Towards Singapore of Bab el Mandeb
BY ANDUALEM SISAY GESSESSE – Following the recent restoration of ties between Ethiopia and Eritrea, many speculated that…
Economy
Ethiopia gets over $3 billion external financing
The government has secured 85.629 billion birr (around $3.1 billion) external financing in the first six months of…
Ethiopia focuses on irrigation, tourism to cut unemployment
To address the serious challenge of unemployment, Ethiopia government will focus of the development of irrigation and tourism,…
Marrakech set to host African Economy ministers
The UN Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and Economic Development is…
What makes IMF optimistic about Ethiopian economy
Last month the International Monetary Fund (IMF) has reflected its opinion on the past, current and future of…
Ethiopia to host 2020 World Economic Forum
Prime Minister of Ethiopia Abiy Ahmed has expressed his government’s interest to the 2020 World Economic Forum.
Why Ethiopia retains developmental state model but changes tactics
Though the Government of Ethiopia is likely to continue its developmental state model, the country is signaling tactic…
Report finds 36 million poverty hit children in Ethiopia
An estimated 36 million of a total population of 41 million children under the age of 18 in…
AfDB, ICRC agree to build resilience of Africa’s transition countries
The African Development Bank Group (AfDB) and the International Committee of the Red Cross (ICRC) agree to accelerate…
Half of worlds poor live in 5 countries including Ethiopia
A new World Bank report reveals that out of the world’s 736 million extreme poor in 2015, 368…
Saudi to pay $266 minimum salary to Ethiopian maids
The governments of Saudi Arabia and Ethiopia have have reportedely reached consensus to make the minimum monthly salary…
Morocco secures $2.97 billion from IMF
The Executive Board of the International Monetary Fund (IMF) approved a two-year arrangement for Morocco under the Precautionary…
UNECA celebrates 60th anniversary in Ethiopia
The United Nations Economic Commission for Africa (UNECA) on Monday celebrates its 60th anniversary in Addis Ababa, Ethiopia.
Economic integration reduces multidimensional poverty in Africa
Economic integration is a game-changing reality and African countries must fully embrace it to achieve sustainable inclusive development…
Africa’s accelerated economic growth comes to an end
Africa’s “easy decade” of accelerated economic growth is coming to an end, and only accelerated job creation and…
Sierra Leone secures $172 million from IMF
The Executive Board of the International Monetary Fund (IMF) on Friday approved a new 43 months arrangement for…
Blue economy at center of Nairobi conference
The two-day event kicks off today with focus on the priorities and challenges of establishing a sustainable blue…
UN report examines entrepreneurship
From Zambia to Afghanistan, governments in the world’s most disadvantaged countries must prioritize dynamic enterprises and enact policies…
African Development Bank launches report on Zimbabwe’s economy
The African Development Bank (AfDB) has launched a flagship economic report on Zimbabwe, titled: “Building a new Zimbabwe:…
Equatorial Guinea growth outlook remains difficult, says IMF
While the growth outlook remains difficult, there are signs of a slight recovery of the non-oil sector in…
Gabon secures 30 million euros for special economic zone
The African Export-Import Bank (Afreximbank) in Cairo signed an agreement granting an EUR 30 million revolving trade financing…
IMF team discusses Zambia’s fiscal, debt sustainability
A team of the International Monetary Fund (IMF) staff led by Dhaneshwar Ghura discussed Zambia’s fiscal and debt…
Report advises Africa to avoid demographic time bomb
Africa could be home to a billion angry, under-fed, under-educated and under-employed children and young people by 2050,…
World Bank approves $1.2 billion to Ethiopia
The World Bank’s Board of Executive Directors on Tuesday approved $1.2 billion ($600 million grant and $600 million…
Angola sink deeper into debt
Angola’s is failing to control its foreign and domestic debt which is estimated at nearly $80 billion despite…
African leaders advised to exploit the ‘new oil’
African leaders are advised to exploit statistics, the ‘new oil’. “Statistics is the new oil that our leaders…
South Sudan secures $44 funding
The Government of South Sudan today welcomed a contribution of $43.57 million from the African Development Bank for…
Africa endorses continental report on population, development
Ministers and senior government officials-in-charge of population in Africa met in Accra, Ghana, recently and endorsed a continental…
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…
Turkey Africa strengthening economic, business ties
Africa and Turkey are holding the 2nd Turkey Africa Economic and Business Forum, which was co-organised by the…