Somalia economic growth slowing, says IMF
The Somali economy is expected to slow down with GDP growth of 3.4 percent and 2.5 percent in 2016 and 2017, respectively, according to the International Monetary Fund (IMF).
African Development Bank provides financing to Eritrea
The African Development Bank has approved a loan and a grant amounting to $7.14 million to finance the fourth Drought Resilience and Sustainable Livelihoods Program in Eritrea.
Coalition recommends 14 antidotes to combat illicit financial flows from Africa
A coalition of institutions against illicit financial flows (IFFs) recommended a set of actions African governments need to take in order to combat the chronic that is Shrinking African economies.
Conference participants urge African states to repeal discriminatory laws against women
The Africa Ministerial Pre-Consultative Meeting on the 61st Commission on the Status of Women (CSW 61st) on the theme “Women’s economic empowerment in the changing world of work” opened in Addis Ababa Thursday…
Billions needed to eradicate poverty and hunger
The world needs to take urgent action to mobilise the estimated $265 billion a year needed to achieve the first two Sustainable Development Goals to end poverty and hunger by 2030, said…
Equatorial Guinea to join global oil producing nations bloc
Equatorial Guinea eyes to joining the global oil producing countries alliance known as, the Organization of Petroleum Exporting Countries (OPEC).
Unleashing Africa’s full potential
By Ambassador Amina Mohamed – Africa, the cradle of mankind and home to the youngest population in the world, has a historic opportunity to realise its full potential, in sharing our potential…
AU welcomes lifting of United States sanctions on Sudan
The Chairperson of the African Union Commission, Dr. Nkosazana Dlamini Zuma welcomes the lifting of economic sanctions by the United States of America on the Republic of Sudan.
Uganda’s economy performs well – IMF
Uganda’s economy has performed reasonably well in a complex environment, the International Monetary Fund (IMF) said.
Ethiopia, Kenya launch $200 million cross-border initiative
The governments of Ethiopia and Kenya, in partnership with the Intergovernmental Authority on Development (IGAD) and the United Nations launched a $200 million cross-border initiative.