During the first five months of the budget year of the country started July 8, 2020, the Government of Ethiopia has secured $1.4 billion remittances from the Ethiopian diaspora who used legal banking channels to send money to their relatives.
The success of African Continental Free Trade Area, which goes operational on Friday January 1, 2021, depends on the strong partnership between the private sector and the public sectors, says a UN official. “For the African Continental Free Trade Area (AfCFTA) to deliver on its promises, the private and public sectors on the continent must […]
The Economic Commission for Africa (ECA) on Tuesday launched its flagship Economic Report on Africa, titled: “Innovative Finance for Private Sector Development in Africa”, which among others focused on private sector’s resilience to COVID-19.
African leaders at a summit today have approved that trading should start on 1 January next year as scheduled on the African Continental Free Trade Area (AfCFTA) agreement and requested African financial institutions to provide technical and financial support for its implementation.
Efforts to rebuild the economies of the world’s poorest nations postpandemic will fall significantly short unless their productive capacities are drastically improved, according to UNCTAD’s Least Developed Countries Report 2020.