How Ethiopia gets Korean development model wrong
By Andualem Sisay Gessesse, Busan, South Korea [OPINION] – During the 53rd annual meetings of the African Development Bank Group I got the opportunity to see the beautiful city of Busan in…
Ethiopian Airlines set to link Africa with Indonesia
Ethiopian Airlines announce that it set to launch thrice weekly flights to Jakarta, Indonesia. The new service that will commence on July, 2017 will for the first time connects African continent with…
CPJ urges Puntland to release detained journalist
The Committee to Protect Journalists (CPJ) urges authorities in Puntland, a semi-autonomous region in Somalia, to immediately release journalist Ibrahim Obo Daud, also known as Suldan Godogodo.
Government role crucial for industrializing Africa, AfDB says
By Andualem Sisay Gessesse, Busan, Korea – If African countries have to replicate the industrialization development model of Japan and Korea, which have managed to develop their manufacturing industries in short period…
AU says intra-Africa trade key for development
Boosting intra-Africa trade is the most effective way to bring economic growth and development to the continent, says African Union Commission Deputy Chairperson, Ambassador Kwesi Quartey.
Morocco agribusiness gets EUR 200 million
The Board of Directors of the African Development Bank has approved EUR 200 million loan to support inclusive and Sustainable Development of Agricultural Value Chains in Morocco.
UN advises Ethiopia to pursue deeper regional integration
A country report by the United Nations Economic Commission for Africa (UNECA) on Ethiopian economy advised the country for a policy priority that focuses on deeper regional integration.
Liberia’s small enterprises secure $20 million funding
The African Development Bank (AfDB) is to provide $20 million to boost lending to small and medium-sized enterprises in Liberia, the Bank said after approving the funding on Wednesday.
Ethiopia investigating corrupt officials, tracking stashed money abroad
Ethiopian government is conducting investigation of corrupt government officials, who are suspected of being engaged in elicit financial outflows and stashing stolen money of the country in offshore banks and investments.
Continental bank bans Robert Akika Ngong for fraudulent practice
The office of Integrity and Anti-Corruption of the African Development Bank (AfDB) found Ngong to have engaged in a fraudulent practice in the context of a consultancy engagement with the institution, AfDB…
Ethiopia promises to ratify African Continental Free Trade area deal
During the official opening of the 51st African Conference of Ministers responsible for economy development on Monday, Dr. Abiyi Ahmed, the Prime Minister of Ethiopia, said his country will ratify the African…
Angolan farmers secure funding to improve food security
A new financial agreement, signed today between the International Fund for Agricultural Development (IFAD) and Angola, is to boost food and nutrition security among some 8,000 Angolan rural households in Benguela, Cunene…
Partners to solve Africa’s $331 billion SME Finance Gap
The International Finance Corporation (IFC) and Small and Micro Enterprises (SME) Finance Forum propose a solution that will solve Sub-Saharan Africa’s small and medium enterprises (SMEs) $331 billion gap.
Guinea set to improve 65,000 rural households incomes
The International Fund for Agricultural Development (IFAD) and the Government of Guinea signed a new financial agreement today to help more than 65,000 rural households raise their incomes, improve their diets and…