Republic of Congo to accelerate oil, gas projects
The Republic of Congo (RoC) is preparing to launch a Gas Master Plan and new Gas Code, all…
COP29 opens in Baku, Azerbaijan
BY YANET FANTAYE WOGAYEHU / BAKU, AZERBAIJAN – The 29th round of the global climate change conference Conference…
Zambia to secure $185.5 million from IMF
The Government of Zambia is set to secure $185.5 million funding from the International Monetary Fund (IMF). This…
COP29 must remedy the injustice of climate finance in Africa
Africa, which accounts for less than 4% of global greenhouse gas emissions, bears a disproportionate burden of climate…
Saudia records 10% growth in guest transportation for Q3 2024
Saudia, the national flag carrier of Saudi Arabia, has reported significant growth in its operational performance for the…
Ethiopian Airlines gets Africa’s first Airbus A350 -1000
Ethiopia’s national flag carrier and largest Airbus operator in Africa, Ethiopian Airlines, has taken delivery of its first…
Unite Oil & Gas unveils Congo growth strategy
Global integrated energy firm Unite Oil & Gas unveiled its growth strategy in Africa, with a specific focus…
WHO lists additional mpox diagnostic tests for emergency use
As part of ongoing efforts to enhance quality-assured testing options, the World Health Organization (WHO) has listed two…
Africa needs to invest in robust statistics
Africa should urgently invest in robust data and statistical systems to accelerate sustainable development, the Director of the…
Road safety and Addis Ababa’s sidewalk renovation
By Mekonnen Teshome – After years of comprehensive study, the World Bank Group and its partners published their…
Ethiopia’s digital economy to contribute 1.3 trillion Birr to GDP
Ethiopia’s digital economy could add over ETB 1.3 trillion to GDP by 2028, according to the GSMA’s new…
Revolutionizing African banking regulation: The India example
By Heidi Custers – As banking innovation continues to expand across Africa, the role of effective regulation has…
COP29 will leave participants with unforgettable memories
In an exclusive interview with New Business Ethiopia, Ambassador Ruslan Nasibov, Azerbaijan’s Ambassador to Ethiopia and Permanent Representative…
Ghana purchases its first drought insurance policy
The Government of Ghana has purchased its first-ever sovereign drought insurance policy, taking a significant step towards safeguarding…
Ethio Telecom offers 100 billion Birr shares to public
The fully state-owned telecom operator in Ethiopia, Ethio Telecom has announced offering share to the public worth 100…
U.S. launches disaster risk management project in Ethiopia
The U.S. Government through its United States Agency for International Development (USAID) officially launched a new, five-year Disaster…
ATIDI, multilateral investment guarantee to streamline investments in Africa
The African Trade & Investment Development Insurance (ATIDI), and the Multilateral Investment Guarantee Agency (MIGA) of the World…
WTO chief underscores trade role to address farming challenges
Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala underscored the crucial role of trade and the WTO…
AfDB to help Nigeria develop eight agro-industrial zones
The African Development Bank (AfDB) Group has reached an agreement with participating Nigerian state governments to speed up…
Russia’s Rosatom accelerates African nuclear energy development
Russia’s state-owned nuclear corporation Rosatom has been accelerating nuclear energy development in Africa, says the company, which joined…
Ethio Telecom to boost revenue by 75 percent
BY YANET FANTAYE WOGAYEHU – The fully state owned telecom service provider, Ethio Telecom says it has planned…
IMF reduces cost of borrowing by 16 percent
The Executive Board of the International Monetary Fund (IMF) on Friday concluded the Review of Charges and the…
British-backed network connects millions in Ethiopia
A new report published today by British International Investment has revealed that a UK-backed mobile network operator has…
European Union Commissioner to visit Ethiopia, African Union
The European Union Commissioner for International Partnerships Jutta Urpilainen is set to visit Ethiopia and the African Union…
Eritrea to host Egypt, Somalia leaders
Eritrean President Isaias Afwerki welcomes President of Egypt Abdel Fattah el-Sisi and Somalia President Hassan Sheikh Mohamud for…
Strengthening capital markets in Guinea, Sierra Leone
The Economic Commission for Africa (ECA), in collaboration with the West African Monetary Institute (WAMI) and the central…
Indigenous tourism to inject $67 billion into global economy
The World Travel & Tourism Council (WTTC) today launched a landmark report at its Global Summit in Perth,…
Cape Town set to host international luxury travel event
International Luxury Travel Market Africa (ILTMA) announces that its 2025 event, themed ‘Ignite Africa with Luxury Travel’, will…
Protea Hotels by Marriott expands footprint in Africa
Protea Hotels by Marriott, part of Marriott Bonvoy’s global portfolio of over 30 brands, today announced the opening…
Lessons to Africa from China
By Jane Muthumbi – I have grown up thinking the most about poverty, which afflicts much of the…