Hippolyte Fofack, CAIRO – Economic policy debates about Africa are too often clouded by calls for population control and lower fertility rates. And the United Nations is fueling the problem by projecting that Africa’s population will double by 2050. In fact, Africa’s overall fertility rate has fallen by more than 36% since 1970 to 4.2 births per […]
Manish Bapna, Frannie Leautier, and Rémy Rioux, WASHINGTON, DC – A climate-resilient future requires public finance. But strong, long-term strategies for financing climate action have, so far, received little attention. One often overlooked route to meeting this need is public development banks. Much of the conversation about financing climate action focuses on multilateral development banks. […]
Umeme has commissioned another multi-billion project in Luuka District in its quest to boost the Government’s ambitious access agenda and rural electrification. The US$ 4,205,623 (about sh15.2b) project, which involved the construction of over a 500km distribution line, with 96 transformers, will benefit up to 1,000 households. The funding is part of the $100m (about […]
Dani Rodrik, CAMBRIDGE – Development policy has long been divided between two types of approaches. One approach targets poor people directly and seeks to alleviate the poverty of individual households – through income support, health and education interventions, and enhanced access to credit. The other focuses on enhancing economic opportunities and raising overall productivity – […]
Katharina Pistor, NEW YORK – The “Pandora Papers,” a new investigation led by the International Consortium of Investigative Journalists, has fueled outrage around the world. Politicians, business people, sports stars, and cultural icons have been caught in the act of hiding their wealth and lying about it. But how likely is a reckoning for the […]
ADDIS ABABA, Ethiopia and SOUTHLAKE, Texas– 11 October 2021– Sabre Corporation (NASDAQ: SABR), the leading software and technology provider that powers the global travel industry, and Ethiopian Airlines, Ethiopia’s flag carrier and the largest airline in Africa, have renewed their long-term strategic partnership for another seven year with minimum commitment of USD 110 million. Under […]
The impact of the pandemic on global supply chains has prompted governments around the world to look at ways to fix the broken links. In Africa, the launch of African Continental Free Trade Area (AfCFTA), has provided the continent with new opportunities to strengthen its regional supply chain. Virusha Subban, Head of Indirect Tax at […]
Mahmood Al-Bastaki, Small and medium enterprises (SMEs) play a central role in developing economies across Africa, driving growth, creating jobs and pushing innovation. Micro, small and medium companies represent more than 90% of businesses on the continent and provide 60% of all jobs. In Rwanda, for example, SMEs account for an enormous 98% of businesses […]
Kampala, 10th October 2021 – Today, Afro Fem Coders announced a partnership with the Mastercard Foundation, to inspire and empower African women with technology skills amidst the COVID-19 pandemic. Afro Fem Coders, a program being implemented in Uganda, aims to create a platform for African women to learn computer programming in a safe and encouraging […]
The promotional tour of the second Intra-African Trade Fair (IATF2021) stopped yesterday in Luanda, Angola, where the organisers met with the business community and government representatives to raise awareness and encourage participation in the trade fair. Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental Free […]
Private equity as an alternative asset class is a very attractive investment vehicle for investors, due to its ability to deliver higher returns relative to other asset classes over the long term. Private equity is widely practiced in developed countries as it compensates for the scarce credit available to local enterprises and supports the growth […]
There’s no doubt that the COVID-19 pandemic has impacted Uganda in both an undesirable and positive way to some extent and this trend will continue– at least for the next couple of years. The last few weeks have been uneventful for the larger part of the private sector in Uganda, all because of the manifestation […]
Kampala, September 30, 2021 — Glovo, one of the world’s leading multi-category delivery platforms, today announced the expansion of its operations in Africa, to include Ghana and a new entry to Tunisia, bringing its current operations to a total of seven countries on the continent. Following the expansion, an estimated 6.5 million more people will […]