COVID-19 devastates African economies
African Ministers of finance, economic planning and development who concluded their 53rd round of meetings in Addis Ababa,…
Economy
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…
Ethiopia unveils independent economic advisory members
The Government of Ethiopia today unveils sixteen members of independent economic advisory council of Ethiopia, who will assist…
AU approves start of African Continental Free Trade Area training
African leaders at a summit today have approved that trading should start on 1 January next year as…
Ethiopia secures half a billion dollar to enhance safety net
The World Bank and the Government of Ethiopia inked this morning a $512.5 million loan and grant agreement,…
UN stresses need to improve poor countries’ productive capacities
Efforts to rebuild the economies of the world’s poorest nations postpandemic will fall significantly short unless their productive…
African economies to experience lower growth in 2020
Most of African economies will be likely to experience lower growth lower than expected growth in 2020 compared…
Rockefeller Foundation commits $1 billion for green recovery from pandemic
The Rockefeller Foundation will commit USD1 billion over the next three years to catalyze a more inclusive, green…
Ethiopia GDP surpasses $100 billion says PM Abiy
The Gross Domestic Product (GDP) of Ethiopia has increased last year to 3.375 surpassing $100 Billion for the…
Ethiopia distributes 96 billion Birr new currency notes
The National Bank of Ethiopia said it has distributed over 96 billion Birr (about $2.6 billion) valued new…
Africa needs modern African statistical systems, Ethiopian President
The seventh meeting of the Statistical Commission for Africa (StatCom7) opened virtually on Tuesday with a clarion call…
Meeting stresses private sector role in post-pandemic development
Delegates representing African finance and development ministries, and the private creditor community virtually met to discuss the role…
Landlocked developing countries need support- UN agency
The Economic Commission for Africa (ECA) on Wednesday participated in the Annual Ministerial Meeting of Foreign Ministers of…
Ethiopia introduces new currency
The Government of Ethiopia has unveiled new currency notes replacing the old ones, Prime Minister Abiy Ahmed, said.
Ethiopia introduces 10 years plan to become prosperous
NEWS – Planning Commission of Ethiopia introduces a ten years development plan that targets cutting the number of…
Ethiopia foreign debt declines to 25 percent
Ethiopia’s foreign debt has declined over the past two years from 31 percent of its GDP to 25…