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.
Economy
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,…
Africa recommitted to achieving Sustainable Development Goals
African countries recommitted to achieving Sustainable Development Goals (SDGs) by building better through investing in green growth to…
Korea agency provides $20 million grant to Ethiopia
Korea’s international development agency known as KOICA has agreed to provide $20 million grant to Ethiopia in support…
Ethiopia set to host African youth summit
Ethiopia is set to host the 4th African Youth Sustainable Development Goals (SDGs) Summit scheduled to take place…
Africa to build on progress towards Agenda 2063
The 8th African Regional Forum for Sustainable Development (ARFSD) opened with a reminder for Africa to acknowledge the…
UN agency launches AfCFTA Country Business Index Report
The UN Economic Commission for Africa (ECA) unveiled today the African Continental Free Trade Area (AfCFTA) Country Business…
IFC official to visit Djibouti, support job creation
The International Finance Corporation (IFC’s) Regional Vice President for Africa, Sérgio Pimenta, is set to visit Djibouti from…
Russia opens Africa–Russia economic cooperation office in Ethiopia
The Government of Russia has opened Africa-Russia economic cooperation coordination committee office in Addis Ababa, Ethiopia on Wednesday.
Kigali set to host regional forum on sustainable development
The capital of Rwanda, Kigali is set to host the 8th Session of Africa Regional Forum on Sustainable…
Women can add $12 trillion to global GDP – IMF says
In its new paper released on Friday the International Monetary Fund (IMF) said global GDP could increase by…
Ethiopia, Slovenia agree to strengthen ties
On the sidelines of the 6th European Union – African Union Summit opened today in Brussels, Belgium, Prime…
Investment in agribusiness, energy grows Ugandan economy
Uganda could grow its economy, create jobs, and strengthen its trade position in East Africa by increasing private…
European Investment Bank backs African private sector
Private sector investment across Africa, essential to tackle the impacts of COVID-19 and unlock sustainable growth, will be…