Business Transforming Development

This focus area covers the role and impact of the private sector in global development. From small social enterprises, to multinational corporations, the private sector is playing a role in development – through new business models, new ways of funding and innovation.

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USAID, Corteva sign memorandum as part of private sector engagement strategy

UK aid funding headed for 'part privatization' after new announcement, observers say

The U.K. aid chief wants to recycle profits from its private sector investments in a controversial move that could reduce the amount of funding the government puts toward official development assistance.

World Benchmarking Alliance aims to push businesses to do good through new ranking system

The World Benchmarking Alliance, launched Monday, aims to develop a set of standards it will use to measure a company's impact on the SDGs, creating a new accountability tool for the private sector.

Opinion: Unlocking the potential of African food businesses to tackle malnutrition

The African continent is home to the youngest population in the world, leading to a growing African consumer market that looks for healthier food options. This represents a great opportunity in emerging markets to create a sustainable value chain working with local agrifood SMEs. GAIN and DSM explain the need to improve the flow of finance to expand SME efforts.

Ask Devex: Transitioning into and within the development sector

In this month's webinar, Devex's Executive Vice President Kate Warren weighs in on some of the most pressing questions for global development job seekers, including how to transition into development from the private sector, transitioning to and from being a development consultant, and how to tackle gaps in your CV.

In Bangkok, climate campaigners warn against the private sector 'silver bullet'

Insurance is often floated as the solution to the havoc climate change is wreaking in developing nations. A new report suggests it's another way for developed countries to buy their way out of climate change.

IFC mulls how to make the Pacific more viable for investment

Political barriers and the costs of doing business have long dissuaded private sector investment in the Pacific. But the International Finance Corporation has vowed a renewed focus on the region as part of its commitment to conduct 30 percent of work in fragile and conflict-affected countries.

A new roadmap for the private sector's fight against modern slavery

Many initiatives stress the moral imperative for corporations to take the lead in fighting this global crime. But Mekong Club's "Business Pledge against Modern Slavery" takes a supportive, practical approach, according to the Hong Kong-based antislavery NGO.

Q&A: Supporting Africa's entrepreneurs

From a village baker to a market creator, Jean-Philippe Stijns, senior economist at the European Investment Bank, tells Devex the development community must recognize all levels of entrepreneurship in sub-Saharan Africa, including the role entrepreneurs can play in economic transformation.

Business experience will be valuable for development professionals of the future

Devex takes a closer look at how private sector engagement and funding is impacting the global development sector. Changing approaches to development work will require professionals with both hands-on business and developing country experience.

In India, making the business case for community forest rights

India’s Forest Rights Acts held the promise to change the lives of millions of forest dwellers. But the 10-year-old law has so far failed to limit land encroachment and evictions by public authorities and corporations. A new cross-sector initiative seeks to reverse the trend by making the business case for indigenous and community forest rights.

Q&A: How the private sector can take WHO recommendations on NCDs forward

Following the release of a report from WHO’s Independent High-level Commission on NCDs, Novartis Social Business’ Harald Nusser explains how the private sector can take some of its key recommendations forward.

How IFC is helping gender equality to gain momentum among Pacific businesses

With the help of IFC, the first company in Papua New Guinea has received a new certification focused on gender; and they are just getting started in building gender awareness and transforming the way the private sector works with women.

USAID's business forecast: Q3 of 2018

In our updated tableau interactive, view changes in trends from the first quarter of 2018. Here, we explain the key messages highlighted in the data, such as the continued and growing importance of small business partners.

Opinion: How to build successful B2B linkages in the agriculture sector

When leading firms establish linkages with SME processors and suppliers, the potential for win-win outcomes soars, explains William Mott, Agland Investment Services founder, and Kristin Treier, from Dexis Consulting.

What development knowledge do private contractors need to win contracts?

In May, Hall Contracting began work on a civil construction project in the remote island nation of Tokelau for the New Zealand Aid Programme. Devex speaks with Samantha Miezio, communications and marketing manager for Hall Contracting, on the knowledge and experience private contractors need to demonstrate.

How to combat NCDs? Take a sector-wide approach

Noncommunicable diseases are the leading cause of mortality worldwide, responsible for 70 percent of global deaths — 80 percent of which occur in low- and middle-income countries. While reducing NCDs is possible, it will require targeted and strategic action by many different stakeholders. Identifying the most impactful and strategic interventions, dividing tasks according to stakeholder expertise, communicating, and working collaboratively across sectors are key to success.

4 tips for engaging with Pledge 1% companies

The latest grant from Okta, which pledged 1 percent of its equity ahead of its initial public offering, is a reminder that technology companies have more to offer nonprofits than just money.

Will Africa's disaster risk financing see private sector boost?

Down the road, African nations could see disaster insurance premium relief in the form of private sector involvement, thanks to an unexpected interaction at the African Development Bank meetings in Busan, South Korea.