Ministers call for bold action to drive Africa free trade
The potential for the African Continental Free Trade Area (AfCFTA) to become a powerful tool for driving industrialization,…
Economy
African Union calls on members to follow Kenya, Ghana footsteps
As Kenya and Ghana take the lead, the African Union Chairperson Moussa Faki calls on member states to…
African Development Bank set to engage African media intensively
By Andualem Sisay Gessesse, Abidjan, Cote d’Ivoire – In an attempt to showcase the success of development projects…
New platform to coordinate support for economic migration
Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced…
Multilingual Xi’s book on governance launched in London
The multilingual versions of the second volume of Xi Jinping: The Governance of China was launched in London…
Malawi joins Africa Finance Corporation
Malawi has become the second Southern African member country of Africa Finance Corporation (“AFC” or “the Corporation”), Africa’s…
IFC highlights South Africa investment opportunities
IFC, a member of the World Bank Group, today committed to expand support for initiatives in South Africa…
Ethiopia secures $600 million World Bank financing
The World Bank approved $600 million of the International Development Association (IDA) financing to help strengthen the capacity…
Zimbabwe new president set to present his economic recovery project
Emmerson Mnangagwa’s accession to the presidency of Zimbabwe in late November 2017 marks the beginning of a new…
Africa’s population explosion is a ticking time bomb
The African Development Bank and its East and North African Governors have stressed the need for urgent measures…
Corruption a scourge Africa can do without, says ECA’s Biha
Corruption is a scourge that has to be combated if Africa is to achieve the laudable goal of…
Women network urges AU to escalate fight against corruption
The African Union Member States must take critical steps to eradicate corruption in Africa that perpetuates gender inequality…
World Bank predicts African economy to grow by 3.2% in 2018
The World Bank forecasts Africa’s average economic growth to rise to 3.2 percent in 2018 and to 3.5%…
IMF, UN agency promise to craft new development model for Africa
By Andualem Sisay Gessesse- The International Monetary Fund (IMF) and the United Nations Economic Commission for Africa (UNECA)…
U.S. frozen $3.5 billion asset related to foreign corruption
The United States has frozen $3.5 billion in assets linked to foreign corruption and repatriated or is repatriating…
Africa Week showcases continent’s advancements
The annual Africa Week kicks off on Monday to showcase the Continent’s continuous advancements and achievements with respect…
Africa’s economic performance improves in 2017
Africa’s economic outlook improved in 2017 compared with 2016 and is expected to gain momentum in 2018.
Ethiopia devaluates birr by 15%
Ethiopian government announced its national currency, the birr, by 15% effective Wednesday, October 11, 2017, the National Bank…
Consensus reached on actions for sustainable industrialization in Central Africa
The 33rd meeting of the Intergovernmental Committee of Experts for Central Africa (ICE2017) has ended in Douala with…
Zimbabwe secures $600 million loan
The African Export-Import Bank (Afreximbank) yesterday entered into a memorandum of understanding (MOU) to provide a $600-million line…
Agriculture is future of Africa, says Nigerian billionaire
Nigerian business leader Aliko Dangote told investors “Agriculture, agriculture, agriculture. Africa will become the food basket of the…
Africa integration committee set to meet in Addis Ababa
The 10th Session of the Committee on Regional Cooperation and Integration (CRCI10) will be held in Addis Ababa…
UN calls for a Global New Deal to address inequality
A new report of the United Nations Conference on Trade and Development (UNCTAD) calls for a Global New…
African Development Bank pledges $540 million for Chad
The African Development Bank (AfDB) Group is set to provide $540 million for Chad’s new National Development Plan…
Economic Commission for Africa boss pledges support to Chad
The United Nations Economic Commission for Africa (ECA) Executive Secretary, Vera Songwe, on Thursday pledgessupport to Chad’s National…
UN agency launches Malawi country profile
The United Nations Economic Commission for Africa (ECA) launches Malawi Country Profile this week in Lilongwe, Malawi by…
Ethiopia premier meets new boss of UN Economic Commission for Africa
Ethiopia’s Prime Minister, Hailemariam Desalegn, on Thursday met with the new Executive Secretary of the United Nations Economic…
UN director says boosting intra-African trade crucial
The United Nations Economic Commission for Africa’s (ECA) Capacity Development Division (CDD) Director, Stephen Karingi, emphasizes the need…
African Union designates specialized agency on capacity development
Development management in Africa have been bolstered following the formal endorsement of the African Capacity Building Foundation (ACBF)…
Obasanjo urges two-track approach for ECOWAS currency
The Economic Community of West African States (ECOWAS) should adopt a two-track approach to the introduction of a…