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Africa needs to invest in robust statistics

Africa needs to invest in robust statistics

October 28, 2024

Africa should urgently invest in robust data and statistical systems to accelerate sustainable development, the Director of the Africa Centre for Statistics at the Economic Commission for Africa, (ECA), Oliver Chinganya has…

Road safety and Addis Ababa's sidewalk renovation

Road safety and Addis Ababa’s sidewalk renovation

October 25, 2024

By Mekonnen Teshome – After years of comprehensive study, the World Bank Group and its partners published their results—the “Addis Ababa Sidewalk Safety and Improvement Study”—in 2022. The study showed the various…

COP29 will leave participants with unforgettable memories

COP29 will leave participants with unforgettable memories

October 18, 2024

In an exclusive interview with New Business Ethiopia, Ambassador Ruslan Nasibov, Azerbaijan’s Ambassador to Ethiopia and Permanent Representative to the African Union, shares insights into Azerbaijan’s preparations for hosting the upcoming 29th…

Ghana purchases its first drought insurance policy

Ghana purchases its first drought insurance policy

October 17, 2024

The Government of Ghana has purchased its first-ever sovereign drought insurance policy, taking a significant step towards safeguarding its vulnerable communities and agricultural sector from potential drought.

AfDB to help Nigeria develop eight agro-industrial zones

AfDB to help Nigeria develop eight agro-industrial zones

October 14, 2024

The African Development Bank (AfDB) Group has reached an agreement with participating Nigerian state governments to speed up implementation of a program designed to develop eight new agro-industrial zones in the country.

Ethio Telecom to boost revenue by 75 percent

Ethio Telecom to boost revenue by 75 percent

October 14, 2024

BY YANET FANTAYE WOGAYEHU – The fully state owned telecom service provider, Ethio Telecom says it has planned to boost its annual revenue by about 75 percent (164 billion Birr) at the…

IMF reduces cost of borrowing by 16 percent

IMF reduces cost of borrowing by 16 percent

October 12, 2024

The Executive Board of the International Monetary Fund (IMF) on Friday concluded the Review of Charges and the Surcharge Policy, which can lower IMF borrowing costs for members by 36 percent, or…

British-backed network connects millions in Ethiopia

British-backed network connects millions in Ethiopia

October 12, 2024

A new report published today by British International Investment has revealed that a UK-backed mobile network operator has helped millions of Ethiopians to access superfast 4G mobile internet across the country.