Liberalizing telecom in Ethiopia positively impacts all economy, PM says
The introduction of competition as a result of the opening up of the telecom sector is expected to…
Economy
Africa Local content fund to catalyze research
Poised to take full advantage of emerging opportunities in local content administration, key stakeholders and policy leaders in…
MasterCard foundation to deploy $1.3 billion in partnership with Africa CDC to save lives and livelihoods
The Mastercard Foundation has announced that it will deploy $1.3 billion over the next three years in partnership…
Sumitomo executive vice president praises gov’t for transparent handling of telecom bid
Sumitomo Corporation Executive Vice President, Toshikazu Nambu has reportedly thanked the Government of Ethiopia for transparently handling the…
Global smart factory market to reach $214.2 billion by 2026
A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released…
Global data center accelerators market to reach $46.6 billion by 2026
A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released…
African Development Bank President visits Ethiopia
African Development Bank President Adesina Akinwumi visits Ethiopia and discussed on development related topics with Prime Minister of…
U.S. President requests $58.5 billion for State Department, USAID
The United States President Joe Biden requests $58.5 billion 2022 fiscal year budget for the State Department and…
African Development Bank Board approves water policy
The Board of Directors of the African Development Bank Group has approved a new policy on water, prioritizing…
State enterprises in Ethiopia generate $1.4 billion revenue
The state enterprises of Ethiopia have generated a total of about 59.8 billion Birr (close to $1,4 billion)…
UN meeting to focus on resilient recovery from the COVID-19
The United Nations Conference on Trade and Development (UNCTAD) is set to bring together experts to explore how…
UN agency to accelerate legal identity in Africa
The Economic Commission for Africa (ECA) and its partners have developed a new framework that is aimed at…
Severe downturn undermines African development prospects – UN report
The United Nations today warned that the devastating socio-economic impact of the COVID-19 pandemic will be felt for…
Increasing debt suspension arrangements for low, middle income countries
Several heads of state and government, the United Nations and heads of multilateral development finance institutions on Monday…
COVID-19 devastates African economies
African Ministers of finance, economic planning and development who concluded their 53rd round of meetings in Addis Ababa,…
UN agency, PIMCO to setup liquidity, debt sustainability facility
The UN Economic Commission for Africa (ECA) is to set up a Liquidity and Sustainability Facility (LSF) that…
African finance minister meeting opens in Addis
Organized by the United Nations Economic Commission for Africa (UNECA) the 53rd session of the Conference of African…
Experts’ meeting takes stock of Africa’s achievements
The 39th ECA Committee of Experts of the Conference of African Ministers of Finance, Planning and Economic Development…
COVID-19 worsens plight of Africa’s least developed countries
Mozambique, Sao Tome and Principe, Somalia and Sudan are in debt distress while 11 other African countries are…
Africa’s economic downturn affects SDGs progress
Before the onset of the deadly novel coronavirus (COVID-19), Africa was recording positive growth rates but not enough…
Half a billion Africans falling below extreme poverty line in 2021
African growth trajectories and the impact of COVID19 are currently shedding doubts on countries’ ability to reach this…
Ethiopia economy grows 2 percent this year, IMF says
The International Monetary Fund (IMF) forecasts that Ethiopia’s economy will only grow by 2 percent for the current…
African women’s empowerment in the AfCFTA era
The African Trade Policy Centre (ATPC), a unit of the UN Economic Commission for Africa (UNECA), in collaboration…
Digitalization – Sustainable Development Goals critical accelerator
Kenyan President, Uhuru Kenyatta, on Monday passionately delivered an inspiring keynote address during the Economic Commission for Africa’s…
African ministers discuss economic response to COVID-19
The Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, on Friday 5 February 2021 met…
Ethiopia denies intentions to implement debt treatment exercise
The Ministry of Finance of Ethiopia has denied recent press reports of its intentions to implement debt treatment…
Djibouti pursues its ambitious growth projects in 2021
In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti…
Ethiopia secures $1.4 billion remittance from diaspora
During the first five months of the budget year of the country started July 8, 2020, the Government…
Africa common market needs public private partnership to succeed
The success of African Continental Free Trade Area, which goes operational on Friday January 1, 2021, depends on…
UN report focuses on private sector’s resilience to COVID-19
The Economic Commission for Africa (ECA) on Tuesday launched its flagship Economic Report on Africa, titled: “Innovative Finance…