Somaliland has called on the international community to delink the country from the political and economic disarray in Somalia occasioned by the failure of the latter to hold its elections early this year. In a statement, Somaliland reiterated it is not part of the government of Mogadishu and will continue to chart its political direction […]
Nouriel Roubini, NEW YORK – There is a growing debate about whether the inflation that will arise over the next few months will be temporary, reflecting the sharp bounce-back from the COVID-19 recession, or persistent, reflecting both demand-pull and cost-push factors. Several arguments point to a persistent secular increase in inflation, which has remained below […]
Daron Acemoglu, BOSTON – US President Joe Biden’s spending plans have been grabbing headlines, and rightly so. The administration’s relief package and infrastructure plan could remake the US welfare state by bolstering the social safety net and increasing spending on transportation, broadband, and education. But with US government spending likely to remain high after the […]
Eric Xu, Huawei’s Rotating Chairman said Huawei is optimizing its portfolio to boost business resilience to cope with the uncertainty brought by geopolitical tension, the resurgence of COVID-19, and US bans. Eric Xu made the statement when delivered a keynote speech at the company’s 18th Global Analyst Summit. More than 400 people, including industry and […]
Kigali, 14 April 2021: The Pan-African Farmers Organization (PAFO) and the Alliance for a Green Revolution in Africa (AGRA) have signed a cooperation and partnership agreement to strengthen the capacities of African farmers’ organizations to ensure that they provide effective services to smallholder farmers, especially women and youth. The agreement will see AGRA supporting Farmers’ […]
Diane Coyle, CAMBRIDGE – Friends of mine who work in the arts and humanities have started doing something unusual, at least for them: poring over data. This is due to the pandemic, of course. Every day, they check COVID-19 case numbers, how slowly or quickly the R factor is declining, and how many people in our area […]
Power distributor Umeme has reached out to customers about the recovery of electricity arrears for the benefits enjoyed by some customers in December 2020. Peter Kaujju, the Head of Communications at Umeme, explained that in December 2020, some customers received more units (excess credit) than they paid for or were charged double standard service fees. […]
According to the government’s power development plans, the next decade will see many new solar PV and wind power plants added to the national grid. This new capacity would support in supplying the country’s growing electricity demand, resulting from the continued economic growth and broadening electrification targeted under Vision 2030. The growth of these renewable […]
Carl Folke, STOCKHOLM – If the COVID-19 pandemic has taught the world one thing, it is the high price we pay – in lost lives, damaged economies, and wasted human potential – when we undervalue resilience. By applying this lesson, we can bolster our ability to weather future shocks. Over the last few centuries, societies […]
KAMPALA: 13th April 2021 – The recent conclusion of key oil and gas agreements has opened up opportunities for the participation of Ugandans. Speaking at a press conference, Dr. Kitutu Kimono Mary Goretti (MP), the Minister of Energy and Mineral Development (MEMD) highlighted specific areas that are now a reality for Ugandans who would like […]
Edoardo Campanella, MILAN – The COVID-19 pandemic has damaged the stock of physical and human capital. Firms have postponed or canceled investment projects, and laid-off or furloughed workers’ skills have deteriorated. The crisis, however, has boosted the oft-overlooked variable of social capital, elevating its role as a key source of economic growth. Popularized in the […]
Yu Yongding, BEIJING – The Chinese economy grew by 6.5% in the fourth quarter of 2020, providing a strong indication that it has recovered from the COVID-19 shock. The market consensus is that, due to base effects, GDP growth shot up to more than 18% year on year in the first quarter of 2021, and will fall steadily in the remaining […]
BY SAMUEL NABWIISO A team of officials from the Kenya Ministry of Trade is in Uganda for a sugar quality verification mission. Their objective is to ascertain the origin and status of Uganda’s sugar in order to be considered for further increase of quota to 90,000metric tons in export to Kenya. The verification Mission will […]