China extends Ethiopia’s debt settlement period
The Government China has agreed to extend debt settlement period for Ethiopia, Premier of Ethiopia said.
Experts to reflect on Africa’s Blue economy in Mauritius
The UN Economic Commission for Africa (UNECA) office for Southern Africa is set to organize the Intergovernmental Committee of Experts (ICE) of Southern Africa on the theme, “Blue Economy, Inclusive Industrialization and…
UN agency helps African countries to plan development priorities
The Economic Commission for Africa (ECA) will continue to support Member States in their quest for sustainable development that promotes inclusive prosperity, economic opportunity and greater social well-being, ECA official said.
Ethiopia captures $10 million smuggled cash
The Federal Police of Ethiopia has captured $10 million while trying to be smuggled out of the country.
Lusophone Countries of Africa get development partners
The African Development Bank and the Community of Portuguese Language Countries (CPLP) have signed a Declaration to support the “Development Finance Compact for the Lusophone Countries of Africa”.
Tanzania gets $40 million support for economic reform
Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank through a US$40- million budget support loan to be provided by the African Development Fund, the concessional arm…
African Union launches Africa’s Development Dynamics report
Africa needs development strategies more coherent and prioritizing improved public action to stand up to the challenges of growth, jobs and inequalities prompted by the continent’s remarkable emergence, new report says.
Dialogue on Development in Africa opens in Cairo
The High Level Policy Dialogue on Development in Africa started in Cairo Tuesday with Egypt’s Planning, Follow-up & Administrative Reform Minister, Hala ElSaid Younes stressing the importance of an integrated Africa.
Ethiopia PM calls on Diaspora to set up trust fund
The reformist Prime Minister of Ethiopia, Dr. Abiy Ahmed proposed the establishment of Ethiopian diaspora trust fund calling on Ethiopians living abroad to contribute a dollar a day.
Ethiopia’s prime minister vows to fight economic sabotage
The reformist Prime Minister of Ethiopia, Dr. Abiy Ahmed vow to fight those engaged in economic sabotage following his coming to power.
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 8, 2018.
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 a result of cooked data, according to a high profile economics professor at the…
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 Ethiopia (NBE), financial sector regulatory body of the country.
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 basic financial services in Africa, says a new report.