Ethiopia expects 47% tax revenue increase this year
BY ANDUALEM SISAY GESSESSE – The total tax income of Ethiopia for the current year will increase by 47% compared to the previous year, says Ethiopian Revenue and Customs Authority (ERCA).
World Bank predicts African economy to grow by 3.2% in 2018
The World Bank forecasts Africa’s average economic growth to rise to 3.2 percent in 2018 and to 3.5% in 2019. The growth is expected as a result of improving commodity prices and…
Africa gets 48,000 babies on new year eve
Approximately 48,000 babies born in the Eastern and Southern Africa region on New Year’s Day, the UN Children’s Fund (UNICEF) said today.
African Export-Import Bank finds partner to finance intra-Africa trade
African Export-Import Bank (Afreximbank) signed a $100-Million agreement and a EUR 50-Million Murabaha agreement with a partner aiming to facilitate and finance exports amongst African countries and between Africa and the rest…
Djibouti Africa regional express submarine cable goes operational
Djibouti Telecom and its partners announced implementation commencement of the supply contract for the Djibouti Africa Regional Express (DARE) submarine cable system with TE SubCom as supplier.
African Development Bank finances Kenya’s airport expansion
The African Development Bank (AfDB) approved a $160 million loan for the expansion of Jomo Kenyatta International Airport (JKIA) of Kenya following the efforts being made by Kenya’s government to make Nairobi an…
Shore Capital Fund III secures $15 million to support inclusive growth in Africa
The African Development (AfDB) has approved a $15 million investment in Shore Capital Fund III, a multinational Private Equity Fund.
AccorHotels set to operate Nairobi’s Tune Hotel
AccorHotels, the global hotel chain, announced today the signing of a management agreement to operate the currently branded Tune Hotel Westlands, Nairobi and re-launch it under the ibis Styles brand.
Global economic spirits riving, research says
Nearly a decade after the worst economic downturn since the Great Depression, a new Pew Research Center survey finds global economic spirits are reviving.
Ethiopian Airlines, NGOs partner for humanitarian flight
Ethiopian Airlines partnered with Boeing and three non-profit organizations to deliver 6.5 tons of humanitarian aids for St. Paul’s Hospital and Bihar Dar University College of Medicine & Health Sciences.
Number of migrant children travelling alone increases, says UNICEF
The global number of refugee and migrant children moving alone has reached a record high, increasing nearly five-fold since 2010, UNICEF said in a new report.
Experts set to discuss Africa’s maritime sector
Experts from Africa and beyond are set to discuss Africa’s maritime sector in Abidjan, Côte d’ Ivoire next month.
Meeting calls for green transformation of African economy
A meeting on Sustainable Development calls for a green transformation of African economy and an industrialization that doesn’t harm environment.
Food security at center of African Development Bank annual meeting
Prioritizing agriculture for its role in poverty reduction, overcoming hunger and food insecurity, the African Development Bank (AfDB) Group said its annual meeting in India will focus on food security in Africa.