Opinions

he Case for a Quadripolar World

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 […]

Africa Investment

Museveni Commissions Umeme Upgraded Mbale Substation

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 […]

Africa Industry

Housing Finance Bank Partners with NSSF to Enable Social Security Contributions through Agency Banking

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 […]

Africa Opportunities

Sokowatch launches East Africa’s first commercial electric tuk-tuks

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 […]

Opinions

China’s Path to Net Zero

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 […]

Africa Opportunities

Hargeisa University and CYCU of Taiwan Sign Partnership Agreement

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 […]

Opinions

Designing Vaccines for People, Not Profits

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 […]

Opinions

Language and Lockdowns

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 […]

Opinions

How Much Debt Is Too Much?

 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 […]