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 […]
KCB Bank Kenya has injected over KShs. 120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to the energy sector. The Bank has been facilitating oil importation into the country by financing the oil firms under its portfolio that have won business under the Open Tender System […]
Gene Frieda, LONDON – Thirty years ago, on September 16, 1992, currency speculators forced the British Government to abandon the commitment of pound sterling to the European Exchange Rate Mechanism. In the days that followed “Black Wednesday,” sterling subsequently lost 15% of its value. By early 1993, it had lost almost one-third of its value. […]
Mariana Mazzucato, LONDON – The pandemic is not over. While the summer of 2022 is very different from the summer of 2020, because we now have vaccines, treatments, and a better understanding of the virus, it’s not enough. Every week, 15,000 people still die from COVID-19. Poorer countries still struggle to deploy vaccines, tests, diagnostics, and other […]
Addis Ababa, 13 September 2022. Ethiopian Airlines Group, the largest aviation group in Africa, has completed the first phase of its In-Terminal Hotel construction. In a continuous effort to ensure the convenience and comfort of passengers, crews and airlines using Addis Ababa as a hub, the In-Terminal Hotel construction began in December 2020. The Hotel is […]
The field of robotics, and in particular the usage of collaborative robots (cobots) in production environments, has enormous benefits for the manufacturing industry. More and more businesses are now incorporating cobots in manufacturing and how they might alter their operations by increasing productivity. With frequently contradictory results, too many manufacturers are only investing in cobots […]
Dani Rodrik, CAMBRIDGE – Our world is undergoing an economic transition that will require effective government action on many fronts to manage climate change, ensure public health, and rebuild our middle classes through good jobs and innovation. But are our governments up to it? There is near-universal skepticism about governments’ ability to lead and achieve […]
Kampala, Uganda 9th September 2022: The Board of the Uganda Railways Corporation has been inaugurated by the Minister of Works and Transport Gen. Edward Katumba Wamala. The event took place today, Friday, 9 September 2022 at the Ministry of Works and Transport headquarters in Kampala. The board composed as follows; Hannington R. Karuhanga - Chairperson […]
Samuel Nabwiiso, East African private sectors players have urged governments in the EAC economic block to fast-track the harmonization of East African Standards. The regional business communities made the appeal during the East African Business Council and Trade mark East African ( EABC-TMEA) public private engagement on standards held in Dares Salaam, Tanzania recently. According […]
Shang-Jin Wei, NEW YORK – The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an unnecessary recession. This scenario can still be avoided, but the window of opportunity is closing. Aggressive interest-rate increases designed […]
Nairobi, Kenya, September 7, 2022—KCB Bank Kenya and IFC have signed a partnership that will help catalyze the growth of climate finance in Kenya by increasing support for businesses addressing climate change. IFC will extend a $150 million loan to KCB Bank Kenya to fund the growth of the bank’s climate finance portfolio, with a […]