Daron Acemoglu CAMBRIDGE – Having diminished America’s global role while refusing to accept China’s growing clout, Donald Trump’s presidency represents the last gasp of a unipolar epoch. But while many assume that the unipolar post-Cold War world is giving way to a bipolar international order dominated by the United States and China, that outcome is […]
Electricity sector players have unveiled an umbrella body that will bring all of them together for the greater good. The Energy Generators and Distributors Association of Uganda (EGADAU) was launched today by the Minister of Energy and Mineral Development, Dr Gorreti Kitutu. The association will promote best practice and develop sector relevant technical skills by […]
Robert J. Shiller, Laurence Black, and Farouk Jivraj NEW HAVEN/NEW YORK/LONDON – There has been much puzzlement that the world’s stock markets haven’t collapsed in the face of the COVID-19 pandemic, and especially in the United States, which has recently been setting record highs for new cases. But maybe it isn’t such a puzzle. A […]
More than 600 youth are currently benefitting from the mentorship program which was launched by Boundless Minds in partnership with Coca-Cola Beverages Africa in Uganda (CCBA) in October this year. Dubbed ‘Elevate’ the program seeks to empower youth with work ready skills to support their school-to-work transition. There is no doubt COVID-19 disrupted the lives […]
President Yoweri Museveni this afternoon commissioned Umeme’s upgraded multibillion Mbale Substation near Bugema. Mr. Selestino Babungi, the Umeme Managing Director, explained that the $17m (about sh64b) modern substation will now make electricity supply in eastern region more reliable resulting from the integration of the new transmission 50MW substation at the Mbale Industrial Park. He said […]
Kampala, December 1, 2020 – Housing Finance Bank , National Social Security Fund (NSSF) and ABC (Agent Banking Company) have today announced a partnership that enables social security collections through agency banking. The partnership means that NSSF members will now be able to submit their social security contributions through Housing Finance Bank agents in their […]
E-commerce platform leads EV revolution to combat emissions and noise pollution in Kampala 2 December, 2020. Kampala, Uganda. Sokowatch, the innovative East African e-commerce platform, has announced the groundbreaking launch of electric tuk tuks to its delivery fleet in Uganda, making the vehicles the first to be used commercially in East Africa. Built and assembled by […]
Erik Berglöf, BEIJING – China is aiming to halt the rise in its carbon dioxide emissions before 2030 and to achieve carbon neutrality before 2060. If it succeeds, the country will have gone, in less than 40 years, from being the world’s largest CO2 emitter to bringing its emissions into balance. China is far from being […]
Universities of Hargeisa in Somaliland and Chung Yuan Christian University (CYCU) in Taiwan have signed an agreement declaring the two institutions “Sister Universities”. Somaliland representative to Taiwan Mohmad Haji witnessed the signing of the agreement The two universities will cooperate on research, exchange students and teachers program and are expected to issue PhD publications. Among the areas the two institutions will […]
Jeffrey D. Sachs NEW YORK – Sixty years ago next May, President John F. Kennedy put the United States on a mission to the future. “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the […]
Mariana Mazzucato, Henry Lishi Li, and Els Torreele LONDON – Recent announcements of demonstrated efficacy in COVID-19 vaccine trials have brought hope that a return to normality is in sight. The preliminary data for Pfizer/BioNTech and Moderna’s novel mRNA vaccines are highly encouraging, suggesting that their approval for emergency use is forthcoming. And more recent news […]
Kaushik Basu ITHACA – Our recent experience with COVID-19 and the word “lockdown” once again illustrates the power of language to influence our lives and well-being. The infinite variety of reality, and the finite number of words and phrases we have to describe it, creates an inescapable philosophical challenge to articulating policy. Adding to the […]
By Raghuram G. Rajan CHICAGO – As the COVID-19 pandemic rages, governments in advanced economies have opened their coffers to support households and small businesses, spending on the order of 15-20% of GDP in many cases. Cumulative debt levels now exceed GDP in many developed countries; and, on average, debt as a share of GDP […]