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 debt management…
Read More
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) on Friday…
Read More
Africa’s trade balance deteriorates
Africa’s trade balance has been deteriorating over the past five years from a surplus of $24 billion in 2012 to…
Read More
Why Ethiopia, Djibouti enjoy special bonds
By Andualem Sisay Gessesse – Following the growing economic and social ties, the governments of Ethiopia and Djibouti have been…
Read MoreSamaritan introduces special surgical center to Ethiopia
Samaritan Surgical Center has introduced a state of the art facility that incorporates the latest surgery theatres, pre- and post-surgery…
Read MoreInternational 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 of Commerce…
Read More
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 – Mela- in…
Read MoreAfrican 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 provide the…
Read More
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 over $150…
Read More
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 of new…
Read More
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 world as…
Read MoreWorldRemit targets 5 million customers in Africa
Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve…
Read More
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 Morocco and…
Read More
Djibouti cut port service fee for Ethiopia
By Andualem Sisay Gessesse – Djibouti, December 6, 2017 – The new Duraleh Multi-purpose Port of Djibouti, which began operation…
Read More