Africa’s economic performance improves in 2017
Africa’s economic outlook improved in 2017 compared with 2016 and is expected to gain momentum in 2018.
European Investment Bank provides $100 million equity fund to Ethiopia
The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new $100 million Cepheus Growth Capital Fund, the Bank said.
Africa launches Immunization Campaign.
As the world celebrates the International Day of the Girl Child, organizations in over ten countries launch the 33 Days to Power Up Immunization Campaign.
Sweden, UNICEF launch program to help Ethiopian Women, Children
The Government of Sweden provided $9.2 million to UNICEF Ethiopia in support of a national integrated safety net system for the most vulnerable women and children in both rural and urban parts…
Africa advised to avoid grants, aid
African countries should lay far less emphasis on grants and aid in order to pull themselves out of poverty, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said in New…
Ethiopia devaluates birr by 15%
Ethiopian government announced its national currency, the birr, by 15% effective Wednesday, October 11, 2017, the National Bank of Ethiopia (NBE) said.
Investing in climate-resilient agriculture eradicates malnutrition – report
Investing in climate-resilient agriculture not only improves food security but contributes to eradicating malnutrition, according to the findings of a new report from the International Fund for Agricultural Development (IFAD).
Radisson Blu to open third hotel in Ethiopia
The Carlson Rezidor Hotel Group, one of the fastest growing hotel companies in the world, adds another iconic Radisson Blu hotel in Ethiopia, in the city of Bishoftu.
Dangote tells investors to produce the entire value chain
At the Financial Times’ 4th annual Africa Summit at Claridges in London, Africa’s most successful business leader Nigerian Aliko Dangote, told investors to produce the entire value chain.
Facebook gets behind African entrepreneurs
Facebook announces a week-long celebration of activities as part of its sponsorship of TechCrunch’s Startup Battlefield Africa 2017.
Off-grid Solar set to triple in Africa
A new report has confirmed that Solar is now the fastest growing energy source in the world, and is making a major impact in Africa.
DHL, MallforAfrica partner to expand cross-border e-commerce
DHL Express, the world’s leading international express services provider recently announced its partnership with MallforAfrica, the award-winning global e-commerce company, which will facilitate selling of made-in-Africa products to customers in the United…
AfDB issues Light Up and Power Africa Bond
The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for SEK 733 million (approximately JPY 10 billion) sold to the Dai-ichi Life Insurance Company, Limited, the…
Hilton launches Africa Growth Initiative
Hilton allocates $50 million over the next five years towards the Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio.