africans? No. If fact, across the continent, the recipients of this aid are not better off as a result of it, but worse – much worse. One of the greatest myths of our time is that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase economic growth. While some progress has been made – primarily in healthcare and agriculture – extreme poverty remains ubiquitous throughout Africa. Poverty levels continue to escalate and growth rates have steadily declined – and millions continue to suffer
