Justin Yifu Lin and Yan Wang, BEIJING – The eighth triennial Forum of China-Africa Cooperation was recently held in Dakar, Senegal. At past forums, China has announced large development-financing packages. But this year, Chinese President Xi Jinping opened the FOCAC by pledging another billion doses of COVID-19 vaccines and more private-sector equity investment to Africa. This is just one sign of […]
December 03, Kampala: There is good news for the economy about rising employment levels for the last six months as the country continues to recover from the COVID-19 pandemic hit. According to Stanbic Bank Uganda’s Purchase Managers’ Index (PMI) for the month of November, job creation was signaled in the country’s private sector for the […]
Kampala, Uganda|12/07/2021—The Mastercard Foundation and Africa CDC jointly announced that 756,000 Johnson & Johnson vaccines purchased under the Saving Lives and Livelihoods initiative have landed in Uganda and are set for distribution. The shipment is part of the first tranche of vaccines to be delivered under the initiative. Through Saving Lives and Livelihoods, the Mastercard […]
Abuja, 7th December 2021 – African Export-Import Bank (Afreximbank) is formally breaking ground for the construction of the African Medical Centre of Excellence (AMCE) today in Abuja, Nigeria. The Centre aims to provide world-class healthcare across the continent in long-term partnership with King’s College Hospital, London (KCH), the official clinical partner for the AMCE. Commissioning of the Centre […]
In a fast-paced and ever-changing business world, it has become increasingly important for employees to be heard and recognized, to give them a sense of purpose, and help them know that their contributions are being noticed. They want to know that their skills are still relevant, useful and that they are making a positive contribution […]
What a week it has been for premier league and football fans in general as they have been games kicking off left right and center. From heavy clashes over the weekend to teams getting vital points to revive their top six ambition, football fans couldn’t really ask for much. Starting off in Old Trafford where […]
Jeffrey D. Sachs, NEW YORK – At last month’s COP26 climate summit, hundreds of financial institutions declared that they would put trillions of dollars to work to finance solutions to climate change. Yet a major barrier stands in the way: The world’s financial system actually impedes the flow of finance to developing countries, creating a […]
03Dec2021. Medical personnel often urge us to conduct routine medical examinations as a way of ensuring that our bodies are in a good health state. However, most of us rarely go for these checkups unless we notice a change in our bodies. According to a 2019 report by the World Health Organisation (WHO), non-communicable diseases (NCDs), […]
Addis Ababa, 02 December 2021. Africa’s largest aviation group, Ethiopian Airlines, has been crowned as the ‘Best African Airline” at the 2021 Business Traveller Awards. The votes made by the business travelers for this year took into account the COVID period with key questions covering airlines’ effectiveness in communication, effective implementation of COVID precautionary measures, […]
Daron Acemoglu, BOSTON – Global supply chains used to be the last thing policymakers worried about. The topic was largely the concern of academics, who studied the possible efficiency gains and potential risks associated with this aspect of globalization. Although Japan’s Fukushima nuclear disaster in 2011 had demonstrated how supply-chain disruptions could impact the global economy, few anticipated how central the […]
Mohamed A. El-Erian, CAMBRIDGE – It took way too long, but key officials at the US Federal Reserve have finally acknowledged that for months they mischaracterized an inflationary surge that has proven larger and more persistent than they expected. That recognition is welcome, especially given the likelihood that inflation will remain uncomfortably high in the […]
Shang-Jin Wei, NEW YORK – When Tesla CEO Elon Musk promoted the Dogecoin and Bitcoin cryptocurrencies, their prices shot up. While some countries are taking a wait-and-see attitude toward private digital money, El Salvador has embraced Bitcoin as an official currency. And the New York State Department of Financial Services (NYDFS) has been busy issuing licenses (and collecting fees) to people […]
Kampala, December 01, 2021 – Sanlam General Insurance Uganda, one of the leading insurance providers in Uganda has launched an online salvage bidding platform intended to provide ease of access to auctioning and bidding for their customers. The launch took place at their Head Office on Clement Hill Road. The online bidding platform is aimed […]