My full name is Okezie Nnamdi Ogbonna, with entry to the competition for the West African Monetary Zone (WAMZ) common currency competition launched in April 2001 by the West African Monetary Institute (WAMI) ref no: WAMI/OP/SO/CR/04/02 , with the name ECO along with 78 others chosen as the name of the West African Monetary Zone –The zone www.wami-imao.org common currency .
The WAMZ -The Special Economic Zone (SEZ) with a core mandate to create a common market in the mould of the EURO Zone in a bid to enhance the economic welfare of the citizens of the Zone.
SIX PARTICPIPATING COUNTRIES-
WEST AFRICAN MONETARY ZONE (WAMZ)
NIGERIA
GHANA
LIBERIA
SIERRA LEONE
GUINEA
THE GAMBIA
Giannis-RC: 697704-a global social entrepreneurship Business Development Services (BDS) innovator embedded within the markets in the Member states fosters market-based approaches by consolidating trade integration within the context of the Economic Community of West African States (ECOWAS) framework, with a total number of 15 Member States .Giannis with a focus on the Base of the economic Pyramid (BOP)-that is the four (4) billion people with incomes below $3,000 per year in local purchasing power, most of whom are population segments living in fragile, conflict affected or both often in “Bottom Billion” States in Sub Saharan Africa.
AFRICA-A group of around 48 small, low-income countries with a combined population of 1.6 billion people who had missed out on global economic development and so had diverged form the rest of mankind.
THE CENTRAL CHALLENGE OF DEVELOPMENT
For the global economic development community is helping these countries to catch up with the rest of humanity.
The devastating impact of rising energy and food prices on the world’s poor has sparked alarm about this group’s vulnerability as global markets shift, often suddenly and deeply. The burdens of poverty, already heavy become crushing as family incomes fail to cover basic needs for food, shelter ,lighting etc.,
For Giannis-RC: 697704-a global social entrepreneurship Business Development Services (BDS) innovator –ending this poverty and the vulnerability that goes with it is best approached by focusing on the potential of the poor as the world’s largest market of producers, workers and consumers with a global market worth of $5 trillion.
MARKET-BASED APPROACHES TO POVERTY REDUCTION
Giannis-RC: 697704-a global social entrepreneurship Business Development Services (BDS) innovator with a focus on the BOP market make a concerted effort to include the poor in its business strategies, going beyond philanthropy and traditional concepts of Corporate Social Responsibility (CSR), to invest in the poor as producers and consumers.
Giannis innovative lighting supply chain business model prototype ref Application No; 1189/AECF/1151/0003 and weblink;http://www.aecf.org/admin/applicants/projectdetails.php?id=1189
Giannis innovative prototype show how BOP market focused businesses can operate profitably in what is still the frontier of the mainstream market economy, while enhancing the well being of the poor by nurturing them as productive consumers.
Giannis innovation research and development (R&D) department has through its research and development projects and programs been at the fore-front of advancing market-based solutions, consolidation and economic development within the West African Special Economic Zone (WAMZ) the zone, in this regard, Giannis has over the past few years embarked on a series of innovation research and development (R&D) designing-concepts, strategy papers, and business plans-as well as extensive linkages fostered with different organizations across-the-board within the WAMZ innovation ecosystem such as;
UNIVERSITIES
PUBLIC LABORATORIES
BANKS
CUSTOMER ASSOCIATIONS
PROFESSIONAL ASSOCIATIONS
GRASSROOTS COMMUNITY GROUPS
CITY CHAMBERS OF COMMERCE
OTHER ENTERPRISES ETC…
An innovation strategy- a holistic and biological approach more appropriate than simply promoting ideas and projects from research to market, or – the reverse-identifying needs and calling upon research or the science base to satisfy them.
BUSINESS EDUCATION RESEARCH AND TRAINING INSTITUTE (BERTI)
A learning laboratory, which mirrors the innovation ethos of Silicon Valley. Through both mentor-supported distance learning and an intensive in-residency boot camp, this program enables social entrepreneurs from Africa to accelerate learning by doing as well as from planning and execution-the program offers a vast opportunity as a promising bottom-up model of socio-economic development.
My designation: Social entrepreneur and social media innovator
Ideologically welded to the bottom-up socio-economic development in a concerted bid to enhance the welfare of 1.6 billion Africans Part of the 4 billion at the base of the wealth pyramid a global Base of the economic Pyramid (BOP)a global market worth US $5 trillion
