Our world today is dealing with a crisis of monumental proportions. The vicious, novel coronavirus is wreaking havoc across the globe, destroying lives and ruining livelihoods. The primary cost of the pandemic as seen in the loss of human lives is distressing, but the secondary effects on the global...
With the emergence of the current pandemic ravaging the world, the various sectors of economies all over the globe have not been the same. Countries all over the world are struggling to institute measures to mitigate the impact of the pandemic. Consequently, the entire world has gone online and...
ATHOUR: K Y AMOAKO
PUBLISHER Africa World Press, Trenton, New Jersey, 526 pages
The World Bank’s operational culture carved for it an austerity and project development image. A core of economics- enhancement of humanity through wars against poverty was seemingly secondary. Political economic choices- the reality of guerrilla fighters in power,...
Fast growth in e-commerce sales to consumers and cross-border purchases
More than 1.4 billion people shopped online in 2018
US, China and UK dominate e-commerce sales to consumers
E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the latest available estimates released today by...
African countries have fewer coronavirus cases than much of the world, but weaker healthcare systems do put the continent at risk.
Lockdown measures can help prevent the virus spreading, yet governments have taken very different approaches to imposing restrictions on their populations.
Are any countries lifting restrictions?
Some, like Ghana, are now...
Renewable energy sources, especially solar, are ideal for meeting Africa’s electrical power needs
About half of sub-Saharan Africa’s population today does not have access to electricity. Those who do have electricity pay on average nearly twice as much as consumers elsewhere in the world. Power shortages cost the continent...
The oil majors are facing a financial vice like they never have before.
With oil prices hovering around $20 per barrel and no end in sight for the global pandemic, the financial pain has only just begun. Norway’s Equinor became the first large oil company to cut its dividend, slashing it...
International Brent Crude plummeted momentarily on Tuesday, April 1, the lowest since 21 years ago but recovers a day after to hover around US$20 a barrel. As the novel Coronavirus lockdown grind down many facets of our lives i.e. a grounded airline industry, a drowning hospitality sector, a quandary...
There is one certainty in this uncertain time; no country will come out unscathed by the coronavirus pandemic. The virus has placed a mandatory injunction on human activities, virtually slumping a brake on the world economy. The two devastating prongs of covid-19 —first a toll on countries health systems,...