OPINION | Dorah Kahunde | Two key words have taken the corporate world by storm; Sustainability and ESG (Environment Social Governance). Many organizations globally are working towards attaining sustainability certifications by implementing environmentally friendly practices as well as ensuring they have airtight corporate governance structures by engaging in, sponsoring and supporting activities …
Read More »UNCTAD urges reforms on global debt architecture
Kampala, Uganda | THE INDEPENDENT | The UN Trade and Development organ-(UNCTD) has called for urgent reforms to the global debt architecture to avert a widespread debt crisis among developing countries. In a report released this week, United Nations Conference on Trade and Development (UNCTAD) outlines a set of recommendations to …
Read More »High growth, low volumes: Africa’s SCF problem
UNCTAD says optimising Africa’s supply chains could bring significant rewards as demand for consumer technology and renewable energy increases Kampala, Uganda | THE INDEPENDENT | The growth rate of Africa’s supply chain finance (SCF) market far outstripped the rest of the world last year, but uptake remains hampered by a lack …
Read More »UN: Africa can become participant in global supply chains by harnessing rich minerals
Nairobi, Kenya | Xinhua | Africa can become a major participant in global supply chains by harnessing its abundant minerals that are needed by high-technology sectors, the UN said in a report released in Nairobi, the Kenyan capital, on Wednesday. The report by the UN Conference on Trade and Development …
Read More »UNCTAD calls for clean energy investments in LDCS
Kampala, Uganda | THE IDEPENDENT | The United Nations Conference on Trade and Development (UNCTAD) says developing countries need urgent support to enable them to attract more investment for their transition to clean energy. UNCTAD’s World Investment Report 2023 published this week shows that much of the growth in international investment …
Read More »UN trade body urges actions to curb cryptocurrencies in developing countries
United Nations | Xinhua | The UN Conference on Trade and Development (UNCTAD) called for actions to curb cryptocurrencies in developing countries in three policy briefs published on Wednesday. While private digital currencies have rewarded some, and facilitate remittances, they are an unstable financial asset that can also bring social risks …
Read More »Uganda fails to host major summits
No funding for NAM and G77 gatherings- parliament report Kampala, Uganda | IAN KATUSIIME | Two major international summits that were meant to happen in Kampala in the next one year will not happen after government failed to allocate them funding. The summits are the Non Aligned Movement (NAM) and …
Read More »New female leaders in int’l trade inspire women to enter the game
WTO members made history February 15, 2021 when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General Geneva, Switzerland | Xinhua | One week into her new job as the seventh director-general of the World Trade Organization (WTO), Ngozi Okonjo-Iweala’s appointment as head …
Read More »UN urges Africa to develop clear competition rules for AfCFTA to boost trade
Nairobi, Kenya | Xinhua | The UN on Thursday urged Africa to develop clear competition and consumer protection rules for African Continental Free Trade Area (AfCFTA) in order to boost trade. Mukhisa Kituyi, secretary general of United Nations Conference on Trade and Development (UNCTAD) told a trade forum in Nairobi that …
Read More »Cross-border informal exports fall by 99%
Kampala, Uganda | THE INDEPENDENT | Small-scale traders operating around Ugandan borders have suffered one of the biggest tumbles with coronavirus bringing their operations to near zero, official figures show. The scale of the impact is shown in the figures compiled by the Bank of Uganda in March, April and …
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