African American-owned businesses annual payroll reaches $61.2 billion
The U.S. Census Bureau today released new estimates on the characteristics of employer businesses that recorded 194,585 Black…
Economy
IMF to provide $47.4 million to Mauritania
The IMF Executive Board concluded today the 2024 Article IV consultation with Mauritania and also completed the Third…
World Bank announces $100 billion for IDA21 replenishment
The World Bank Group today unveiled a record $100 billion financing package for the 21st replenishment cycle of…
Oil pipeline damage, refugee inflow challenge South Sudan economy
BY YANET FANTAYE WOGAYEHU – The economy of South Sudan is being challenged by the damages to the…
Africa needs to invest in robust statistics
Africa should urgently invest in robust data and statistical systems to accelerate sustainable development, the Director of the…
African Development Bank grants $67 million to Madagascar
The Board of Directors of the African Development Bank Group this week approved a loan of $67.3 million…
IMF completes credit facility arrangement with Sierra Leone
An International Monetary Fund (IMF) and the Government of Sierra Leone reached a new 38-month Extended Credit Facility…
Evolution of Ethiopian economy: the past, the future
Ethiopia’s Economic Journey: Reflecting on the Past, Navigating the Future BY ERMYAS T. AMELGA – Ethiopia stands at…
Historic UN tax vote builds on Africa’s decade-long quest
BY ANWAR HUSSEN MOHAMMED – On the 16th of August 2024, United Nations (UN) Member States adopted, by…
ECA concludes resilience, sustainable finance support in Egypt
The UN Economic Commission for Africa (ECA) Office for North Africa concluded a five-day fact-finding & advisory services…
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…
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…
Ethiopia’s forex crunch: struggles, strategies for sustainable future
By Anwar Hussen Mohammed – Ethiopia’s economic boom of the past decade has hit a snag – a…
African Development Bank provides $8.6 million to South Sudan
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a grant funding of $8.6…
Most African economies set to experience stronger growth
African economies remain resilient, despite challenges that are testing economies worldwide with of the economies set to experience…
Global economy outlook brightening in 2024 with political risks
The latest Chief Economists Outlook released today presents a growing sense of cautious optimism about the global economy…
Djibouti Sovereign Fund plants to double GDP
By Andualem Sisay Gessesse – Djibouti Sovereign Fund (Fonds Souverain de Djibouti) plans to double the GDP of…
IMF to release $150 million to Tanzania
A team of the International Monetary Fund (IMF), which concluded its visit to Tanzania said it has concluded…
Islamic Development Bank Group set to catalyze economic development
The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank…
Vulnerable economies fall behind despite resilient global growth
Buffeted by an unprecedented series of shocks, the global economy has shown extraordinary resilience so far.
WTO, ADB collaborate for sustainable economic growth
The WTO Secretariat and the Asian Development Bank (ADB) signed a Memorandum of Understanding (MoU) in Tbilisi, Georgia,…
Securing legal identity for all Africans key to sustainable development
Development experts are calling for political support to accelerate investment in effective civil registration and Vital Statistics (CRVS)…
IMF reflects on Asia economic outlook
By Andualem Sisay Gessesse – Washington DC, USA – On the sidelines of the Spring meetings of the…
Indebtedness, conflicts affect growth in North Africa. Middle East
The World Bank’s new Middle East and North Africa Economic Update, entitled Conflict and Debt in the Middle…
New initiative invests in adolescent girls in East Africa
A new program launched today in East Africa marks a significant opportunity for advocates championing the bodily autonomy…
Congo Republic joins Organization of Southern Cooperation
The Republic of Congo has consolidated its full membership status of the Organization of Southern Cooperation (OSC) with…
African countries dominate world’s top 10 growing economies
African countries are predicted to dominate the world’s top 10 highest growing economies in 2024, according to a…
IMF mission discusses Rwanda’s reform progress
A mission of the International Monetary Fund (IMF) discusses Rwanda’s authorities’ policy priorities and progress on reforms within…
IMF disburses $120 million for Uganda
The Executive Board of the International Monetary Fund (IMF) on Monday concluded the fifth review of Uganda’s Extended…
IMF approves $1.3 billion financing for Côte d’Ivoire
The Executive Board of the International Monetary Fund (IMF) on Friday approved about $1.3 billion as a Resilience…