Agriculture, remittances recovery to boost Somalia’s economy
Supported by continued recovery in agriculture, remittances, and investment, Somalia economic growth in 2024 is expected to improve…
Economy
IMF expresses concern about conflicts in Ethiopia
The International Monetary Fund (IMF) echoed the recent concerns by the United States about the ongoing conflicts and…
US Embassy launches 4th academy of women entrepreneurs in Ethiopia
Empowering women in the economy and closing gender gaps in the world of work are key to achieving…
IMF advices Nigeria to address rising food insecurity
An International Monetary Fund team, led by Axel Schimmelpfennig, IMF mission chief for Nigeria, which visited Lagos and…
Experts suggest how African LLDCs achieve SDGs
Multiple crises, including the COVID-19 pandemic and the current geopolitical and global macroeconomic situation have resulted in poor…
Home-made solutions steer Africa’s transition into inclusive economy
The 42nd meeting of the Committee of Experts of the Conference of Ministers of Finance, Planning and Economic…
Digital ID unlocks Africa’s economic value – experts
Countries implementing digital identity could unlock value equivalent to 3 to 7 percent of GDP, says statistics and…
Côte d’Ivoire secures $1.3 billion financing from IMF
Côte d’Ivoire and the International Monetary Fund (IMF) have reached a staff level agreement on a package of…
Russian-African Club of Lomonosov MSU held conference
The Russian-African Club of Lomonosov MSU held an international conference themed: “Development of Cultural and Humanitarian Cooperation between…
Huawei named top employer in Africa
Top Employers Institute has recently unveiled the list of certified Top Employer companies. For the fourth consecutive year,…
Malawi economy set to grow 3.3 percent in 2014
The economy of Malawi, which was estimated to grow less than 2 percent in 2023, is set to…
Global GDP growth to slow down to 2.4 percent
The global GDP growth is projected to slow from 2.7 percent in 2023 to 2.4 percent in 2024,…
Djibouti’s growth lacks sufficient employment, IMF
The International Monetary Fund (IMF) team which visited Djibouti this week says, its debt-driven growth over the past…
Burundi economy set to grow by 4.3 percent
The economic growth of Burundi, which began recovering from 1.8 percent in 2022 to 2.7 percent in 2023,…
Egypt secures $250 million boost for economic resilience
Africa Finance Corporation (AFC), the continent’s leading provider of infrastructure financing solutions, is to provide a $250 million…
Global forum set to rebuild trust among global leaders
Amid increasing division and uncertainty that continue to destabilize the world, the World Economic Forum Annual Meeting 2024…
Zimbabwe set to host 2024 ECA Conference of Ministers
The UN Economic Commission for Africa (ECA), Executive Secretary, Claver Gatete, and Zimbabwe’s Finance Minister, Mthuli Ncube today…
East Africa adopts diversified resource development strategy
Boasting an abundance of renewable resources, East Africa has garnered substantial attention from major international players within its…
Africa has no excuse to remain poor, AfDB
With $6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant…
Abu Dhabi showcases economic diversification success
Abu Dhabi is continuing to show stellar growth proof government initiatives to diversify the economy, boost the private…
Addis set to host Africa land policy conference
The capital of Ethiopia, Addis Ababa, is set to host Africa land policy conference, a forum for sharing…
Africa told to protect its interest before engaging with outside world
By Andualem Sisay Gessesse – African countries are told to protect their own interest as a continent by…
Riyadh to host Saudi-Arab-African Economic Conference
The Saudi-Arab-African Economic Conference kicks off in Riyadh this week on Thursday, 9 November 2023, at the Hilton…
African Union, Germany conclude development cooperation consultations
With new commitments of an overall amount of more than 75 million Euros in 2023, the African Union…
UN agency, partners reflect on Africa’s development priorities
The UN Economic Commission for Africa (ECA) convened a meeting with partners on 19 October 2023 in Addis…
Ethiopia not signed deal with IMF for debt restructuring
By Andualem Sisay Gessesse (Marrakech, Morocco) – Though Ethiopia is one of the few African countries applied for…
Invest in global cooperation, economic foundations – IMF
By Andualem Sisay Gessesse (Marrakech, Morocco) – The head of the International Monetary Fund (IMF) Ms. Kristalina Georgieva…
African ministers discuss comprehensive reform proposals
African Ministers of Finance, Planning and Economic Development have called for key reforms of the Bretton Woods Institutions…
IMF chief says dealing with Ethiopia’s debt restructuring appeal
By Andualem Sisay Gessesse (Marrakech, Morocco)- The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva today…
IMF advices China to change growth model
By Andualem Sisay Gessesse (Marrakech, Morocco) – The International Monetary Fund (IMF) advices China to change its development…