Six years ago, African leaders recognized that the degradation of 65 percent of the continent’s agricultural land threatens economic and environmental ruin for millions of farmers. They realized this just as the effects of climate change – lower crop yields, erratic rainfall, prolonged droughts – are making life harder for millions of farmers, herders, and city dwellers. That’s why African...
In venture capital, a “zombie” investment is an investment into a perfectly good company, one that earns revenues and pays it payroll and bills, but which isn’t growing quickly and thus isn’t worth more than the investment capital. Some loans to SMEs (small and medium enterprises) can be zombies too, if the company is breaking even, earning enough to pay the payroll, rent...