Moritz Kraemer FRANKFURT – Since the COVID-19 crisis began, the specter of sovereign default has loomed over developing economies. Many sovereigns are so afraid of losing market access that they are unwilling to address debt-sustainability problems. Yet a clear-eyed look at the impact of the COVID-19 crisis, together with the fiscal and financing realities for […]
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Stanbic Bank Improves the Agent Banking Platform with a New Money Transfer Service
Stanbic Bank Uganda (SBU) has unveiled a new money transfer service on their Agent Banking platform to allow both banked and non-banked population to send money and receive money on any mobile number using agents. This is in a bid to promote safety and convenient transfer of funds this festive season. John Kaweesi, the Head […]
Huawei AirPON to Accelerate African Fibre Broadband Connections
JOHANNESBURG, December – The recent AfricaCom virtual technology event saw Huawei launch its innovative AirPON solution, which reuses existing wireless sites to build full-fibre access networks for operators quickly and at low cost. Fibre broadband has come to be seen as an essential service, especially during the Covid-19 period, with strong demand for FTTH (Fibre […]
Is Covid-19 The Last Nail in The Minimum Wage “Coffin”? What is The Way Forward for Economic Recovery from The Pandemic for Uganda?
Even in good times, minimum wage policy is not easy to enforce. Minimum wage legislation may be good politics but it is questionable whether it is good economics especially in the context of neoliberal economic ideology. It just simply has too many ramifications. It may be precisely for this that the President, in his discretion […]
Ant Group’s Long March
Shang-Jin Wei NEW YORK – The Chinese fintech conglomerate Ant Group, known for its digital payments and other online financial services, has just been stopped in its tracks, after Chinese regulators suspended its simultaneous public listing, originally scheduled for November 5, on the Hong Kong and Shanghai Stock Exchanges. The suspension is possibly in response […]
Ethiopian Airlines opens new passenger terminal at Addis Ababa Bole Airport
Ethiopian Airlines Group has announced that it has successfully completed a new passenger terminal at its hub Addis Ababa Bole International Airport with emphasis on Bio Security and Bio-Safety measures. The new terminal has check-in hall with sixty check-in counters, thirty self-check-in kiosks, ten self-bag drop/SBD/, sixteen immigration counters with more e-gate provisions, sixteen central […]
How the Pandemic Can Revolutionize Climate Policy
Roland Kupers AMSTERDAM – Economists have long dominated climate-policy debates, but have scant results to show for it. As with the ongoing global fight against the coronavirus pandemic, our best hope for tackling the climate crisis may instead lie with systems science. By better understanding how networks function, we can design policies that harness them […]
Uganda registers its 12th COVID 19 death
Uganda has registered its 12th COVID 19 related death according to the Ministry of Health. The dead person is a 65-year-old male, a resident of Kampala. He was admitted in Nsambya hospital and later transferred to China-Uganda Friendship hospital after developing signs and symptoms consistent with COVID19. According to the Ministry of Health, the patient […]
Somalland, Taiwan Diplomatic Partnership Has Created A Ruckus Like No Other.
From a simple visit by the Somaliland foreign minister Yasin Haji to Taiwan capital Taipei which was followed by an agreement by the two governments to set up embassies in their separate capitals and followed by a statement by the United States has hailing the newly found diplomatic relationship between and describing it as a tremendous step, […]
JACK MA FOUNDATION’S AFRICA NETPRENEUR PRIZE INITIATIVE (ANPI) SELECTS TOP 50 FINALISTS OF 2020 “AFRICA’S BUSINESS HEROES” COMPETITION
Top 50 finalists were selected from over 22,000 applications across all 54 African nations The finalists represent 21 African countries, half are female, and work in 18 sectors like agriculture, AI, e-commerce, fashion, healthcare, renewable energy and ICT Finalists will advance to the next round of selection and will participate in an exclusive virtual boot […]
Lawyering in Crisis: African countries among innovation leaders against COVID-19
There have been 192 innovations directed at COVID-19 from Nigeria alone, as well as more than 90 from South Africa ABIDJAN, Ivory Coast, June 4, 2020/ — African innovators have shown creativity and ingenuity in finding solutions to fight the COVID-19 pandemic, but face legal barriers to safeguarding their intellectual property. There have been 192 […]
The “new normal’ is an opportunity to be more creative, innovative
Johannesburg, 03 June 2020: One thing is certain, and that is that the COVID-19 pandemic has shone an uncomfortable spotlight on how challenging it can be for businesses of every size, and across every industry, to continue with business during times of crisis. “So much has happened over the last three months since we’ve been […]
Emerging Economies Need New Finance, Not Moratoriums
By Mauricio Cárdenas BOGOTÁ – Many are calling for a temporary moratorium on all debt repayments by developing and emerging economies, in order to prevent the COVID-19 pandemic from triggering a tsunami of sovereign defaults. Rather than waiting passively until debtors stop meeting their obligations, the argument goes, creditors would be better off agreeing now […]