The COVID-19 crisis has disrupted social and economic activities across the globe. Experts have argued that COVID-19 is not only a health crisis but also an economic crisis. As part of the financial ecosystem, the RCBs are also susceptible to negative effects of COVID-19.
Given that RCBs are going concern...
Last week, we examined the need for continued assertiveness by bank staff despite the changing scenarios in banking under the new normal. Once again, I wish to emphasize the appreciation of readers to differentiate assertiveness from aggressiveness. When a person acts aggressively, they ignore the feelings of others and...
Here’s how we ensure Africa avoids that fate
Whether it's due to war, historical inequality, or racism, Black communities globally are most likely to suffer due to Covid-19 regardless of geography. In the United States, coronavirus has killed black and Latino people in New York City at twice the rate...
British Prime Minister Boris Johnson’s decision to merge the United Kingdom’s Department for International Development (DfID) with the Foreign and Commonwealth Office is a deliberate slap in the face to developing countries. Worse, it comes just when African countries are crying out for international support to fight COVID-19 and...
Oil producing nations with a high average fiscal break-even, but also oil traders have been caught off guard by the plunge in oil prices this Spring.
Oil nations are forced to diversify faster or face the consequences.
The world’s largest oil trader has seen its first-quarter net profit...
Retrogressive teams are usually characterized by a lack in MOI, which is an acronym for Motivation, Organization and Information.
A lack of energy and drive can be detrimental to teams right after formation, considering that motivation is spawned in stages, team leaders should invest time and effort into keeping energy...
Across Africa the news that a former colonial power, the UK, is to take a more strategic, political, hard-nosed approach to the way it spends its overseas aid budget, has been greeted with a mixture of frustration and cynicism.
In announcing a merger between the Foreign Office (FCO) and the...
It is an undeniable fact that the current COVID-19 pandemic has produced retrogressive effects on all spheres of economic endeavors. Like the celebrated American Judge Benjamin Cardozo stated “danger invites rescue”. The cry of distress is the summons to relief and a burden has been placed on all policymakers...
The World Trade Organization is in the news mostly for the wrong reasons nowadays. Many people regard it as an ineffective policeman of an outdated rulebook that is unsuited for the challenges of the twenty-first-century global economy. And WTO members generally agree that the organization urgently needs reforming in...