Abidjan set to host largest African private sector forum
The capital of Côte d’Ivoire, Abidjan, is set to host the 6th edition of the Africa CEO Forum…
African Development Bank urges shareholders to increase capital
The President of the African Development Bank Group, Akinwumi Adesina, appeal on the Bank’s member countries to contribute…
Ethiopian Airlines set to commence direct flight to Chicago
Ethiopian Airlines said it will commence direct flight from Addis Ababa to Chicago effective as of June 02,…
EU requests WTO consultations with Russia
The European Union has requested WTO consultations with the Russian Federation to discuss Russian measures affecting imports of…
IFC provides $100 million to FNB to expand SME lending
The International Finance Corporation (IFC), a member of the World Bank Group, announced new financing of $100 million…
Museveni, Kenyatta advice American companies to act like Chinese
By Andualem Sisay Gessesse – President Uhuru Kenyatta of Kenya and President Yoweri Museveni of Uganda today call…
How ACBF will nudge Africa to effectively implement Agenda 2063
Designating the African Capacity Building Foundation (ACBF) as the African Union’s (AU) Specialized Agency for Capacity Development would…
Agencies partner to increase insurance coverage in Africa
The African Risk Capacity (ARC), an agency of the African Union, and the United Nations Economic Commission for…
Ethiopian graduates African aircraft maintenance technicians
Ethiopian Aviation Academy (EAA) has graduated 14 aircraft technicians from Nigerian, Tanzania and Cote D’Ivoire, who successfully completed…
Foundation invests $700 billion in Africa’s capacity building
The African Capacity Building Foundation (ACBF) the sepecialized agency with 40 African member states, says it has invested…
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…