Ethiopia’s forex crunch: struggles, strategies for sustainable future
By Anwar Hussen Mohammed – Ethiopia’s economic boom of the past decade has hit a snag – a…
Economy
African Development Bank provides $8.6 million to South Sudan
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a grant funding of $8.6…
Most African economies set to experience stronger growth
African economies remain resilient, despite challenges that are testing economies worldwide with of the economies set to experience…
Global economy outlook brightening in 2024 with political risks
The latest Chief Economists Outlook released today presents a growing sense of cautious optimism about the global economy…
Djibouti Sovereign Fund plants to double GDP
By Andualem Sisay Gessesse – Djibouti Sovereign Fund (Fonds Souverain de Djibouti) plans to double the GDP of…
IMF to release $150 million to Tanzania
A team of the International Monetary Fund (IMF), which concluded its visit to Tanzania said it has concluded…
Islamic Development Bank Group set to catalyze economic development
The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank…
Vulnerable economies fall behind despite resilient global growth
Buffeted by an unprecedented series of shocks, the global economy has shown extraordinary resilience so far.
WTO, ADB collaborate for sustainable economic growth
The WTO Secretariat and the Asian Development Bank (ADB) signed a Memorandum of Understanding (MoU) in Tbilisi, Georgia,…
Securing legal identity for all Africans key to sustainable development
Development experts are calling for political support to accelerate investment in effective civil registration and Vital Statistics (CRVS)…
IMF reflects on Asia economic outlook
By Andualem Sisay Gessesse – Washington DC, USA – On the sidelines of the Spring meetings of the…
Indebtedness, conflicts affect growth in North Africa. Middle East
The World Bank’s new Middle East and North Africa Economic Update, entitled Conflict and Debt in the Middle…
New initiative invests in adolescent girls in East Africa
A new program launched today in East Africa marks a significant opportunity for advocates championing the bodily autonomy…
Congo Republic joins Organization of Southern Cooperation
The Republic of Congo has consolidated its full membership status of the Organization of Southern Cooperation (OSC) with…
African countries dominate world’s top 10 growing economies
African countries are predicted to dominate the world’s top 10 highest growing economies in 2024, according to a…
IMF mission discusses Rwanda’s reform progress
A mission of the International Monetary Fund (IMF) discusses Rwanda’s authorities’ policy priorities and progress on reforms within…
IMF disburses $120 million for Uganda
The Executive Board of the International Monetary Fund (IMF) on Monday concluded the fifth review of Uganda’s Extended…
IMF approves $1.3 billion financing for Côte d’Ivoire
The Executive Board of the International Monetary Fund (IMF) on Friday approved about $1.3 billion as a Resilience…
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…
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,…