African Development Bank finances African Export–Import Bank
The African Development Bank (AfDB) is set to provide $450 million to the African Import – Export Bank (Afreximbank). The money will go to trade facilitation and financing in Africa.
Uganda, Kenya secure funding for major road construction
Uganda and Kenya secured a total of $253 million from the African Development Bank Group (AfDB) for a major road construction.
South Sudan agree to join African Export-Import Bank
The youngest country in Africa, South Sudan, becomes participating country of the continental financial block – the African Export-Import Bank – also known as Afreximbank.
Ethiopia gets national public health training center
Ethiopia gets its first national public health training center built by the finance from the United States government.
Burundi, Rwanda and Tanzania commence 80 MW hydroelectric construction
Burundi, Rwanda and Tanzania today witnessed ground-breaking ceremony for construction of the 80 MW Regional Rusumo Falls Hydro-electric Project.
Partners improve state of nutrition of people living with HIV/AIDS in Ethiopia
The partnership between the United Nations World Food Programme (WFP) and United States Agency for International Development (USAID) is said has resulted in the improvement of the state of nutrition of people living…
South Africa, Ethiopia Airlines to commence partnership summer 2017
Ethiopian Airlines and South African Airways are set to launch their partnership as of Summer 2017.
Experts discuss health financing of Africa
At a meeting in Dakar, Senegal, Africa’s health experts on Saturday discuss health financing and social protection.
UN agency launches country profiles of 21 African nations
The United Nations Economic Commission for Africa (ECA) launched the second generation of its Country profiles. The launching took place on Saturday in Dakar, Senegal on the sideline of the African Development…
Ethiopia gets first chocolate factory
Haredo LLC chocolate company announced the completion of its around $5 million investment (110 million birr) brand new factory at the Tatek Special Industrial Zone in West Shewa, Oromia of Ethiopia.
Profit shifting companies steal $1.1 billion annualy from Ethiopia – report
Ethiopia loses over $1.1 billion every year by profit shifting companies, a new report reveals. The new individual countries level global tax loss estimates released today by the Tax Justice Network, shows…
Marriott introduces new hotel brand in Mauritius
Marriott International, Inc. is set to launch a new hotel brand – Aloft- in the capital city of Mauritius – Port Louis. The global hospitality chain signed agreement today to open its…
African energy ministers gather in Togo
The Ministerial segment of the African Union’s first Specialized Technical Committee (STC) on Transport, Intercontinental and Interregional Infrastructures, Energy and Tourism brought together over 40 Ministers from the concerned sectors in Lomé,…
Experts gather in Lagos for Cashless Africa expo
Experts gather to discuss the future of finance in Lagos, the economic hub of Nigeria at the Cashless Africa expo. The expo, which attracted more than 35 speakers from 30 countries, is…