(Via Emeka Okafor and the International Private Enterprise Group)

Equity Investment Firm in Rwanda seeks a CEO to oversee all of its investments. The position is based in Kigali, Rwanda. The firm is investing $25-50 million of equity into a portfolio of companies based in Rwanda. The CEO will report directly to the firm's board of investors and will be responsible for overseeing all corporate governance and financial reporting of the firm and its portfolio companies.

The CEO will also be responsible for (i) developing strategic partnerships between the firm's portfolio companies and other international companies and financing sources, (ii) negotiating the terms and structure of all investments, (iii) overseeing the management of all portfolio company investments, and (iv) overseeing due diligence on all potential investments. Qualified candidates must have experience negotiating and structuring complex transactions, managing equity investments, and developing international strategic partnerships. Candidates must speak English. Speaking French is helpful but not required.

Compensation will be commensurate with experience and qualifications, but will likely be in the range of a monthly salary of $8,000-10,000, car and housing allowances, and possibly some profit sharing.

Interested candidates should send CVs with cover letters to rfogler@thvf.com

Last week, while checking out some regular blogs, I bumped into a short note about a magazine called "Upsides" in the CGAP Blog.

Upsides is an FMO (the Netherlands Finance Development Company) initiative, supported by other likeminded financial institutions such as Standard Bank, Plantersbank, Triodos Bank and ShoreBank.  As such, the core content of Upsides revolves around finance and development.

Every Upsides issue has, on average, three detailed articles that develop a particular aspect of development finance. These articles are peppered with several case studies that help add flesh to the bone and reflect stories from different perspectives.  Additionally there is a section called 20:20 featuring interviews with important actors in the arena.

Initially, I thought that I would read the four already published issues and give an overview here, but soon it became apparent to me that the magazine is just too good to do it the disservice of a mediocre summary. Plus the contents are well thought out and they develop several important well-connected points. Clearly, the authors are experts and they have put much time into their articles.

Instead, I have chosen to give some mouthwatering tidbits of the fourth issue with the hope of stimulating readership from NextBillion visitors. There were three main topics: remittances, the brain drain in emerging economies and branchless banking.

(This post continues past the break; click Read More to continue)

"I'm giving away 2 percent of my net income every month... I don't think Bill Gates is doing that." So says Turkish billionaire Husnu M. Ozyegin in an interview for a New York Times piece last Friday about the philanthropy of individuals who have recently achieved phenomenal levels of wealth in "once destitute countries."

Sounds very impressive, but I've also been perusing another report of interest today about what some other individuals are doing with their money that really knocked my socks off - and I can guarantee that they are passing on more than 2%!

Last year, 150 million migrants sent more than US$300 billion in remittances to developing countries worldwide. This information is presented in the 2007 IFAD report on World Remittance Flows. (Since we can be pretty sure that migrant workers are not, on average, making US$100,000 a year in any country, we can be pretty certain that migrant workers, on average, are remitting far more than 2% of their net incomes!)

Nothing new, you say? We already know that there's been an explosion of services that have made the market for transferring remittances to Latin America (and now to a number of other places as well) much more competitive and affordable, especially for BoP remittance receivers who previously had no access to any financial institutions at all.

But what of Africa? Click "Read More" to continue reading this post.