Aiming to create new stable revenue streams in the context of global economic insecurity and growing development needs, the government of Uganda innovated in 2013 by implementing two micro-levies on Mobile Money transactions and incoming international calls. The approach has rapidly paid off, generating more than US$106 M in additional revenue for the State in […]
Overview This Virtual Summit, the first and the largest of its kind convenes thousands of c-suite executives and decision-makers at African businesses, large and small, to present to you, from the highest ranks, the ways in which the U.S. can assist in growing your businesses through trade, investment, and technical assistance. Objective Designed specifically to […]
Nouriel Roubini NEW YORK – Joe Biden has consistently held a wide polling lead over US President Donald Trump ahead of November’s election. But, despite Trump’s botched response to the COVID-19 pandemic – a failure that has left the economy far weaker than it otherwise would have been – he has maintained a marginal edge on the question of […]
Yu Yongding BEIJING – In May, China’s central leadership proclaimed that it would “fully develop the advantages of [the country’s] super-large market and the potential for domestic demand to establish a new development pattern featuring domestic and international dual circulations that complement each other.” “Dual circulation” has been the subject of intense discussion within and outside China […]
By Mohamed A. Mohamoud – Barawani The rivalry between international actors on the Horn of Africa region due to geostrategic interests can only fuel more interstate and intrastate conflicts in the foreseeable future. The Horn of Africa region is characterized by poor governance and stalling democratic practices, where authoritarian regimes and one-party systems dominate the political […]
Stephen S. Roach NEW HAVEN – The US dollar has now entered the early stages of what looks to be a sharp descent. The dollar’s real effective exchange rate (REER) fell 4.3% in the four months ending in August. The decline has been even steeper as measured by other indexes, but the REER is what matters most for […]
Katharina Pistor. NEW YORK – Although the proper role of government in society is much debated, few would dispute that law enforcement falls within the state’s remit. But governments have increasingly turned a blind eye to enforcing the laws against the world’s most lucrative crimes: the fraud, embezzlement, tax evasion, bribery, and money laundering committed […]
Francisca Tondreau. SANTIAGO – With the world gripped by the COVID-19 pandemic, policymakers have turned their attention to economic stimulus and financial support of households and firms. As a result, many countries have been delaying the preparation and submission of their new emissions-reduction targets under the Paris climate agreement. These updated targets, known as nationally […]
BY Samuel Nabwiiso. The Government of Uganda through the Uganda Free Zones Authority (UFZA) has inaugurated the construction of the first public Free Zone in Uganda. The free zone facility is established at Entebbe International Airport and it’s estimated to cost Government UGX48 Billion. Upon construction completion whose construction is said to last for 6 […]
Cape Town, 23 September 2020 – In a strategic move to drive business opportunities within the travel and tourism sector, Africa Travel Week (ATW) has partnered with Invest Africa, a leading pan-African business platform promoting trade and investment in Africa. The alliance provides a strategic platform for stakeholders to drive investment initiatives for economic recovery and development […]
By Nigel Davis, EU chemicals trade has shrunk this year, as the coronavirus pandemic has spread and lockdowns have restricted industrial activity and consumer goods demand. Trade is vitally important for the sector which has enjoyed a strong trade balance over the years. Chemicals has benefited hugely from globalisation and from broad-based tariff reductions. A […]
Arvind Subramanian and Josh Felman NEW DELHI – How will COVID-19 affect developing countries’ growth prospects? The answer will depend largely on how globalization – and intellectual support for it – evolves in the pandemic’s aftermath. The prospects are not encouraging. Even before the pandemic struck, the global merchandise export-to-GDP ratio had been declining for […]
Mariana Mazzucato LONDON – As COVID-19 spread earlier this year, governments introduced lockdowns in order to prevent a public-health emergency from spinning out of control. In the near future, the world may need to resort to lockdowns again – this time to tackle a climate emergency. Shifting Arctic ice, raging wildfires in western US states and elsewhere, […]