(CNN) - A groundbreaking new initiative is helping small business owners in Somalia link with donors through a mobile phone money transfer system.
E-Cash, a program backed by charity Oxfam, offers the convenience of avoiding long waits at money changers, and erases security issues that go with carrying cash in the street.
The initiative, which launched last year and already has 2,500 beneficiaries, targets vulnerable communities, such as women whose husbands have left them and who are breadwinners for their families, as well as disabled people.
(CNN) – In the impoverished and crime-ridden Mexico City suburb Ciudad Netzahualcoyotl, a pioneering education center is tutoring students through a mix of computer programs and teaching.
It is one of 70 learning and innovation hubs first established in 2009 which now have around 350,000 users, most of whom have never used a computer before. Mois Cherm, CEO of the company behind the project, ENOVA, who was been named Social Entrepreneur of the Year at the World Economic Forum, says that the aim of the centers is to harness technology in educating low-income citizens.
Mexico has the lowest education standards of any major country, a fact often blamed on teaching unions which have a huge power over hiring and regulation.
As well as providing computers, the company, which is for-profit, creates its own programs with a tech hub in Mexico City.
(CNN) - Egyptian scientists say they have developed the first insect repellent material in the region, which has the power to protect people from being bitten by any bug, including mosquitoes.
Mohamed Hashem and his team at the Egypt National Research Center developed the textile, which he says is infused with what a natural and environmentally friendly material. Hashem would not reveal the exact composition of the substance, but said that it had the power to kill insects that were exposed to it for prolonged periods.
Insect repellent materials already exist in the West, but this development will allow regional manufacturers to buy it for much less, and Hashem says there are plans for it to be used by the Egyptian armed forces.
(CNN) – Former Australian Prime Minister Kevin Rudd says China will begin to revise its future policy on North Korea.
Rudd outlines three reasons for this shift including North Korea’s nuclear weapons program aggravating regional U.S. allies; the potential for an escalating conflict should North Korea attack South Korea; and the damage to China’s foreign reputation as a supporter of the regime.
Rudd adds that China faces huge challenges in transforming its domestic economic growth model to meet the workforce demands for higher wages and living standards.
(CNN) –Opposition Leader Mohamed ElBaradei says the solution for Egypt's terrible shape is a political one, not a military one.
ElBaradei, the former head of the International Atomic Energy Agency, tells CNN's John Defterios that Egypt must start political reconciliation to stop the social unrest and violence in the country.
The North African state needs support from the International Monetary Fund to "jump start" the economy, according to ElBaradei.
(CNN) – Moira Forbes talks about women in the workplace after Forbes recently named Facebook Chief Operating Officer Sheryl Sandberg the world's most powerful woman in business.
Forbes says Sandberg has received much attention around the release of her book "Lean In" focusing on women in the workforce.
Forbes added that Sandberg has grown Facebook into a multi-billion dollar company and her success if "extraordinary" with a book that is "personal and candid."
(CNN) – Trita Parsi, founder of the National Iranian American Council, says the Iranian-Pakistan gas pipeline could be a strategy by Pakistan to align more closely with Iran.
The new pipe labeled the “peace pipeline” runs between south Iran to the Pakistan city of Multan.
Iranian President Mahmoud Ahmadinejad and Pakistani President Asif Ali Zardari met on March 11 to mark the beginning of construction on the Pakistani side.
The U.S. says the pipeline could violate sanctions on Iran over the country’s nuclear program.
(CNN) – Venezuela's Hugo Chavez, who died this week, built his support on a populist platform of sharing the country's oil wealth with the poor.
Yet Venezuela's economy, and the future of its oil industry, remains deeply vulnerable.
CNN's John Defterios talks with Fereidun Fesharaki, the chairman of FACTS Global Energy, who says the country's oil industry is in a "shambles." So what challenges a new leader face?
Former U.S. Secretary of State James Baker says the country's debt problem is a "ticking time bomb." He describes the U.S. as "broke" and says if it wasn't for the dollar as the global reserve currency the U.S. would be "Greece."
(CNN) - The Moscow Stock Exchange is the latest company to trade on its own platform.
It comes after the company sold its shares at an Initial Public Offering last week - at the low end of the IPO range.
The stock began trading Friday , providing a valuation of more than $4 billion.
John Defterios sat down with Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund and asked him why, despite the lukeman response, he sees potential in the exchange.
About Global Exchange
Global Exchange explores how emerging markets are impacting and influencing the global financial community, at a time when business is a vital driver of the international news agenda.
Global Exchange is presented live from Abu Dhabi by emerging markets editor, John Defterios, who will be joined by CNN correspondents from around the world.
Global Exchange also includes the “GX20,” a global hotlist of some of the world’s biggest economic thinkers. The GX20 will be drawn from the key emerging markets, from across China, Russia, India and South Africa, contributing to the show and this blog.
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