IMF advices Burundi to improve forex reserves
The International Monetary Fund (IMF) advised the Government of Burundi to improve its foreign exchange (forex) reserves.
Digital Cooperation Organization advances digital prosperity global discussion
The Digital Cooperation Organization (DCO) participated in the United Nations General Assembly (UNGA) in New York, to foster collaboration among nations around the digital economy and enable digital prosperity for all. DCO…
ITC recommends connected services for small businesses growth
A new report released by the International Trade Center (ITC) recommends for connected services (Transport and logistics, financial services, information and communication technologies (ICT), and business and professional services) as the key…
Alternative asset fund listings demand still high despite volatility
New research from diversified financial services group Ocorian shows institutional investors are still confident about demand for alternative asset fund listings over the year ahead as long as funds have a strong…
UNECA boss stepped down after five years
United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (UNECA), Vera Songwe, has stepped down, effective 1 September 2022, after five years of dedicated service to ECA and its…
Ethiopia, Uganda call for Nile deal expedite ratification
The Nile Basin countries’ one-day ministerial meeting concluded in Dar eSalam, Tanzania with a call from Ethiopia and Uganda for the expedite ratification of the Nile River Basin Cooperative Framework Agreement (CFA).
Africa commemorates civil registration and vital statistics day
The fifth Africa Civil Registration and Vital Statistics Day will be commemorated on 10 August 2022, during the twelfth year since the establishment of the Africa Program on Accelerated Improvement of Civil…
Cabo Verde becomes Africa50’s 32nd shareholder
Africa50, the pan-African infrastructure investment platform, has welcomed the Republic of Cabo Verde as its newest Shareholder country.
Political forum on sustainable development kicks off in New York
The 2022 High-Level Political Forum on Sustainable Development (HLPF) officially opened on 5 July, with a call to action to overcome the challenges facing the global community, outlining many reasons for optimism…
Ethiopia, most African nations offtrack of achieving SDGs
Ethiopia and most African countries are not on track of attaining any of the 17 Sustainable Development Goals (SDGs), says head of Africa Center for Statistics at the United Nations Economic Commission…
Africa, Caribbean development banks collaborate
Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier financial institutions—the African Development Bank and the Caribbean Development Bank—came together to advance their…
Ethiopia increases annual budget by 17 percent
The Ministry of Finance of Ethiopia has proposed a total budget of 786.6 billion Birr for the next budget year of the country, which will start in July 8, 2022.
African ministers call for global financial system reform
African economy, finance and planning ministers, businesses and economists attending a conference in Dakar, Senegal, have made an impassioned case for a complete overhaul of the global financial architecture.
Report on Africa addresses continent’s vulnerability during COVID-19
The disruptions caused by the COVID-19 pandemic pushed an estimated 55 million Africans into extreme poverty in 2020 and reversed more than two decades of progress in poverty reduction on the continent.