Guy Pfeffermann, writing in Business Week, urges charitable donations to business schools in Africa. It actually makes a lot of sense: Sadly, most of Africa's health organizations and local NGOs —— many of which receive millions in aid —— suffer from a lack of management skills. According to news reports, a key partner in the Global Fund to Fight HIV—AIDS, Malaria & Tuberculosis suspended operations in Uganda in August because some funding had gone astray. This was in part the result of corruption, but it also was due to a shortage of local accountants able to book foreign exchange receipts correctly. This dearth of management training also hinders micro, small, and midsize businesses. These are the largest source of jobs in most developing countries. Yet in Africa few of them ever grow into larger companies. Research conducted in East Africa shows that the one factor that is strongly connected to the growth of small companies is whether owners or...(Read Full Post)