Ethiopia vows to tackle inflation
The President of Ethiopia Sahle-work Zewde said tackling inflation will be one of the priorities of the Government…
Economy
Continental conference to reflect on climate-smart development
The island nation of Mauritius is set to host the 2022 African Economic Conference (AEC) that will reflect…
Djibouti, Dire Dawa cities ink multiple front cooperation
Dire Dawa City of Ethiopia and the neighboring country’s city of Djibouti have expressed intent to revitalize and…
Creative economy offers countries path to development
A new report by the UN agency for trade and development (UNCTAD) says the creative economy offers a…
The Gambia GDP growth shrinks to 4.5 percent
The International Monetary Fund (IMF) said GDP growth of The Gambia in 2022 is expected to decline to…
IMF advices Burundi to improve forex reserves
The International Monetary Fund (IMF) advised the Government of Burundi to improve its foreign exchange (forex) reserves.
Digital Cooperation Organization advances digital prosperity global discussion
The Digital Cooperation Organization (DCO) participated in the United Nations General Assembly (UNGA) in New York, to foster…
ITC recommends connected services for small businesses growth
A new report released by the International Trade Center (ITC) recommends for connected services (Transport and logistics, financial…
Alternative asset fund listings demand still high despite volatility
New research from diversified financial services group Ocorian shows institutional investors are still confident about demand for alternative…
UNECA boss stepped down after five years
United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (UNECA), Vera Songwe, has stepped down,…
Ethiopia, Uganda call for Nile deal expedite ratification
The Nile Basin countries’ one-day ministerial meeting concluded in Dar eSalam, Tanzania with a call from Ethiopia and…
Africa commemorates civil registration and vital statistics day
The fifth Africa Civil Registration and Vital Statistics Day will be commemorated on 10 August 2022, during the…
Cabo Verde becomes Africa50’s 32nd shareholder
Africa50, the pan-African infrastructure investment platform, has welcomed the Republic of Cabo Verde as its newest Shareholder country.
Political forum on sustainable development kicks off in New York
The 2022 High-Level Political Forum on Sustainable Development (HLPF) officially opened on 5 July, with a call to…
Ethiopia, most African nations offtrack of achieving SDGs
Ethiopia and most African countries are not on track of attaining any of the 17 Sustainable Development Goals…
Africa, Caribbean development banks collaborate
Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier…
Ethiopia increases annual budget by 17 percent
The Ministry of Finance of Ethiopia has proposed a total budget of 786.6 billion Birr for the next…
African ministers call for global financial system reform
African economy, finance and planning ministers, businesses and economists attending a conference in Dakar, Senegal, have made an…
Report on Africa addresses continent’s vulnerability during COVID-19
The disruptions caused by the COVID-19 pandemic pushed an estimated 55 million Africans into extreme poverty in 2020…
Eid-to-Eid Great Ethiopian Homecoming takes place
The official opening ceremony of the Eid-to-Eid Great Ethiopian Homecoming is underway in Addis Ababa, Ethiopia, at Friendship…
Ethiopia reports 34.7 inflation in March 2022
In March 2022, the year-on-year general inflation rate in Ethiopia increased to 34.7 percent, after reaching 33.6 percent…
World Bank approves $300 million grant to Ethiopia
To help Ethiopia address these challenges, the World Bank has approved a $300 million International Development Association (IDA)…
Debt financing makes difficult Africa’s recovery from COVID-19
The crippling cost of debt financing for many developing countries has hamstrung their recovery from the COVID-19 pandemic,…
African Development Bank, African Union signed capacity building deal
African Union Commission and African Development Bank on Monday signed the protocol of agreement for the African Union…
Accra set to host next African Development Bank annual meeting
Ghana is set to host the African Development Bank Group’s 2022 Annual Meetings from 23-27 May in its…
Africa progresses in addressing gender discriminatory law
Benin, Djibouti, Somalia, Zimbabwe and Liberia show the countries have successfully put national policies in place to advance…
Ethiopian delegation attends Doha Forum in Qatar
The 20th Doha Forum is taking place in Qatar in attendance of CEOs and leaders of many countries,…
African Development Bank allocates $2.8 billion for South Africa
African Development Bank Group President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing…
Global partners launch Alliance for Entrepreneurship in Africa
To support a stronger private sector, entrepreneurship and the growth of small and medium-sized businesses across Africa, African,…
Ethiopia economy set to grow 8.7 percent this year
The Government of Ethiopia forecasted 8.7 percent economic growth for the current Ethiopia’s budget year started July 8,…