Africa Industry

Africa Oil & Power Confirms New 2021 Date for Africa’s Energy Conference

AOP 2021 is the only event on the continent that fully unites power with petroleum, focusing on the driving factors behind Africa’s energy transition CAPE TOWN, South Africa, June 25, 2020/ — Africa Oil & Power (AOP) 2021 (www.AfricaOilandPower.com) highlights African integration across borders throughout the entire energy value chain and examines the African investment […]

Markets Opinions

Explaining China’s Economic Resilience

Zhang Jun SHANGHAI – Widespread lockdowns and border closures aimed at combating the COVID-19 pandemic have interrupted global supply chains and largely paralyzed the global economy. Yet, the real weakness of today’s global economy is not the vulnerability of its globalized production networks, but rather souring attitudes toward globalization – and toward China in particular. […]

Opinions Wellness

The Plastic Pandemic

Jacob Duer, SINGAPORE – There is no denying that single-use plastic has been a lifesaver in the fight against COVID-19, especially for frontline health workers. It has also facilitated adherence to social-distancing rules, by enabling home delivery of basic goods, especially food. And it may have helped to curb transmission, by replacing reusable coffee cups […]

Opinions

The Main Street Manifesto

Nouriel Roubini NEW YORK – The mass protests following the killing of George Floyd by a Minneapolis police officer are about systemic racism and police brutality in the United States, but also so much more. Those who have taken to the streets in more than 100 American cities embody a broader critique of President Donald […]

Opinions

What Today’s Bailouts Can Do for Tomorrow’s Economies

Saadia Zahidi GENEVA – Last year, the World Economic Forum’s annual Global Competitiveness Report assessed 141 governments’ future-readiness and found that most rated poorly on this and other crucial long-term indicators. Yet now that the pandemic-induced lockdown is wreaking havoc on the global economy and exposing the inadequacies of many institutions, an era of bigger – and […]

Africa Opportunities

On-site solar can spur post-Corona rebound in Africa

Businesses in Africa suffer from the world’s highest costs of electricity. Rooftop and ground mounted Solar PV on the user’s site can slash industry’s energy costs, improve their competitiveness and create hundreds of thousands of jobs, but government regulations are holding investments back. Terje Osmundsen* The Coronavirus pandemic has left Africa’s economies bleeding. After 25 […]

Opinions

The Great Debt Cleanup

Daron Acemoglu BOSTON – With more than $7.5 trillion owed to external creditors, emerging economies’ debt-service costs are becoming increasingly onerous just when they need as much fiscal space as possible to confront the COVID-19 crisis. While there is a strong case for canceling much of this debt, many key players oppose doing so, arguing that it would limit […]

Africa ICT

Internet Society Report Highlights Opportunity to Advance Digital Economy in Africa

Internet Exchange Points play critical role in expanding Internet access and lowering connectivity costs in Kenya and Nigeria A new report published today by the Internet Society explains the steps African countries can take to bring faster and less expensive Internet connectivity to the continent. The report illustrates how better connectivity represents a key opportunity […]

Industry Opinions

Reviving the WTO

Ngozi Okonjo-Iweala WASHINGTON, DC – The World Trade Organization is in the news mostly for the wrong reasons nowadays. Many people regard it as an ineffective policeman of an outdated rulebook that is unsuited for the challenges of the twenty-first-century global economy. And WTO members generally agree that the organization urgently needs reforming in order […]