In the aftermath of this development, Ugandan authorities have been consistently insisting on three issues: The grace period is yet to expire and that the Ugandan government is confident of not defaulting on any obligations on repayment; that the terms of the loans are semi-concessional in nature and in line with Uganda’s infrastructure financing programme; and in the interest of transparency, the government has made the loan agreement available to the members of the Parliament.
11 December, 2021
Apart from flagging the threats of China’s model of engagement with developing countries, the US and other countries have not been able to provide any tangible alternatives (US has sought to further increase its outreach vis-à-vis Africa in recent years, and it seeks to increase economic engagement under the umbrella of the Indo-Pacific.
9 December, 2021
Russia has to upgrade or scale up its collaborative engagement with Africa. It has to consider seriously launching more public outreach programmes, especially working with civil society to change public perceptions and the private sector to strengthen its partnership with Africa. In order to achieve this, it has to surmount the challenges, take up the courage and work consistently with both private and public sectors and with an effective Action Plan.
8 December, 2021
China holds 17.7% of the world’s total wealth, the second largest share held by any country. It has the world’s largest banking sector, with assets of $40 trillion and the world’s top 4 largest banks all being in China. In 2019, China overtook the US as the home to the highest number of rich people in the world, according to the global wealth report by Credit Suisse. It has the highest number of rich people in the world’s top 10% of wealth since 2019. There were 658 Chinese billionaires and 3.5 million millionaires.
28 November, 2021
In August 2020, Russia was the first country to announce the development of a COVID-19 vaccine. Since then, a relentless publicity blitz has promoted the attributes of the Sputnik V vaccine. However, Sputnik V has struggled to gain mass acceptance inside Russia, let alone in other countries where it is marketed as an alternative to vaccines developed by Western and Chinese pharmaceutical firms.
24 November, 2021
In most coverage, Gates’s donations are broadly presented as altruistic gestures. Yet many have pointed to the inherent flaws with this model, noting that allowing billionaires to decide what they do with their money allows them to set the public agenda, giving them enormous power over society.
22 November, 2021
Another annual international conference on the climate crisis ended on November 13 in Glasgow, Scotland where a contentious debate over the final document revealed fundamental differences on key issues.
18 November, 2021
It was De Klerk who began to take the screws out of the edifice of apartheid and open the pathway to negotiations with other parties. Serving in the governing white National Party, which had introduced apartheid in 1948, De Klerk held ministerial positions till becoming party head in February 1989. Between 1984 and 1989, he served as education minister, overseeing the notorious Bantu education program.
14 November, 2021
In order to raise the economic influence, Russians have been making efforts to identify a structured finance mechanism for mega infrastructure projects such as nuclear power and energy, natural resources exploration and to significantly increase trade with Africa
11 November, 2021
Sudan, located in the northeast Africa, has deepening economic crisis, so many social and political forces. While some are advocating for developing democracy, others have, under the circumstances, aligned with the military, which has accused the civilian governing parties of mismanagement and monopolizing power.
3 November, 2021
