FDI to West Africa fell 11% to $11.3 billion
Foreign Direct Investment (FDI) to West Africa fell by 11% to $11.3 billion in 2017 as compared to…
FDI flow to Africa declines, UN report
Foreign Direct Investment (FDI) flows to Africa slumped to $42 billion in 2017, a 21% decline from 2016,…
UN says global foreign direct investment flows down 23%
Global foreign direct investment (FDI) flows fell by 23% in 2017, to $1.43 trillion from $1.87 trillion in…
Malawi launches new project to reduce extreme poverty
The Government of Malawi and the International Fund for Agricultural Development (IFAD) launch a new project that aims…
Partners launch Coding for Employment Program in Kigali
The African Development Bank, together with partners – The Rockefeller Foundation, Microsoft and Facebook – launched the Coding…
Ethiopia agrees to restore peace with Eritrea accepting UN decision
The Government of Ethiopian on Tuesday announced that it is ready to fully implement the decisions of the…
Ethiopia ends monopoly over telecom, airline, electricity, shipping line
In a major policy shift, the Government of Ethiopia decides to liberalize major state monopoly companies including Ethiopian…
Marriott International set to transform Sheraton
Marriott International today announced its transformation vision for Sheraton Hotels and Resorts, the third largest brand in its…
USAID helps Democratic Republic of Congo’s fight against Ebola
The U.S. Agency for International Development (USAID) has contributed $8 million dollars to support the joint Government of…
United States honors legacy of Ethiopian aviation ‘father’
The United State Embassy in Addis Ababa honors Colonel John C. Robinson for his outstanding contributions to Ethiopian…
IFC Invests $60 million to expand lending in Africa
With the aim of facilitating growth and job creation in Africa, the International Finance Corporation (IFC), a member…
Why Ethiopia allows tax haven companies to produce gas & petroleum
BY ANDUALEM SISAY GESSESSE – At the time Ethiopian political crisis was at its pick, one major news…
Ethiopia ends state of emergency
After assessing the situation of the country, the Council of Minister of Ethiopia decided today to lift the…
Ethiopia opens door to all nationalities
The Ethiopian Immigration and Nationality Affairs Main Department and Ethiopian Airlines today announced launching of an e-visa service…
Intra-Africa migration boost economic growth, UN report says
African migration within the continent (intra-Africa migration) could boost growth and positively transform the structure of the continent’s…
Ethiopian Airlines Wins Airline Reliability Award
Ethiopian Airlines wins the 2017 Airline Reliability Performance Award, for the 7th year in a row, from Bombardier…
Amnesty urges Ethiopian government to stop killings of Oromo people
Amnesty International issued a statement today urging Ethiopian government to stop the killings of Oromo people by the…
Continental bank issues Feed Africa bond
African Development Bank, which is rated AAA-rated by Moody’s/S&P/Fitch/Japan Credit Rating Agency, issued its second “Feed Africa” bond…
Djibouti economic growth unsustainable, says report
A new country report by a business risk intelligence firm, EXX Africa, which released a country report on…
Korea host Africa Day celebration
Organized by the African Development Bank (AfDB) Busan, Korea hosted the Africa Day celebration on Friday. The event…
Innovations for rural transformation key says IFAD
Concluding a five-day visit to Kenya the Vice President of the International Fund for Agricultural Development (IFAD), Cornelia…
IFC invests $10 million in Rwanda bank
The International Finance Corporation (IFC), a member of the World Bank Group, today announced a $10 million subordinated…
Ethiopia inaugurates model water, waste management project
A model water supply, sanitation and waste management system is inaugurated today in Wukro town, Tigray Region of…
African Development Bank disbursement increases 15 percent
The African Development Bank (AfDB) disbursements reached $7.81 billion in 2017, a 15 percent increase over 2016 and…
ICRC helps displaced by ethnic violence in Ethiopia
Aysha Ibrahim is a mother of ten children who lives in Darolebu district, an area located in eastern…
Korea boost bilateral financial assistance for Africa to $5 billion
The Korean government announced increasing its bilateral financial assistance package for Africa to $5 billion until the year…
United States takes over Hong Kong as most competitive economy
The United States returns to the first spot of IMD’s most competitive economies in the world, followed by…
Forum discusses Africa disaster risk financing program
Focusing on the Role of the African Risk Capacity (ARC) and the Africa Disaster Risk Financing Program (ADRiFi)…
Addis Ababa conference to explore digital trade, human rights
Digital trade within the context of the African Continental Free Trade Area (AfCFTA) will be at the center…
Development financier advises Africa to diversify energy sources
The African Development Bank, which begins its annual meetings this morning in Busan, Korea advises African countries to…