Ghana has designated 2019 as the Year of Return to commemorate 400 years since the first enslaved Africans arrived in Jamestown, Virginia in the United States. The government has been running a massive marketing campaign targeting African Americans and the diaspora, and various events have been arranged. The focus has been on memorialising the liberation from slavery. But it has also served as a marketing exercise to popularise Ghana as a tourism destination with Trans-Atlantic trade appeal.
Would you send your child to a school named after a cigarette brand? What if it was one of only two schools in your area and boasting far better infrastructure? What if the school also had an inspirational slogan such as “genius is from hard work, tobacco helps you excel” on a sign or its walls, and a tobacco company’s logo on its building? Would you care if the school was built by a tobacco company?
As a member of the Expert Panel on Sustainable Finance, we recently published our final report on mobilizing financial services to support Canada’s economic prosperity through the global transition to cleaner growth.
“You don’t negotiate with China!” I was quickly told when I started interviewing African public servants about their infrastructure deals with Beijing. There is a widespread view in Africa that you accept whatever terms are offered, for fear that the money might go somewhere else instead.
Challenge prizes – which offer a cash incentive to those working to solve a particular problem – are becoming a force for change by allowing entrepreneurs and innovators, often overlooked by existing grant and procurement systems, to develop solutions to the world’s greatest problems.
The picture in South Africa is a bleak one for the average 15 – 24 year old. Many have finished their schooling with a qualification of little value in the eyes of employers. And they lack the basic skills that employers now need. The result is that a staggering 39,6% (narrow definition) or 55,2% (expanded definition which includes those who have stopped actively looking for work) are unemployed.
Why do people cheat?
When we hear that a poor person scammed others out of money, we may attribute this behavior to their poverty, rationalizing that the person violated ethics and the law because they needed the money.
The advice to use your head, not your heart, might not be helpful after all.
We all make tough decisions, but choices relating to money send many of us running in the other direction. Unfortunately, ample evidence indicates that aversion toward financial decisions leads many of us to put off things like funding a 401(k), saving at a sufficient rate, or just doing a better job managing our credit card debt. All of these things can hurt our long-term financial health.
Boeing’s 737 MAX fleet has been grounded by airlines around the world for the last three weeks. First flown commercially in 2017, the 737 MAX is the fourth generation of Boeing’s 737 series and it is actually not unusual for new aircraft to go through technical issues in the early years of operation. Both Airbus’ A380 airliner and Boeing’s Dreamliner were grounded in the past due to technical problems (the A380 had engine trouble in 2010 and the Dreamliner had battery issues in 2014). But the current situation is different on several fronts and could prove costly for Boeing.
For over a decade it’s been widely recognised that rebel financing in the Democratic Republic of Congo is firmly linked to mining.
First discovered by the Belgians in 1904, the Congolese soil harbours a huge amount of precious minerals. Subsequent industrial exploitation of copper and gold became the backbone of first Belgian colonialism and later Mobutu Sese Seko’s kleptocracy.