Ethiopia secures $1.6 billion additional revenue capturing fake invoices
By Andualem Sisay Gessesse – China and the United Arab Emirates (UAE) are the major sources of fake…
UK’s Butyl introduces products to Ethiopian market
By Andualem Sisay Gessesse – Butyl Products Group (BPG), United Kingdom’s company specialized in design, development, manufacture and…
Corruption a scourge Africa can do without, says ECA’s Biha
Corruption is a scourge that has to be combated if Africa is to achieve the laudable goal of…
Women network urges AU to escalate fight against corruption
The African Union Member States must take critical steps to eradicate corruption in Africa that perpetuates gender inequality…
Ethiopia drops charges against 528 political prisoners
By Andualem Sisay Gessesse – Ethiopian government, which has been denying political prisoners in the country, today announced…
Ethiopia expects 47% tax revenue increase this year
BY ANDUALEM SISAY GESSESSE – The total tax income of Ethiopia for the current year will increase by…
World Bank predicts African economy to grow by 3.2% in 2018
The World Bank forecasts Africa’s average economic growth to rise to 3.2 percent in 2018 and to 3.5%…
Africa gets 48,000 babies on new year eve
Approximately 48,000 babies born in the Eastern and Southern Africa region on New Year’s Day, the UN Children’s…
African Export-Import Bank finds partner to finance intra-Africa trade
African Export-Import Bank (Afreximbank) signed a $100-Million agreement and a EUR 50-Million Murabaha agreement with a partner aiming…
Djibouti Africa regional express submarine cable goes operational
Djibouti Telecom and its partners announced implementation commencement of the supply contract for the Djibouti Africa Regional Express…
A harsher world for journalists
Bereket Gebru – The twenty-first century has been marked by the proliferation of information and communication technologies that…
Top five business risks for East Africa
Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges…
African Development Bank strengthens Ethiopia’s debt management capacity
The African Development Bank (AfDB) conducted last week the first of a series of capacity development sessions on…
IMF, UN agency promise to craft new development model for Africa
By Andualem Sisay Gessesse- The International Monetary Fund (IMF) and the United Nations Economic Commission for Africa (UNECA)…
Africa’s trade balance deteriorates
Africa’s trade balance has been deteriorating over the past five years from a surplus of $24 billion in…
Why Ethiopia, Djibouti enjoy special bonds
By Andualem Sisay Gessesse – Following the growing economic and social ties, the governments of Ethiopia and Djibouti…
Samaritan introduces special surgical center to Ethiopia
Samaritan Surgical Center has introduced a state of the art facility that incorporates the latest surgery theatres, pre-…
International trade fair highlights Djibouti’s role in regional trade
With the aim of strengthening the role of Djibouti in the regional trade, the 110 years old Chamber…
Kifiya launches international payment solution in Washington D.C.
Kifiya Financial Technologies, an Ethiopian payment solution company, in collaboration with Mastercard, launches its international payment solutions –…
African Export-Import Bank provides $500 million to Egypt
The African Export-Import Bank (Afreximbank) entered into an agreement with the Export Development Bank of Egypt (EBE) to…
U.S. frozen $3.5 billion asset related to foreign corruption
The United States has frozen $3.5 billion in assets linked to foreign corruption and repatriated or is repatriating…
Djibouti vows to become major East African logistic hub
By Andualem Sisay Gessesse – December 7, 2017, Djibouti – Djibouti, which is investing hugely on the development…
European Union blacklisted countries as tax heavens
The European Union issued a report this week blacklisting about and dozen and half countries from across the…
WorldRemit targets 5 million customers in Africa
Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming…
African Development Bank finances $324 million renewable energy projects
The African Development Bank (AfDB) has approved $324 million in loan support to two renewable energy projects in…
Djibouti cut port service fee for Ethiopia
By Andualem Sisay Gessesse – Djibouti, December 6, 2017 – The new Duraleh Multi-purpose Port of Djibouti, which…
Partners release study on attitudes to mobile money in Africa
IFC, a member of the World Bank Group, and the Mastercard Foundation today published an ethnographic study on…
Agricultural investment impacts women, girls lives
Investment in agriculture and rural development may be among the best ways for Canada to realize the goals…
Reaffirming U.S. Leadership and Commitment to Partnership in the Fight Against HIV AIDS
Open letter by U.S. Ambassador to Ethiopia, Ambassador Michael Raynor Each year, we mark World AIDS Day on…
African Development Bank partners with World Wide Fund for Nature
The World Wide Fund for Nature (WWF) and the Africa Development Bank (AfDB) have announced a new three-year…