Ethiopia approves $12.8 billion national budget
Ethiopian Parliament this afternoon approves around $12.8 billion budget of the country for the coming year starting July…
Economy
Economics professor disproves double digit economic growth of Ethiopia
The narratives of double digit economic growth of Ethiopia for over a decade was wrong and obtained as…
Highly indebted Ethiopia appoints new central bank chief to rescue economy
The highly indebted government of Ethiopia announces the appointment of a new governor for the National Bank of…
Postal services vital for remittance delivery in Africa, report says
Postal services can play a pivotal role in delivering remittances, lowering the transfer costs and providing access to…
Intra-Africa migration boost economic growth, UN report says
African migration within the continent (intra-Africa migration) could boost growth and positively transform the structure of the continent’s…
Djibouti economic growth unsustainable, says report
A new country report by a business risk intelligence firm, EXX Africa, which released a country report on…
African Development Bank disbursement increases 15 percent
The African Development Bank (AfDB) disbursements reached $7.81 billion in 2017, a 15 percent increase over 2016 and…
Korea boost bilateral financial assistance for Africa to $5 billion
The Korean government announced increasing its bilateral financial assistance package for Africa to $5 billion until the year…
United States takes over Hong Kong as most competitive economy
The United States returns to the first spot of IMD’s most competitive economies in the world, followed by…
UN advises Ethiopia to pursue deeper regional integration
A country report by the United Nations Economic Commission for Africa (UNECA) on Ethiopian economy advised the country…
Foundation expresses concern on Capacity for Realization of African Free Trade Agreement
The African Capacity Building Foundations (ACBF) concern that lack of ratification and implementation capacity for the African Continental…
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,…
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…