By Ali Ssekatawa, The assertion that Uganda got a bad deal from the oil and gas projects and will only earn $5 per barrel is not only factually wrong but does not make logical sense. Mr. Hussein Lumumba Amin ignorantly mixes up the economics of the upstream with the midstream. To understand the Government’s expected […]
Guy Edwards and Benjamin N. Gedan, WASHINGTON, DC – Relations between the United States and much of Latin America are recovering after hitting rock bottom under former US President Donald Trump. But while President Joe Biden’s administration is focusing on the Central American migration crisis, it must not miss the opportunity to drive urgently needed climate action […]
Isabelle Mateos y Lago, LONDON – Nearly everywhere one looks nowadays – newsrooms, corporate manifestos, and government agendas – climate change has moved from the fringe to center stage. And central banks, after long-standing on the sidelines, have recently begun to play a starring role. The Bank of England, for example, just became the first […]
Mariana Mazzucato, LONDON – The development of COVID-19 vaccines in less than a year was clearly a major achievement. But the rollout has been far from perfect. In the United States, Operation Warp Speed met its manufacturing targets but stumbled in coordinating initial shipments. The plan neither prioritized vaccine recipients according to need nor did […]
Somaliland has called on the international community to delink the country from the political and economic disarray in Somalia occasioned by the failure of the latter to hold its elections early this year. In a statement, Somaliland reiterated it is not part of the government of Mogadishu and will continue to chart its political direction […]
Nouriel Roubini, NEW YORK – There is a growing debate about whether the inflation that will arise over the next few months will be temporary, reflecting the sharp bounce-back from the COVID-19 recession, or persistent, reflecting both demand-pull and cost-push factors. Several arguments point to a persistent secular increase in inflation, which has remained below […]
Daron Acemoglu, BOSTON – US President Joe Biden’s spending plans have been grabbing headlines, and rightly so. The administration’s relief package and infrastructure plan could remake the US welfare state by bolstering the social safety net and increasing spending on transportation, broadband, and education. But with US government spending likely to remain high after the […]
Eric Xu, Huawei’s Rotating Chairman said Huawei is optimizing its portfolio to boost business resilience to cope with the uncertainty brought by geopolitical tension, the resurgence of COVID-19, and US bans. Eric Xu made the statement when delivered a keynote speech at the company’s 18th Global Analyst Summit. More than 400 people, including industry and […]
Kigali, 14 April 2021: The Pan-African Farmers Organization (PAFO) and the Alliance for a Green Revolution in Africa (AGRA) have signed a cooperation and partnership agreement to strengthen the capacities of African farmers’ organizations to ensure that they provide effective services to smallholder farmers, especially women and youth. The agreement will see AGRA supporting Farmers’ […]
Diane Coyle, CAMBRIDGE – Friends of mine who work in the arts and humanities have started doing something unusual, at least for them: poring over data. This is due to the pandemic, of course. Every day, they check COVID-19 case numbers, how slowly or quickly the R factor is declining, and how many people in our area […]
Power distributor Umeme has reached out to customers about the recovery of electricity arrears for the benefits enjoyed by some customers in December 2020. Peter Kaujju, the Head of Communications at Umeme, explained that in December 2020, some customers received more units (excess credit) than they paid for or were charged double standard service fees. […]
According to the government’s power development plans, the next decade will see many new solar PV and wind power plants added to the national grid. This new capacity would support in supplying the country’s growing electricity demand, resulting from the continued economic growth and broadening electrification targeted under Vision 2030. The growth of these renewable […]
Carl Folke, STOCKHOLM – If the COVID-19 pandemic has taught the world one thing, it is the high price we pay – in lost lives, damaged economies, and wasted human potential – when we undervalue resilience. By applying this lesson, we can bolster our ability to weather future shocks. Over the last few centuries, societies […]