The World Bank Group today unveiled a record $100 billion financing package for the 21st replenishment cycle of the International…
Read More
Oil pipeline damage, refugee inflow challenge South Sudan economy
BY YANET FANTAYE WOGAYEHU – The economy of South Sudan is being challenged by the damages to the pipeline that…
Read More
Africa needs to invest in robust statistics
Africa should urgently invest in robust data and statistical systems to accelerate sustainable development, the Director of the Africa Centre…
Read More
African Development Bank grants $67 million to Madagascar
The Board of Directors of the African Development Bank Group this week approved a loan of $67.3 million to Madagascar…
Read More
IMF completes credit facility arrangement with Sierra Leone
An International Monetary Fund (IMF) and the Government of Sierra Leone reached a new 38-month Extended Credit Facility (ECF) arrangement,…
Read More
Evolution of Ethiopian economy: the past, the future
Ethiopia’s Economic Journey: Reflecting on the Past, Navigating the Future BY ERMYAS T. AMELGA – Ethiopia stands at a significant…
Read More
Historic UN tax vote builds on Africa’s decade-long quest
BY ANWAR HUSSEN MOHAMMED – On the 16th of August 2024, United Nations (UN) Member States adopted, by an overwhelming…
Read More
ECA concludes resilience, sustainable finance support in Egypt
The UN Economic Commission for Africa (ECA) Office for North Africa concluded a five-day fact-finding & advisory services mission to…
Read MoreIMF approves $3.4 billion for Ethiopia
BY YANET FANTAYE WOGAYEHU – The International Monetary Fund (IMF) approved a four-year arrangement under the Extended Credit Facility (ECF)…
Read More
Africa sustainable development report launched in New York
The United Nations Development Program (UNDP), the United Nations Economic Commission for Africa (ECA), and the African Development Bank (AfDB),…
Read More
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 foreign exchange…
Read More
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 million to…
Read More
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 stronger growth,…
Read More
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 in 2024.
Read More
