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The African Development Bank’s (AfDB) Affirmative Finance Action for Women in Africa (AFAWA) initiative has reached a landmark $1 billion in approved funding designated for lending to African women entrepreneurs, AfDB said.
Dubai today launched the Dubai Economic Agenda 2033 (D33) with the ambitious goals of doubling the size of Dubai’s economy over the next decade, and consolidating its position among the top three…
The 55th Session of the Economic Commission for Africa (ECA) Conference of African Ministers of Finance, Planning and Economic Development (CoM2023) is set to be held in Addis Ababa, Ethiopia.
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva is set to visit Lusaka, Zambia from January 22 to January 24 and Kigali, Rwanda from January 24 to January 26, IMF said.
Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024.
Food inflation in Ethiopia for the month of December 2022 has slightly decreased compared to the previous month, while non-food items inflation continues to grow.
The World Bank Group on Tuesday approved a grant of $745 million to the Government of Ethiopia. In recent years, millions of Ethiopians have been impacted by multiple crises including COVID-19, climate-related…
Promoting gender equity and equality is a cornerstone of U.S. foreign policy in Africa and around the world. Advancing the status of women and girls is not only a matter of human…
The United Nations Economic Commission for Africa, (ECA) Acting Executive Secretary, Antonio Pedro, has called for the forging of strong partnerships and innovative strategies to tap new opportunities in the wake of…
A new report by the World Bank highlighted the contribution of a strong private sector for the economic growth of the country and job creation.
The President of Sierra Leone, Dr Julius Maada Bio, his Zambian Counterpart, President Hakainde Hichilema, alongside the first female Director General of the World Trade Organization, Dr Ngozi Okonjo Iweala, among others,…
The Board of Directors of the African Development Fund has approved a $13.95 million grant to the Government of Ethiopia to implement the first phase of a livelihood improvement project for pastoralist…
African countries have been urged to invest in building resilient internet infrastructure to tap digital opportunities and accelerate social and economic transformation on the continent.
The International Monetary Fund (IMF) says it hopes to reach an agreement with the Government of Ghana on policies and reforms that could lead to a new lending arrangement.