Ethiopia eyes becoming Africa’s prosperity icon by 2030
The government of Ethiopia has launched a homegrown economic reform, which will propel the country to become Africa’s prosperity icon by 2030.
Tag: Economy
Ethiopia’s bewildering economics
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 … Read More
Ethiopia’s debt surpasses $52 billion
Ethiopian government total debt from foreign and local lenders surpasses $52.3 billion, the Ministry of Finance of Ethiopia said.
Angola sink deeper into debt
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 … Read More
Eastern Africa gets strategy to accelerate economic transformation
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 … Read More
Africa Development Bank releases diagnose, fragility assessment tool
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.
Ministers call for bold action to drive Africa free trade
The potential for the African Continental Free Trade Area (AfCFTA) to become a powerful tool for driving industrialization, economic diversification and development has been highlighted at the start of the … Read More
London to host debate on significance of Africa’s oceans
The first Africa Blue Economy Forum (ABEF) is set to be held in London in the coming June, to coincide with World Oceans Day, the organizers said.
Food insecurity in Ethiopia leads to inflation rise – report
Ethiopia will experience a resurgence in inflation over 2017 as food insecurity increases on the back of erratic rainfall, says new report by BMI. Strong money supply growth will also … Read More
Dakar set to host regional meeting on the youth
Preparations are underway for the 18th Session of the Regional Coordination Mechanism for Africa to be held in Dakar, Senegal, from 25-26 March 2017 under the theme; “UN System Support … Read More
Youth employment training strategies in Africa needs new approach- research
Ugandan youth researcher Sarah Bafumda (right) shares information from the research behind Invisible Lives: Understanding Youth Livelihoods in Ghana and Uganda, with Hamidah Nyanzi, a respondent in the study.
UN agency establishes African Corridor Management Alliance
The United Nations Economic Commission for Africa (UNECA), through the African Trade Policy Centre (ATPC) is holding a meeting in collaboration with the Walvis Bay Corridor Group and other Corridor … Read More
Land grabbing main driver of conflicts in Africa, new research reveals
Sixty-three percent of disputes related to private sector land and natural resource investments in Africa began when communities were forced to leave their lands, according to new research released today … Read More
Tunisia economy set to grow by 2.5% in 2017
With significant macroeconomic challenges, Tunisia’s economy is expected to grow up to 2.5% in 2017 from 1.3% in 2016, the International Monetary Fund (IMF) said.
Partners launch initiative for youth in the Gambia
The European Union, the International Trade Centre (ITC) and the Government of the Gambia have launched today a new initiative to support job creation and entrepreneurship for Gambian youth.
Somalia economic growth slowing, says IMF
The Somali economy is expected to slow down with GDP growth of 3.4 percent and 2.5 percent in 2016 and 2017, respectively, according to the International Monetary Fund (IMF).
African Development Bank provides financing to Eritrea
The African Development Bank has approved a loan and a grant amounting to $7.14 million to finance the fourth Drought Resilience and Sustainable Livelihoods Program in Eritrea.
Coalition recommends 14 antidotes to combat illicit financial flows from Africa
A coalition of institutions against illicit financial flows (IFFs) recommended a set of actions African governments need to take in order to combat the chronic that is Shrinking African economies.
Conference participants urge African states to repeal discriminatory laws against women
The Africa Ministerial Pre-Consultative Meeting on the 61st Commission on the Status of Women (CSW 61st) on the theme “Women’s economic empowerment in the changing world of work” opened in Addis … Read More
Billions needed to eradicate poverty and hunger
The world needs to take urgent action to mobilise the estimated $265 billion a year needed to achieve the first two Sustainable Development Goals to end poverty and hunger by … Read More
Equatorial Guinea to join global oil producing nations bloc
Equatorial Guinea eyes to joining the global oil producing countries alliance known as, the Organization of Petroleum Exporting Countries (OPEC).
Unleashing Africa’s full potential
By Ambassador Amina Mohamed – Africa, the cradle of mankind and home to the youngest population in the world, has a historic opportunity to realise its full potential, in sharing … Read More
AU welcomes lifting of United States sanctions on Sudan
The Chairperson of the African Union Commission, Dr. Nkosazana Dlamini Zuma welcomes the lifting of economic sanctions by the United States of America on the Republic of Sudan.
Uganda’s economy performs well – IMF
Uganda’s economy has performed reasonably well in a complex environment, the International Monetary Fund (IMF) said.