Kenyatta calls for accelerated private sector investment in infrastructure
President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda.
French President Macron meets 2000 young African entrepreneurs
French President Emmanuel Macron offered a bold and new vision of France’s relationship with Africa, speaking at an exclusive session hosted by the Tony Elumelu Foundation in Lagos today.
African Development Bank introduces excellence in leadership prize
The African Development Bank President, Akinwumi Adesina, has instituted a special prize for excellence in leadership in memory of Tonia Kandiero, late Director General of the Bank’s Southern Africa Regional Development and…
UN announces exceptional businesswomen award winners
The United Nations Conference on Trade and Development (UNCTAD) announces the finalists of the sixth Empretec Women in Business Awards.
United States to invest $1 billion in Africa
Development finance institution of the United States government known as, Overseas Private Investment Corporation (OPIC), today launched its ‘Connect Africa’ initiative which will mobilize more than $1 billion to projects in Africa.…
United States fact-finding team concludes mission in Ethiopia
Ethiopia was the first stop of a four-nation President’s Advisory Council on Doing Business in Africa (PAC-DBIA) fact-finding trip to Africa led by U.S. Under Secretary of Commerce for International Trade Gilbert…
Washington D.C. forum to discuss diaspora roles in new Ethiopia
The 12th edition of the annual Ethiopian Diaspora Business Forum will this year focus on what roles the Diaspora may have in the future socio-economic landscape of the changing Ethiopia, organisers announced…
Ethiopia, Tanzania, Kenya, Uganda best for investors
Ethiopia, Tanzania, Kenya and Uganda offer investors a reward score above the African continent’s average, according to the 2018 Africa Risk-Reward Index from Control Risks and Oxford Economics.
Ethiopia secures $3 billion investment from United Arab Emirates
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE), who is on official visit in Ethiopia, signed a $3 billion investment agreement…
Nissan introduces environmental impact reduction plan
Nissan Motor Co., Ltd. today launched Nissan Sustainability 2022, a plan to reduce the company’s environmental impact, strengthen diversity and inclusion, and enhance governance.
FDI to West Africa fell 11% to $11.3 billion
Foreign Direct Investment (FDI) to West Africa fell by 11% to $11.3 billion in 2017 as compared to the previous year, according to World Investment Report 2018 released today.
FDI flow to Africa declines, UN report
Foreign Direct Investment (FDI) flows to Africa slumped to $42 billion in 2017, a 21% decline from 2016, says World Investment Report 2018.
UN says global foreign direct investment flows down 23%
Global foreign direct investment (FDI) flows fell by 23% in 2017, to $1.43 trillion from $1.87 trillion in 2016, according to the United Nations Conference on Trade’s (UNCTAD’s) World Investment Report 2018.
Ethiopia ends monopoly over telecom, airline, electricity, shipping line
In a major policy shift, the Government of Ethiopia decides to liberalize major state monopoly companies including Ethiopian Airlines, Ethio Telecom, Ethiopian shipping Lines and Ethiopian Electric Power Corporation.