Despite a massive increase in migrants sending money home via digital transfers due to the COVID-19 pandemic, millions of their rural family members struggle to access the mobile banking services which could help lift them out of poverty.
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African growth trajectories and the impact of COVID19 are currently shedding doubts on countries’ ability to reach this objective, unless the region achieves faster growth than before the pandemic in the upcoming years.
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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.
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A report launched today by the United Nations Development Organization (UNDP) listed Ethiopia among the poor scoring countries in the world with over 83% of its population are suffering from multidimensional poverty.
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Poverty in Africa and exploitation of Africans labor and natural resources has continued to this day not by accident but by design says, Crystal Simone, Economic Justice lead at FEMNET – one of Africa’s largest women’s rights networks.
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The Bill & Melinda Gates Foundation today launched its second annual Goalkeepers Data Report, pointing to demographic trends that could stall unprecedented progress in reducing global poverty.
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