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…
Huawei joins AU to drive Africa’s digital transformation
Huawei joined AU in the Second Ordinary Session of the African Union (AU) Specialized Technical Committee (STC) on…
One in ten medicines in developing countries are counterfeit – WHO
An estimated 1 in 10 medical products circulating in low- and middle-income countries is either substandard or falsified,…
African Development Bank finances Kenya’s airport expansion
The African Development Bank (AfDB) approved a $160 million loan for the expansion of Jomo Kenyatta International Airport…
Boortmalt Malting set to open malt factory in Ethiopia
In order to satisfy the increasing demand of breweries in Ethiopia, Boortmalt Malting of Belgium is set to…
Africa told to benefit from Internet economy
Many African countries have made significant progress towards creating an Internet sector, with broad reforms that focus on…
Tunisia secures €112 million loan for road construction
The Board of the African Development Bank Group (AfDB) has approved a loan of €112 million to help…
African entrepreneurs join Alibaba Business School
Alibaba Business School and the United Nations Conference on Trade and Development (UNCTAD) have brought together 24 Africa-based…
Nigeria, Somalia and Uganda set to improve drought resilience
A joint initiative of the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) is set to…
African Development Bank calls for improved air connectivity
The African Development Bank (AfDB) has called for bold actions to improve connectivity, market access, and cost reduction…
Gulf Air, ST Aerospace Arm sign 15-Year Contract
Gulf Air, the Kingdom of Bahrain’s national carrier, awarded a 15-year contract for Boeing 787 aircraft Component Support…
Sao Paulo prepares for 5th Brazil-Africa Forum
The city of Sao Paulo is set to host the 5th edition of Brazil-Africa Forum that focuses on…
Loans for Aussie Businesses Trading Abroad: Promoting Economic Growth
Australia currently enjoys a relatively robust relationship with Ethiopia. Current exports to Ethiopia amount to $446 million, and…
Journalists honored for courageous reporting
Journalists from Cameroon, Mexico, Thailand, and Yemen were honored Wednesday night at the Committee to Protect Journalists’ 27th…
Novartis to fight cancer in Ethiopia, Uganda and Tanzania
Novartis, the American Society for Clinical Pathology (ASCP) and the American Cancer Society (ACS) announced today they will…
IBM Cloud provides solution for Cooperative Bank of Oromia
IBM announced that Cooperative Bank of Oromia has turned to IBM for transformation of its core banking, middleware…
Ethiopian Airlines wins African Airlines Award
Ethiopian Airlines said it has won the African Airlines Association’s (AFRAA’s) Airline of the Year Award for the…
China’s Crucial Role in APEC
By Carlos Aquino Rodriguez – In 1994 the Bogor goals were established Asia-Pacific Economic Cooperation (APEC) with the…
Tunisia secures €72 million loan to improve digital capability
The Board of the African Development Bank Group has approved a loan of €71.56 million to support the…
UK to double trade support for Ethiopia
The UK has doubled the amount of export finance it is making available to support UK-Ethiopia bilateral trade,…
Motorola unveils technology for safer cities, expands Africa footprint
By Edris Redi – Motorola Solutions (NYSE: MSI) has unveiled advanced solutions and futuristic technologies for safer cities,…