Nouriel Roubini, NEW YORK – For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that central banks’ attempt to fight it would cause a hard economic landing. When the recession comes, I warned, it will be severe and protracted, with widespread financial distress […]
Patrick Ndegwa, Considered one of Africa’s most vibrant developing countries, Uganda holds untapped potential for growth and transformation. As in many developing nations, our informal sector plays a crucial role in the economy. Valued at $58 billion, it accounts for 75% of total employment and contributes 34.4% to the GDP. For these reasons, it’s worth treating […]
Dennis Keko Kahindi, Picture this: It’s Black Friday and it’s time to take advantage of the massive sale on your favourite online shop. You’ve been receiving emails all month in the run-up to the day and you’ve bookmarked several items that you just have to have – and their prices for one day only are […]
DUBAI, UAE, September 29th, 2022 – Acronis announced today that former Manchester City and Argentina international footballer, Pablo Zabaleta, will attend GITEX 2022 at the Acronis booth H1 – C58, on Tuesday, October 11th from 1-2 pm local time. Acronis, the world leader in cyber protection, is also expected to make further announcements during GITEX […]
Samuel Nabwiiso, The Board of the East African Business Council during its 84th meeting outlined priorities set to boost intra-EAC trade and investments in the region. During the 84th EABC Board Meeting, the Chairperson of EABC . Angelina Ngalula lauded the EABC Secretariat for championing the adoption of 35% as the 4th band of East […]
Mohamed A. El-Erian, CAMBRIDGE – Financial markets’ reaction to the US Federal Reserve’s latest policy move was reminiscent more of developing countries than of the world’s most powerful economy. Given that the Fed is the world’s most systemically important central bank, this is more than just a curiosity. It has implications for America’s economic well-being […]
Samuel Nabwiiso, East African Community (EAC) Partner States have been urged to liberalise their airspaces and open up skies to promote the tourism industry in the region. The call was made by the chairperson of the East African Tourism Platform (EATF) Fred Odek, who was speaking during the official opening of the 2nd EAC Tourism […]
Dubai, United Arab Emirates, September 22nd, 2022: Canon Central and North Africa announced the launch of its revolutionary virtual film school called Canon Academy Video,’ aimed at providing filmmakers with a dynamic, interactive, and engaging educational platform. The company has remained committed to advancing educational and empowerment opportunities in Africa and has a myriad of […]
KCB Bank Uganda has partnered with financial technology firms; MTN Mobile Money and Airtel Mobile Commerce Uganda to introduce two Trust accounts that will enable mobile money traders and consumers to access electronic cash or what is commonly known as float. The MTN and Airtel Trust Accounts offer merchants, super dealers, Airtel money, and mobile […]
KCB Group Plc shareholders have approved the proposed acquisition of the DRC-based lender Trust Merchant Bank SA (TMB) during an Extra Ordinary General Meeting held today in Nairobi. In August 2022, KCB Group Plc entered into a definitive agreement with shareholders of TMB to acquire the Bank. Under the terms of the transaction, KCB will […]
Mariana Mazzucato, Ngozi Okonjo-Iweala, Johan Rockström, and Tharman Shanmugaratnam, LONDON – The floods, droughts, heatwaves, and fires that are devastating many parts of the world underscore two fundamental facts. First, damage to freshwater supplies is increasingly straining human societies, especially the poor, with far-reaching implications for economic, social, and political stability. Second, the combined impact […]
Kampala –Tuesday, 20th September 2022: Airtel Uganda, The Smartphone Network, with the widest 4G coverage in Uganda, has announced a 95% reduction in calls across Africa and Asia to ease the cost of communication for travelers and keep people seamlessly connected. In addition, frequent travelers and roaming customers within the One Airtel network will enjoy […]
Dambisa Moyo, NEW YORK – US inflation remained stubbornly high in August, with prices increasing at an annual rate of 8.3%. While this higher-than-expected increase has disappointed some economists, US Federal Reserve Chair Jerome Powell’s commitment to raising interest rates – which he emphasized in his recent Jackson Hole speech – will surely dent US inflation by squeezing demand. And […]