New Business Ethiopia

The economy of Ethiopia will shrink between 5.6 to 11 percent as a result of coronavirus (COVID-19) pandemic, stated a paper by the renowned Addis Ababa University Economics Professor Alemayehu Geda.

African finance ministers met in a virtual conference to exchange ideas on the efforts of their respective governments in dealing with the social and economic impacts of COVID-19, which disrupted global supply chain and hindered movement of people across the world.

The government of Ethiopia has launched a homegrown economic reform, which will propel the country to become Africa’s prosperity icon by 2030.

By Tesfu Telahoun Abebe – Third world economies frequently operate on what seems like a parallel level to established and emerging markets. This situation is frequently cited as being a major determining factor for why so few developing countries gain acceptance to the WTO.

Ethiopian government total debt from foreign and local lenders surpasses $52.3 billion, the Ministry of Finance of Ethiopia said.

Angola’s is failing to control its foreign and domestic debt which is estimated at nearly $80 billion despite being the second largest oil producing country in Africa and the continent’s third strongest economy.

The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the roadmap for accelerating regional integration in the Region with regional infrastructure development among the main pillars of the plan.

The African Development Bank has created and refined a new tool to diagnose fragility in countries, taking into account their capacities and  pressures they may be under.