Ethiopia set to increase gold production by 10 tons
The Ministry of Mines of Ethiopia said the country’s gold production will soon increase by 10 tons when there gold mining companies go operational.
Following forex liberalization Ethiopia set to access IMF’s $345 million
BY YANET FANTAYE WOGAYEHU – As part of the recent four-year US$ 3.4 billion Extended Credit Facility (ECF) arrangement reached between the International Monetary Fund (IMF) and the Government of Ethiopia, the…
Africa Finance Corporation, Itana set to develop digital economic zone
Itana, Nigeria’s first licensed digital economic zone management company, and Africa Finance Corporation (AFC), have agreed to jointly develop the first digital economic zone in Africa.
UNICEF to supply mpox vaccine to 77 countries
UNICEF has signed an agreement that secures supply of the MVA-BN mpox vaccine at the lowest market price and ensures access to the vaccine for 77 low- and lower-middle-income countries.
Control Risks, Oxford Economics launch Africa Risk-Reward Index
Control Risks, the global investment risk assessment agency, and its economics consulting partner, Oxford Economics Africa, launch of the ninth edition of the Africa Risk-Reward Index highlighting key opportunities and challenges.
US promotes journalism education in Ethiopian universities
The Government of the United States of America promoted ethical journalism education in various Ethiopian Universities.
New digitization initiative set to benefit Ethiopian youth
A new, two-year USD 2.7 million (€2.4 million) initiative aimed to empower Ethiopian youth through technology and digitized youth services is launched by the United States Agency for International Development (USAID), Vodafone…
African Development Bank grants $67 million to Madagascar
The Board of Directors of the African Development Bank Group this week approved a loan of $67.3 million to Madagascar to implement the first phase of its economic growth-inducing Financial Management and…
Insecurity, funding gap challenge WFP operations in Ethiopia
BY YANET FANTAYE WOGAYEHU – The UN World Food Program (WFP) said its operations in Ethiopia is being challenged by funding gap and insecurity that resulted in the killings of 8 humanitarian…
Impact of Ethiopia’s IMF-backed forex floating on consumer
BY YANET FANTAYE WOGAYEHU – As Ethiopia grapples with rising inflation and internal conflicts, consumers are closely watching for signs of relief following the government’s July decision to introduce a floating foreign…
IMF completes credit facility arrangement with Sierra Leone
An International Monetary Fund (IMF) and the Government of Sierra Leone reached a new 38-month Extended Credit Facility (ECF) arrangement, with requested access of SDR 187 million (about US$253 million).
WTO members seek fresh momentum for agriculture talks
At the first negotiation meeting on agriculture following the summer break on 18 September, WTO (World Trade Organization) members discussed the way forward for the farm talks.
Libya-Italy to showcase Italian construction role
The Libya-Italy roundtable and VIP networking evening scheduled in Rome on September 23 is set to showcase Libya’s current infrastructure drive and the role for Italian construction and engineering firms in the…
USAID boss urges donors to help flood-affected in Africa
BY YANET FANTAYE WOGAYEHU – Stressing that the United States has been providing humanitarian assistance to the population affected by flooding in West and Central Africa, Administrator of United States Agency for…