Crowdfunding is increasing rapidly as an alternative source of financing business and other projects. Some see in crowdfunding a lot of potential for Sub Saharan Africa. Crowdfunding in this...Show moreCrowdfunding is increasing rapidly as an alternative source of financing business and other projects. Some see in crowdfunding a lot of potential for Sub Saharan Africa. Crowdfunding in this context, however, has never been studied. This research is an explorative empirical study into crowdfunding in Ghana. The main finding is that crowdfunding is still very limited with only two crowdfunding platforms showing serious activity. By linking crowdfunding to entrepreneurship theory it is argued that contemporary crowdfunding in Ghana has no significant contribution to economic growth and innovation.Show less
In 2005, the WTO Aid for Trade initiative was launched, with the aim of intensifying the involvement of developing countries in global trade to stimulate development. Various aspects of the program...Show moreIn 2005, the WTO Aid for Trade initiative was launched, with the aim of intensifying the involvement of developing countries in global trade to stimulate development. Various aspects of the program have been praised and criticized. However, the activities of multinational companies in the context of Aid for Trade seem to have been neglected. Western companies have been supported by Western governments to conduct business in Africa, as a result of Aid for Trade. As such, Corporate Social Responsibility becomes increasingly important as these companies are expected to be contributors to development. This paper examines to what extend Corporate Social Responsibility can contribute to development in Africa. Research is conducted through case studies of Western, responsible companies that are active in Africa. Analysis of these cases shows that, despite extensive CSR-programs, companies tend to favor their own interest over the African interest, resulting in very limited, or no actual contributions to development in African countries.Show less
