Opinions

America’s New Debt Bomb

Todd G. Buchholz SAN DIEGO – The United States today not only looks ill, but dead broke. To offset the pandemic-induced “Great Cessation,” the US Federal Reserve and Congress have marshaled staggering sums of stimulus spending out of fear that the economy would otherwise plunge to 1930s soup-kitchen levels. The 2020 federal budget deficit will be around […]

Africa Markets Opportunities

African Union Commission inaugurates AfCFTA permanent secretariat as launchpad for Africa’s economic transformation

Abidjan, Côte d’Ivoire, 18 August 2020 – At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of the AU Commission, reiterated the importance of the body to the continent’s economic transformation agenda. “The economic integration of Africa will […]

Opinions

The Quiet Revolution in Emerging-Market Monetary Policy

Piroska Nagy-Mohacsi LONDON – Central banking in emerging markets has undergone a quiet revolution during the COVID-19 pandemic. Unlike in past crises, they have been able to mimic what central banks in advanced economies have been implementing: counter-cyclical policies with quantitative easing (QE), local-currency asset purchases, interest-rate cuts, and monetization of government deficits. In the […]

Africa Industry Opinions

How Africa Can Harness the Fourth Industrial Revolution

Hanan Morsy ABIDJAN – Key features of the Fourth Industrial Revolution (4IR) – accelerating digitalization, artificial intelligence (AI), cloud computing, robotics, and 3D printing – have obvious and important implications for education, employment, and the future of work. This is especially true for African countries. Over the past decade, the share of the continent’s under-20 […]

Africa Opportunities

Ugandan Women Ask for 30% Special Reservation for All Government Contracts.

BY SAMUEL NABWIISO Although Uganda launched the buy Uganda and Build Uganda (BUBU) policy that tends to promote the consumption of locally produced goods and services, the scheme has not yet favored Ugandan Women Entrepreneurs at both government and the private sector levels. According to the Information available at the Uganda Women Entrepreneurs Association Limited […]

Opinions

The Need for Debt-for-Climate Swaps

Shamshad Akhtar, Kevin P. Gallagher, Stephany Griffith-Jones, Jörg Haas, and Ulrich Volz ISLAMABAD – A global debt crisis is looming. Even before COVID-19 swept the world, the International Monetary Fund had issued a warning about developing countries’ public debt burdens, noting that half of all lower-income countries were “at high risk of or already in debt distress.” As the […]

Africa Industry Opportunities

NATURAL GAS-SUPPORTING GHANA’S DEVELOPMENT

Accra, August 2020: The far-reaching implications of finding commercially viable quantities of oil and gas in deepwater drilling off Ghana was one of several topical issues explored by Kevin Okyere, CEO, Springfield Group, in an in-depth interview he gave recently to Oxford Business Group’s online broadcasting channel, Global Platform. Okyere told OBG that Springfield’s success […]

Africa Markets

Nigeria Takes Step to Stop US$15.7B of Illicit Flow through Financial Systems

August 13, 2020 – Washington, D.C. – As a leader in the Open Government Partnership (OGP) Steering Committee, Nigeria is taking critical steps to tackle corruption and money laundering by enhancing corporate accountability and transparency through a new registry disclosing persons with significant control of companies. President Muhammadu Buhari signed the new beneficial ownership registry […]