MICROCAPITAL BRIEF: Jeffrey Sachs: Use of Mobile Phone Services by 30% of Africans Will Lead to Poverty Reduction

Jeffrey Sachs, director of the United Nations Millennium Villages Project, was recently interviewed by the US-based CNN news provider regarding the rise of mobile phone ownership in impoverished areas throughout Africa. As people can more easily call for medical help, send a quick letter to a loved one or start a savings account, Dr. Sachs argues that mobile phone ownership will transform.... Read the full analysis here. Contact MicroCapital to receive a complete sample issue of the MicroCapital Monitor, the monthly microfinance newspaper.