An Ethiopian delegation led by Finance minister Ahmed Shide has arrived in Hargeisa the capital of Somaliland to discuss bilateral relations. This just a week after a team from Egypt held talks with the Somaliland government mooting plans to set up a military base in the north-west regions of the country, a move that has seemingly […]
By Mohamed A. El-Erian LAGUNA BEACH – Not a day seems to pass without further evidence of the mounting economic tensions between China and the United States, the world’s two largest economies. This growing antagonism will have a bigger immediate impact on China than on the US, as bilateral decoupling fuels a broader ongoing process […]
Cecilia Tortajada and Asit K. Biswas SINGAPORE/GLASGOW – The COVID-19 pandemic is likely to transform our behaviors, attitudes, and policies in many areas. For the sake of overcoming the public-health crisis and enabling economic recovery, one must hope that water and wastewater management will be among them. Delivering clean water and ensuring proper wastewater management […]
Arvind Subramanian NEW DELHI – Until recently, China was unmistakably trying to be a hegemon in the image of the United States, increasingly complementing its growing hard power with soft power. But China seems to have missed its opportunity to build a serious rival to, or even supplant, the existing world economic order fashioned by […]
By Katharina Pistor NEW YORK – What do the Calabrian organized crime syndicate ‘Ndrangheta, Hertz, China’s Sichuan Trust, and the US Federal Reserve have in common? They are all deeply entangled in a financial system that has turned credit intermediation into a debt mint that produces assets to enrich investors but leaves households, firms, and […]
Minxin Pei CLAREMONT, CALIFORNIA – The United Kingdom’s decision to ban Huawei from its 5G networks has dealt a painful blow to China. Until recently, China was still counting on the UK to stick to its earlier decision to allow the Chinese telecom giant to supply non-core equipment for the country’s 5G networks. But two […]
By Jeffrey D. Sachs NEW YORK – The G20 ministers of finance meet this week under the auspices of Saudi Arabia, which holds the group’s presidency this year. But it is hard to imagine the G20 countries leading the world, as they like to pretend that they do. Most of them can’t effectively lead themselves […]
Without sustainable growth of its livestock sector, Africa is expected to import up to a fifth of meat and milk within the next 30 years, according to the Malabo Montpellier Panel. Wednesday, July 15 2020, Kigali, RWANDA– Africa will be unable to meet demand for meat and milk by 2050 and benefit from growth in […]
Jayati Ghosh NEW DELHI – Those who thought that a pandemic would make everyone realize the crucial role of care workers should think again. With the coronavirus still spreading rapidly, frontline workers are more essential – and at greater risk – than ever, yet public attention has shifted elsewhere. Worse, as economies collapse and labor-market […]
GENEVA – As the number of confirmed COVID-19 cases in Africa surpasses 500,000, the new coronavirus is at the forefront of the public consciousness. But the continent was beset by infectious disease long before the current pandemic began. And, as long as governments and donors remain preoccupied with curbing COVID-19, killers like HIV/AIDS, malaria, and […]
Prior to the COVID-19 pandemic, the region’s economic growth was projected at more than 5 percent, well above continent’s average of 3.3 percent and global average of 2.9 percent NAIROBI, Kenya, July 12, 2020/ — COVID-19 curbs East Africa’s growth, but still the strongest in the continent; Report calls for transition to higher value-added activities […]
On 14th June 2020 Somaliland and Somalia met in Djibouti for a four-day summit. The summit, the first serious one since the two sides started talking in 2012 in London, stirred up so much social media frenzy about its gamut and about whose initiative it was to bring the two sides together. The Americans, the […]
East Africa’s Leading online business news website East African Business Week News (EABW NEWS) (www.Busiweek.com) has today entered a media partnership agreement with the APO Group to publish its business-related news as it happens. This partnership agreement was coordinated by Mr. Laurent Caplea, Content Partnership Manager at APO group on behalf of the agency. The […]