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…
Korea recommends fast-track industrialization strategies to Africa
By Andualem Sisay Gessesse – Busan, South Korea – Korea, which managed to become the world’s high-tech industries…
Institutions collaborate to introduce staple crop processing zones in Africa
With objective of speedup the development of manufacturing industries in Africa the United Nations Industrial Development Organization (UNIDO)…
United States, Korea partner to electrify Africa
The United States and South Korea signed a partnership agreement to expand the Power Africa program the former…
Manufacturing industry share in Africa goes down
Industrial development and value addition in the manufacturing sector in Africa has declined over the last eight years…
How Ethiopia gets Korean development model wrong
By Andualem Sisay Gessesse, Busan, South Korea – During the 53rd annual meetings of the African Development Bank…
Ethiopian Airlines set to link Africa with Indonesia
Ethiopian Airlines announce that it set to launch thrice weekly flights to Jakarta, Indonesia. The new service that…
CPJ urges Puntland to release detained journalist
The Committee to Protect Journalists (CPJ) urges authorities in Puntland, a semi-autonomous region in Somalia, to immediately release…
Government role crucial for industrializing Africa, AfDB says
By Andualem Sisay Gessesse, Busan, Korea – If African countries have to replicate the industrialization development model of…
AU says intra-Africa trade key for development
Boosting intra-Africa trade is the most effective way to bring economic growth and development to the continent, says…
Morocco agribusiness gets EUR 200 million
The Board of Directors of the African Development Bank has approved EUR 200 million loan to support inclusive…
UN advises Ethiopia to pursue deeper regional integration
A country report by the United Nations Economic Commission for Africa (UNECA) on Ethiopian economy advised the country…
Liberia’s small enterprises secure $20 million funding
The African Development Bank (AfDB) is to provide $20 million to boost lending to small and medium-sized enterprises…
Ethiopia investigating corrupt officials, tracking stashed money abroad
Ethiopian government is conducting investigation of corrupt government officials, who are suspected of being engaged in elicit financial…
Continental bank bans Robert Akika Ngong for fraudulent practice
The office of Integrity and Anti-Corruption of the African Development Bank (AfDB) found Ngong to have engaged in…
Ethiopia promises to ratify African Continental Free Trade area deal
During the official opening of the 51st African Conference of Ministers responsible for economy development on Monday, Dr.…
Angolan farmers secure funding to improve food security
A new financial agreement, signed today between the International Fund for Agricultural Development (IFAD) and Angola, is to…
Partners to solve Africa’s $331 billion SME Finance Gap
The International Finance Corporation (IFC) and Small and Micro Enterprises (SME) Finance Forum propose a solution that will…
Guinea set to improve 65,000 rural households incomes
The International Fund for Agricultural Development (IFAD) and the Government of Guinea signed a new financial agreement today…
Rwanda, Niger ratify African free trade bill
By Omer Redi – The governments of Rwanda and Niger have joined Kenya and Ghana in ratifying the…
UN urges Africa to invest in corruption prevention
Africa needs to invest in corruption prevention strategies if the continent is to achieve sustainable development that will…
Report stresses agriculture’s significance in transforming African economy
A new report, entitled, Agriculture, Powering Africa’s Economic Transformation’, by the African Center for Economic Transformation (ACET) –…
Foundation expresses concern on Capacity for Realization of African Free Trade Agreement
The African Capacity Building Foundations (ACBF) concern that lack of ratification and implementation capacity for the African Continental…