Razia Khan, the Chief Economist, Africa and the Middle East for Standard Chartered Bank has predicted a robust medium-term economic growth for Uganda – with or without first oil – as the government ramps up infrastructure spending. She says, with the Bank of Uganda’s Composite Index of Economic Activity indicating above-potential growth of 7-8% in […]
Flights into Entebbe International Airport (EIA) were momentarily put on halt this morning after Ethiopian Airlines Boeing -737- 800 flight number ET388 on a regular service from Addis Ababa to Entebbe, Uganda skidded off the runway by a few meters. The incident that happened in the wee hours of 3 January 2019 morning saw none […]
About a decade ago, the Commission on Growth and Development (which I chaired) published a report that attempted to distil 20 years of research and experience in a wide range of countries into lessons for developing economies. Perhaps the most important lesson was that growth patterns that lack inclusiveness and fuel inequality generally fail. The […]
With the New Year celebration only a few days away, what cities are hot with the independent travellers this year? Tokyo, Paris and New York City are the top destinations to ring in 2019 on the global scene, according to the latest report, with more than a third more people opting to get away to […]
Lawrence Masha, the Chairperson of low-cost airline Fastjet has asked the Tanzania Civil Aviation Authority (TCCA) to allow them to resume flights, arguing that their major aim is not to make profits but to work towards settling all debts. “This idea is not geared at generating profits. We want to generate enough cash to settle […]
Uber Uganda has revealed the introduction of injury protection for their clients. “We’re rolling out Injury Protection provided by UAP Old Mutual to provide an added peace of mind to our riders and driver partners in Uganda when using Uber,” read a statement Uber Uganda officials released. Injury protection will apply to all uberX and […]
Forty years ago, on December 29, 1978, the 11th Central Committee of the Communist Party of China released the official communiqué from its third plenary session, launching the greatest economic-growth experiment in human history. In newspeak understandable to CPC insiders, the country’s leaders, channelling the wishes of Deng Xiaoping, announced a series of unprecedented “modernizations” […]
The World Bank and other multilateral institutions are increasingly promoting measures to “de-risk” infrastructure investments in developing countries, in order to make such projects more attractive for international finance. But “de-risking” is a misnomer: any project can be set back by external events, poor design, or mismanagement. At least some level of risk – whether […]
In a bid to increase usage of their digital platforms, Stanbic Bank Uganda has rewarded 24 lucky customers who participated in the 12 days of Christmas campaign with an assortment of digital gifts for using the Bank’s digital platforms. The campaign which kicked off on 4th December and ended on the 19th of December 2018 […]
This month’s United Nations Climate Change Conference (COP24) in Katowice, Poland succeeded in producing a rulebook to implement the 2015 Paris climate agreement. Every UN member state signed on. But that will not be enough to head off climate catastrophe. It’s time to call in the engineers. The diplomatic success at COP24 was remarkable, given […]
Thousands of passengers at one of the UK’s busiest airports were left stranded after drones were seen flying over the Gatwick airport. Two drones at the second-busiest airport in the UK were spotted on Wednesday evening at 9 pm overflying the airfield, prompting flights to be halted. The single runaway was briefly opened at 3:01 […]
Huawei Global Rotating Chairman Ken Hu has said that they have secured 25 5G commercial contracts, ranking them number one in the world and have shipped more than 10,000 base stations already. “Almost all network customers have indicated they want Huawei, as the market leader with the best equipment for at least the next 12 […]
A recurrent topic in the financial press for much of 2018 has been the rising risks in the emerging market (EM) asset, class. Emerging economies are, of course, a very diverse group. But the yields on their sovereign bonds have climbed markedly, as capital inflows to these markets have dwindled amid a general perception of […]