Hippolyte Fofack, CAIRO – The African Continental Free Trade Area (AfCFTA), which came into effect in January, could be a game-changer in helping to lift the continent out of poverty and onto the path of long-term prosperity. The AfCFTA has the potential to accelerate and alter the composition of foreign direct investment in Africa, thereby […]
Jeffrey D. Sachs, NEW YORK – This week’s spring meetings of the International Monetary Fund and the World Bank offer a historic chance for financial cooperation. The major economies, including the United States, the European Union, China, and other G20 countries, have already signaled their support for a new allocation of $650 billion worth of the IMF’s […]
East Africa 6th April 2021: A new Counter Extremism Project report reveals illicit trade in East Africa. East Africa—a key security partner in the war on terror and a principal engine of economic development on the African continent—is being critically undermined by illicit trade, according to the new report An Unholy Alliance: Links Between Extremism […]
Michel Goldman, BRUSSELS – COVID-19 has caused vast suffering across Europe, and the European Union’s slow vaccine rollout threatens to prolong the agony. If the region’s leaders do not take decisive action soon, the pandemic could cause irreversible damage to the EU itself. When the coronavirus hit the region in 2020, EU member states were […]
Mohamed A. El-Erian, CAMBRIDGE – An old joke about tricky trade-offs asks you to imagine your worst enemy driving over a cliff in your brand-new car. Would you be happy about the demise of your enemy or sad about the destruction of your car? For many, the shape of this year’s hoped-for and much-needed global economic […]
Adair Turner, LONDON – Climate-policy discussions often focus on who will pay the cost of achieving a zero-carbon economy, with a particular focus on industrial sectors such as steel and cement. But the overall costs are strikingly low, and our biggest challenge lies in the food system, not industrial products. The latest report by the United Kingdom’s […]
Dubai, UAE, 01 April 2021- In the run-up to World Health Day (7 April), Emirates SkyCargo has become the first airline cargo carrier in the world to have transported more than 50 million doses of COVID-19 vaccines on its flights. The carrier has also transported more than 100 tonnes of syringes across the world to […]
Sharon Ikeazor, ABUJA – From sweltering heatwaves to disrupted harvests, Nigerians are already feeling the effects of climate change, and the country’s fast-growing young population is working hard to develop innovative solutions to the escalating crisis. But climate change is not a challenge any country can tackle alone. African countries, in particular, should not have to try. After […]
Huawei reaffirms its commitment to creating greater value for customers and society in the face of adversity [Shenzhen, China, March 31, 2021] Huawei released its 2020 Annual Report today. Growth slowed, but the company’s business performance was largely in line with forecast. Huawei’s sales revenue in 2020 rounded off at CNY891.4 billion, up 3.8% year-on-year, […]
As the month of March which celebrates women winds up, Nellie Mwandha, the Head of Customer Value Management (CVM) at MultiChoice Uganda (MCU) has challenged women to leverage their unique natural skillsets to succeed in their places of work. This was during a Raxio Data Hour Interview. At the Pay TV giant MCU, Nellie oversees […]
Katherine Dixon, LONDON – Our climate challenge is an energy challenge. But solving our energy challenge requires action that goes well beyond power generation. Solar and wind have revolutionized our energy system. But with the power sector currently supplying only 20% of our energy, simply producing more green electricity cannot get us to net-zero carbon dioxide […]
James K. Galbraith AUSTIN – The scale of US President Joe Biden’s American Rescue Plan (ARP) – $1 trillion in spending for this year, another $900 billion after that, plus a $3 trillion infrastructure and energy program that has been promised – has spooked many macroeconomists. Are their fears justified? The bank and bond-market economists, having cried […]
Kampala, Uganda; Wednesday, 31st March 2021: Stanbic Uganda Holdings Limited (SUHL) to which Stanbic Bank Uganda Limited (SBU) is a subsidiary, published its 2020 full-year results, with profit after tax of UGX 242 Billion. Andrew Mashanda, Chief Executive of Stanbic Uganda Holdings Ltd said, “2020 was quite a challenging year given the impact of the […]