Ethiopia debt service expenditure up 26 percent
For two consecutive years, debt service continues to be the highest budgetary line item, absorbing 159 billion Birr,…
Economy
Botswana’s economy slows to 3.8 percent in 2023, IMF predicts
The International Monetary Fund (IMF) predicted Botswana’s economic growth to slow to 3.8 percent in 2023.
UN warns of soaring $92 trillion global public debt
The United Nations Secretary-General today presented the report, “A world of debt. A growing burden to global prosperity”…
Russia invites African businesses for business cooperation
By Andualem Sisay Gessesse- Ahead of the upcoming second Russia-Africa Summit scheduled to take place in St. Petersburg…
Africa’s economic reputation focus of first Africa PR
BHM Research and Intelligence (BR&I) in partnership with Magna Carta Reputation Management Consultants, has launched the maiden edition…
African Development Bank initiative on IMF Special Drawing Rights gets support
World leaders attending this week’s Summit for a New Global Financing Pact in France praised the African Development…
IMF welcomes Zambia’s debt treatment agreement
The International Monetary Fund (IMF) has welcomed the debt treatment agreement reached by Zambia and its official creditors…
U.S. – Africa Summit agreements bearing fruits – U.S. officials
The implementation of the decisions and agreements made during the latest U.S-Africa Summit to boost economic and political…
Africa urged to accelerate AfCFTA full implementation
Africa should accelerate the full implementation of the African Continental Free Trade Area while creating a conducive business…
Zimbabwe vows to end debt burden
Zimbabwe President Emmerson Mnangagwa has reassured development partners and creditors that his government is committed to the implementation…
West Africa meeting focuses on informal sector
West African experts met in in Lomé, Togo this week to review the draft study report on the…
Cairo summit reflects on women’s economic participation
The International Finance Corporation (IFC), a member of the World Bank Group, and the World Bank Group, today…
Debt: East, West new weapon to colonize Africa
BY ANDUALEM SISAY GESSESSE Accra, Ghana – African countries are at risk of falling once again into debt…
IMF agrees to release additional funding to Seychelles
An International Monetary Fund (IMF) mission led by Calixte Ahokpossi, Mission Chief for Seychelles, visited Victoria March 16-29,…
EC, IMF host African fiscal forum
BY WOUBISHET SISAY – European Commission (EC) and the International Monetary Fund (IMF) on Tuesday host the African…
Rising poverty, inequalities threaten Sustainable Development Goals
Development experts have warned that persistent poverty and inequality are likely to undermine prosperity, peace and security in…
African experts reflect on structural transformation in Africa
Practical and innovative ways are critical to accelerate inclusive economic transformation in Africa, said African experts who are…
Africa advised to deepen integration to see economic benefits
African countries need to do more to accelerate the African Continental Free Trade Agreement (AfCFTA) and the ratification…
Burkina Faso gets partners to develop Kaya-Dori axis
The Korean International Cooperation Agency (KOICA) and the Global Green Growth Institute (GGGI) signed a financing agreement on…
Transformative change in SDG implementation vital
African leaders have made the case for increased investment in technology and innovation to accelerate the implementation of…
African Development Bank certified in gender equality
A year after launching the EDGE certification process, the African Development Bank has attained Level 1 Assess, in…
Platform urged to scale up its support to African countries
UN Deputy Secretary-General Amina J. Mohammed called on developing Africa’s common positions on emerging issues in support of…
Africa needs fresh commitment, investment to achieve SDGs
Africa needs a paradigm shift to deliver sustainable development by making a fresh commitment and increasing investment to…
Taking stock of progress on SDGs implementation
African countries should learn from the experience of each other including successes, challenges and lessons learned, with a…
Africa journalists to reflect on debt reporting in Accra
African business and economy reporters are set to gather in Accra, Ghana next month for the third African…
Effective AfCFTA implementation will boost Africa’s economy
Acting Executive Secretary of the Economic Commission for Africa (ECA), Antonio Pedro, has urged African nations to accelerate…
Africa needs pro-poor, inclusive recovery efforts
Following the multiple financial, health, and climate crises affecting Africa, countries should accelerate inclusive recovery efforts to boost…
Africa advised to undertake wide-ranging reforms
African countries should institute wide-ranging fiscal reforms to expedite sustainable recovery from multiple crises which have hindered industrialization…
AfDB provided $1 billion to African women entrepreneurs
The African Development Bank’s (AfDB) Affirmative Finance Action for Women in Africa (AFAWA) initiative has reached a landmark…
Dubai launches $8.7 trillion economic target
Dubai today launched the Dubai Economic Agenda 2033 (D33) with the ambitious goals of doubling the size of…