New Business Ethiopia

NEWS- The Governments of Ethiopia and Sudan have launched a study to link the two countries with 1,522 kilometres railway network that extends from Addis Ababa to Port Sudan via Khartoum.

The global response to the COVID-19 pandemic must be coordinated and targeted at livelihoods to prevent an upsurge in inequality, delegates at an African Development Institute (ADI) webinar urged on Wednesday.

Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come from the nearby towns of Lawagnon, Moreta and Issati. Their stalls overflow with peanuts, millet, sorghum, sesame and beans.

The Board of Directors of the African Development Bank has approved a $129.4 million (ZAR 2.011 billion) loan to finance the Namibia Economic Governance and Competitiveness Support Programme, EGCSP.

For truck driver Joseph Turay, navigating the 120 km Matotoka-Sefadu road in northeastern Sierra Leone used to be a nightmare. On average, he spent between five hours to one day on the road, which was last properly repaired nearly half a century ago.

Multilateral Development Banks (MDBs) are stepping up their support for refugees and people affected by forced displacement, including hosting communities, across a wide range of sectors and policy instruments.

Twelve international organizations are set to assist developing countries to build resilience against the impact of natural disasters caused by extreme weather.

Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level to provide the latter 700% more than its quota.