According to a statement emailed to BusinesslinkTZ.blogspot.com, the Ninth Poverty Reduction Support Credit (PRSC-9) is the first in a series of three annual operations (PRSC-9/11) supporting the implementation of Tanzania’s Second National Strategy for Growth and Reduction of Poverty (known as MKUKUTA II), complemented by the first Five Year Development Plan.

“The new PRSC series is a very practical and convenient way to Tanzania’s growth and development strategies. The aim is to achieve inclusive growth, leverage private sector investment, support the social sectors, and advance critical reforms in the areas of public finance management and the business environment”, said Ramadhani Khijjah, the Permanent Secretary – Treasury, Ministry of Finance in Tanzania.

Khijjah said PRSC-9 is expected to contribute to poverty reduction and improved social conditions in Tanzania. It will focus on two main areas: Promotion of private sector growth and development; and improvement of fiscal policy and management.

He said efforts in the first focal area will support improvements in the general investment climate, accompanied by specific reforms in land access, special economic zones, and facilitation of a regional transit hub.

“Reforms in the second focal area will stress the need for consolidating the current efforts to improve public financial management and budget transparency. Full Post…

What would the world look like if we designed for generosity and not for selfishness ? What if people gave back to society, things that they never would need or use without any selfish motives ? What is the force that would inspire people to give away ?

Watch the below TED video (18 short minutes and awesome) by Nipun Mehta, he talks about a concept called “Giftivism”, defined as a “practice of radical generous acts that change the world”. The act of paying it forward, the act of giving to society without any selfish motives.

He gives various examples of Giftivisms’s in his talk, one such example is about a restaurant called Karma Kitchen in Washington, DC where you eat a meal and receive a bill of “0″ amount. You pay no mo

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It was a myth-busting week on LinkedIn. In article after article, top authors took widely held business beliefs and crushed them.

Thought your best employees were the ones who fit their job descriptions? You’re way off.  Believe that you need 8 hours of sleep? .  Insist that happiness will come when you hit your sales goals? You’ve got it backward, bub. Here’s the full list:

Let’s start with the BBC’s sleep story. Not surprisingly, this piece was most widely shared by people in sleep-deprived industries like IT, computer software, design and higher education.

For anyone who has spent their days pounding Red Bull while lamenting the poor sleep they got last night, the BBC brings sweet relief: Until the late 17^th Century, the idea that you needed one long snooze was laughable. Instead, people used to sleep a few hours around dusk, wake up, write or smoke (or both), then sleep again.

Candle lighting, however, started to mess with our sleep cycles. Lit streets meant people could stay out later with less fear of getting robbed and lit coffee houses gave people a place to go. Humanity pi

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The 75,000 metric tons processing capacity factory, which is located near Abuja International Airport close to Gwagwaladaabout 30 minutes drive from Nigerias capital city of Abujawill create additional stable and sustainable demand for soybean in one of Africas major producers.

Karma Foods plans to source 100% of its soybean demand locally, says Dipak Mirchandani, Chairman of the firm, ahead of a stakeholder conference on soybean in Makurdi on 12 July.

We hope that this investment will help reposition soybean production in Nigeria, and more importantly, it will profit the Nigerian soybean farmer because he now not only has options to sell his products, but also can plant with a sense of security and the assurance that his produce has a committed buyer, he adds.

To meet the companys soybean demand, Karma Foods and researchers from the International Institute of Tropical Agriculture under the Tropical Legume project and the University of Agriculture Makurdi will be backstopping farmers in Benue state with best practices in soybean production.

We see Benue farmers as key stakeholders in this project because the state plays a leading role in soybean production, says Mirchandani.

The company, the biggest soybean factory in Sub Saharan Africa outside of South Africa, will be creating tens of thousands of jobs along the soybean value chain, which will help reduce the level of unemployment in Nigeria in line with President Goodluck Jonathans transformational agenda.

Dr. Full Post…