Paylater app reaches one million downloads in Nigeria
In Nigeria, a country of nearly 200 million people, 61% of the adult population is underbanked. Fintech companies…
Congolese police detains ten journalists
Congolese police raided the privately owned television production studio Kin Lartus, detained at least 10 of the studio’s…
UN agency calls for Africa’s pharmaceutical development
There is an urgent need to develop the pharmaceutical industry in Africa to reduce the continent’s dependence on…
African Development Bank Group appoints new vice president
The African Development Bank Group announces the appointment of Dr. Mateus Magala as Vice President for Corporate Services…
Ethiopia Orthodox Church receives exiled Patriarch
Followers of Ethiopian Orthodox Church today welcome their exiled Patriarch who has been in the United States for…
Djibouti Falling Into China’s Debt Trap?
Djibouti lies more than 2,500 miles from Sri Lanka but the East African country faces a predicament similar…
Africa can generate $33 billion working capital from trading
Africa can generate $33.5 billion working capital from improved business relations with its trading partners if the suppliers…
U.S. suspends Rwanda’s apparel duty free privilege
The United States issues a new proclamation that suspends the application of duty-free treatment for all apparel products…
IFC set to boost wind energy development in Africa
The International Fiance Corporation (IFC), a member of the World Bank Group, has forged a new partnership with…
Automotive alliance achieves record first-half sales
Renault-Nissan-Mitsubishi, the world’s largest automotive alliance, today announced that unit sales at its member companies rose 5.1 percent…
Ethiopian Airlines, DHL form joint venture company
DHL Global Forwarding, the leading international provider of air, sea and road freight services, and Ethiopian Airlines, the…
Sudan secures $41 million grant to boost agriculture
The African Development Bank on Thursday signed a $41 million grant agreement with Republic of Sudan to finance…
Tunisia to use drones for agriculture data collection
Tunisia and the African Development Bank has signed an agreement for the launch of a pilot project to…
Uganda gets protection to renewable energy projects
Uganda becomes the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), which…
Africa Investor Forum to discuss tackling malnutrition
The Global Alliance for Improved Nutrition (GAIN)- an international organization founded by the Bill and Melinda Gates Foundation…
G20 meeting to focus on sustainable nutritious foods production
The upcoming G20 Ministers of agriculture meeting next week is expected to focus on sustainable production of nutritious…
Ethiopia Great dam construction manager found dead
Engineer Simegnew Bekele, Project Manager of the Grand Ethiopian Renaissance Dam (GERD), was found dead this morning at…
CPJ urges Ethiopia to investigate news crew driver’s death
The authorities in Ethiopia should investigate an attack on a news crew from the state-owned Dire Dawa Mass…
UN agency appeals to donors to help displaced people in Ethiopia
The International Organization for Migration (IOM) the UN Migration Agency launched an appeal for $22.2 million to respond…
DP World to build new logistics hub in Mali
The global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the…
Africa, India trade grows ten fold
Trade between Africa and India rose more than 10-fold between 2001 and 2014, making India Africa’s fourth-largest national…
Consortium set to reduce Ugandan electricity costs
A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than…
UN agency helps African countries to plan development priorities
The Economic Commission for Africa (ECA) will continue to support Member States in their quest for sustainable development…
Nairobi hosts Africa free trade phase II negotiations preparation meeting
International development partners are holding a series of consultative meetings in Nairobi, Kenya to initiate research on the…
Ethiopia captures $10 million smuggled cash
The Federal Police of Ethiopia has captured $10 million while trying to be smuggled out of the country.
Ethiopia’s Journey to Privatization: Demise to Developmental State?
By Gedion G. Jalata – The Ethiopian government on 5 June 2018 announced to undertake partial and complete…
Ethiopia, United States officials confer on democratization
The United States and Ethiopia held their 8th Bilateral Dialogue on Human Rights, Democracy, and Governance at the…
United States redefines al-Shabaab
The Department of State has amended the designation of al-Shabaab – an al-Qa’ida affiliate in Somalia – to…
African Development Bank approves $250 million Risk Participation Agreement
The Board of Directors of the African Development Bank on Wednesday, 18 July 2018, approved an unfunded US$…
Kenyatta calls for accelerated private sector investment in infrastructure
President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s…