Afreximbank, Uganda Development Bank sign financing agreement
African Export-Import Bank (Afreximbank) and the Uganda Development Bank (UDB) have signed a Joint Project Preparation Facility Framework…
Afreximbank to double intra-African trade financing to $40 billion
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) plans to double its financing of intra-African trade from US$20 billion in 2021…
Why USSD mobile banking is viable solution for Africa
With its innovative Engagement Banking Platform (EBP), Backbase has been engaged in providing its services to sure financial…
Ethiopia to issue forex bureau licenses
BY YANET FANTAYE WOGAYEHU – For the first time in the country’s history, the National Bank of Ethiopia…
US law firm seeks $58 billion for Ethiopian Airline crash victims’ families
BY YANET FANTAYE WOGAYEHU – Lawyers representing families of victims of the 2019 Ethiopian Airline’s Boeing 737 Max…
UNICEF promotes breastfeeding in Ethiopia
This week, as we observe World Breastfeeding Week under the theme, “Closing the gap: Breastfeeding Support for All”,…
Nairobi Declaration redefines Africa’s resolve for agricultural transformation
By Josefa Leonel Correia Sacko – From 7-9 May this year, more than 4,000 key stakeholders including 10…
Saudia Group concludes successful Hajj season 1445H
Saudia Group has announced its remarkable contributions to the success of Hajj Season 1445H through its integrated ecosystem…
Togo secures funding for agro-food processing zone
The Board of Directors of the African Development Bank Group (www.AfDB.org) have approved a loan of US $26.55…
Ethiopian Airlines, Satarem America partner for Sustainable Aviation Fuel
Ethiopian Airlines Group has signed a Memorandum of Understanding (MOU) with Satarem America Inc. to partner on production…
Tecno CAMON 30 Pro 5G: Fashion, performance new era
In the ever-evolving world of smartphones, the Tecno CAMON 30 Pro 5G emerges as a trailblazer, seamlessly blending…
Global goods, commercial services trade reaches $30.4 trillion
BY YANET FANTAYE WOGAYEHU – The value of total goods and commercial services trade in 2023, at US$…
Airbus, partners invest in aviation fuel financing fund
Airbus, the Air France-KLM Group, Associated Energy Group LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and…
Ethiopia devalues its Birr 31 percent
The Government of Ethiopia today announced liberalization of the forex market, which immediately resulted in about 31 percent…
IMF approves $3.4 billion for Ethiopia
BY YANET FANTAYE WOGAYEHU – The International Monetary Fund (IMF) approved a four-year arrangement under the Extended Credit…
African ministers call for international financial system remaking
Dozens of finance and foreign ministers met this week to call for radical action to reform the international…
AU to combat neglected tropical diseases in Africa
The African Union’s development agency, and uniting to combat neglected tropical diseases (NTDs) have signed an historic agreement…
How services trade, green transition benefit everyone
By Xiangchen Zhang – African nations and the world’s least-developed countries (LDCs) have much to gain from the…
World International AIDS Conference opens in Germany
With more than 10,000 participants the AIDS 2024, the 25th International AIDS Conference, is opened today in Munich,…
Saudia Group agrees with Lilium to acquire 100 eVTOL Jets
Saudia Group and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility…
Domestic investor launches commercial farm in Central Ethiopia
By Anwar Hussen Mohammed – Established a year ago in the Cheha and Enmore bordering districts of Central…
Ethiopia, UAE ink currency swap agreement
The Central Bank of United Arab Emirates (CBUAE) and the National Bank of Ethiopia (NBE) sign currency swap…
Animals’ right advocate PETA says Ethiopia arrests its staff
Animals’ right advocate PETA says the Government of Ethiopia arrested its staff, PETA Asia Senior Vice President Jason…
Africa sustainable development report launched in New York
The United Nations Development Program (UNDP), the United Nations Economic Commission for Africa (ECA), and the African Development…
Russia deputy foreign affairs minister visits Ethiopia
Russia Deputy Foreign Affairs Minister Mr. Mikhail Bogdanove visited Ethiopia on Tuesday and met with officials at the…
Ethiopian Airlines receives COVID-19 response recognition
At the First International Post-COVID Conference held in Toronto, Canada, Ethiopian Airlines received the prestigious Global Recognition and…
IFAD to help increase Senegal farmers resilience to external shocks
A new rural development program is set to improve national food and nutrition security and smallholder farmers’ resilience…
South Africa releases gas supply policy instrument
South Africa released its draft Gas Master Plan (GMP) – a policy instrument that aims to establish a…
Africa-Europe partnership to launch clinical trial in early pregnancy
The Safety of Antimalarials in the FIrst TRimEster (SAFIRE) consortium, made up of scientific and social research experts…
USAID supports Ethiopia’s blood and tissue bank
The United States Government, through USAID, donated equipment worth $100,000 to the National Blood and Tissue Bank for…