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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.