Tag Archives: companies

China doubles loans to Africa, now $20 billion, and agrees to operate responsibly

China said Thursday it would offer $20 billion in new loans to Africa, underscoring the relationship’s growing importance, as Chinese companies agreed to operate more responsibly on the resource-rich continent.

Beijing has poured money into Africa over the last 15 years, seeking to tap into its vast natural resources, and China became the continent’s largest trading partner in 2009.

But its aggressive move into the continent has at times caused friction with local people, with some complaining Chinese companies import their own workers, flout labour laws and mistreat local employees.

Addressing African leaders including South African President Jacob Zuma and Kenya Premier Raila Odinga, President Hu Jintao said the loans would focus on supporting infrastructure, manufacturing and the development of small businesses.

 

Source: Yahoo! News - China doubles loans to Africa to $20 billion

 

 

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Coursera adds 12 more prestigious universities – free online education grows

As we wrote back in April, there’s no doubt that the Internet is revolutionizing education, as more and more companies continue to emerge and alter the way we learn. We’ve kept a close eye on edX, Khan Academy, Academic Earth, P2PU, Skillshare and Codecademy, and rounding out that list is Coursera, one of the youngest of the bunch, which recently raised $16 million to launch with 37 undergraduate and graduate-level courses.

Now, since starting off with the likes of Princeton and Stanford, Coursera is announcing 12 new university partnerships, $3.7M in equity investments from Caltech, Penn and existing investors, and a total of 1.5M student users from 190 different countries.

More specifically, here’s a list of the company’s 12 new partnering universities, following Coursera’s original four launch partners (Stanford, Princeton, University of Michigan and University of Pennsylvania):

  • Georgia Tech
  • Duke University
  • University of Washington
  • Caltech
  • Rice University
  • University of Edinburgh
  • University of Toronto
  • EPFL – Lausanne (Switzerland)
  • Johns Hopkins University (School of Public Health)
  • UCSF
  • University of Illinois Urbana-Champaign
  • University of Virginia

 

If you’re interested, these courses are free and here’s a list of all the new classes available:

The Next Web - Education startup Coursera partners with 12 new universities, raises $3.7M and hits 1.6M enrollments

 

 

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Forget the BRICs it’s the CIVETS now – the new developing world

The past decade was all about the BRICs, the massive economies of Brazil, Russia, India and China, which kicked off at the beginning of the new century, boomed and are now slowing like the rest of the developed world. Taking their place is a new group of fast-rising economies promising businesses outsized returns.

The next decade could belong to the CIVETS – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa – whose rising middle class, young populations and rapid growth rates make the BRICs look dull in comparison.

Hardly emerging economies anymore – China is the world’s second largest economy and Brazil will take seventh place this year – that their pace would slow down was inevitable.

Now more connected by trade to the developed economies, the BRICs are feeling the same slowdown effects as the developed economies.  And, in the case of China and Brazil, they are also wrestling with the strains of their rapid ascensions. Real estate bubbles, currency control issues and hyper-wage inflation are sending global companies elsewhere for growth.

Brazil is forecast to grow a mere 3% this year. China, while still targeting a strong GDP growth rate of 7-8% in 2012, is well off its double-digit rates of the past decade. Russia, meanwhile, which can’t kick its dependency on oil exports and endured the retrograde re-election of Vladimir Putin, may grind out 3.2% growth this year. India is also slowing, with a GDP target of 6.9% growth in 2012, a sharp decline from its 2010 pace of 9.6%.

The CIVETS, meanwhile, are at the lift-off point…

 

Keep readingThe decade of the CIVETS

 

 

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ARPA-E – a new federal agency created to fund research of promising, but unproven, energy technologies

ARPA-E: A Good Beginning for U.S. Energy Innovation

By Bill Gates

Clean energy and innovation are two areas that I’m passionate about, so I’ve been looking forward to investigating some interesting new energy technologies at the ARPA-E Energy Innovation Summit this week.

ARPA-E is a new federal agency—the Advanced Research Projects Agency-Energy—created in 2009 to fund research of promising, but unproven, energy technologies. It was modeled after DARPA—the Defense Advanced Research Projects Agency—which was established in the late 1950s to accelerate development of U.S. satellite technology to keep pace with the Soviet Union. Research at DARPA led to a number of fantastic breakthroughs, including GPS technology and the Internet.

The idea behind ARPA-E is to help the U.S. fast-track development of innovative energy technologies that wouldn’t typically be funded by traditional energy companies. If just a fraction of the projects are successful, they could reduce greenhouse gas emissions contributing to climate change, help the U.S. decrease its dependence on foreign oil, , and keep the U.S. competitive in advanced energy technologies.

I’ve been quite impressed with the people running ARPA-E. In less than three years, they have evaluated hundreds of proposals and made $521 million in grants to support 180 projects.

Keep reading – Bill Gates from The Gates Notes

 

 

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