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…
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…