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)…
Economy
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…
Global economic spirits riving, research says
Nearly a decade after the worst economic downturn since the Great Depression, a new Pew Research Center survey…
Development bank extends $10.5 billion loan in one year
Accelerating its investments in Africa, the African Development Bank said has approved a total of $10.5 billion in…
Africa, India see opportunities to explore together
Africa and India have development journeys to share with huge opportunities to explore together, says President of African…
Urgent reforms key to boost productivity in sub-Saharan Africa, says report
The ability of sub-Saharan Africa’s economies to generate enough jobs for its young and growing population rests on…
Liberian President pushes for support to Africa’s Capacity Development
Liberia’s President, Ellen Johnson Sirleaf has saluted the African Capacity Building Foundation (ACBF) for the results it is…
Addis Ababa to host Africa Regional Forum on Sustainable Development
Addis Ababa, the political capital of Africa is set to host the 2017 Africa Regional Forum on Sustainable…
IMF Economic Report Calls for Global Cooperation on Taxation
The International Monetary Fund (IMF) released its bi-annual report on the state of the global economy, predicting that…
Djibouti remains at high risk of debt distress, IMF says
Djibouti is at high risk of debt distress, says the International Monetary Fund (IMF).
African Development Bank to discus economic sanctions on Sudan
To exchanges views with the Sudanese authorities on opportunities associated with the temporary removal of economic sanctions and…
UN report urges Africa to rethink urbanization
The Economic Report for Africa 2017, launched this week in Dakar Senegal by the United Nations Economic Commission…
UN agency launches country profiles of 21 African nations
The United Nations Economic Commission for Africa (ECA) launched the second generation of its Country profiles. The launching…
Algeria struggles to cope up with lower oil prices, says IMF
Algeria continues to face important challenges posed by lower oil prices, says an International Monetary Fund (IMF) staff…
Food insecurity in Ethiopia leads to inflation rise – report
Ethiopia will experience a resurgence in inflation over 2017 as food insecurity increases on the back of erratic…