Ethiopia: Latest News
Dana Sanchez, 12:12 pm
Considering Ethiopia’s high rate of poverty, investment in the country’s information and communication technology is among the highest in the world, according to a report in BizTechAfrica. Ethiopia’s committed investment in ICT accounts for 10 percent of its overall gross domestic product, and the government has invested $14 billion-plus in this sector over the last […]
Dana Sanchez, 12:06 pm
Proponents of a sustainable and integrated maritime domain in the waters around Africa say it will be easier to achieve than a United States of Africa, according a report in IndependentOnline. Such a domain would include an exclusive economic zone, key to developing a sustainable “blue economy” for the continent, the report said. Today, each […]
Dana Sanchez, 3:53 pm
African Development Bank’s single-platform collection, analysis and sharing of information on Africa now gives global business leaders and investors access to data on all 54 countries in the continent, according to a report at VenturesAfrica. Users will be able to extract data, create and share customized reports, and visualize data across themes, sectors and countries through tables, charts, and […]
Dana Sanchez, 3:16 pm
A third of African countries have economies growing by more than 6 percent and almost half of them – 26 out of 54 – are now considered middle income countries, according to a new report by African Development Bank. This growth was driven by the private sector. Looking ahead, growth will rely on regional economic co-operation […]
Makula Dunbar, 2:42 pm
Last Wednesday, the foreign ministers of Ethiopia (Tedrose Adhanom PhD) and Djibouti (Mohamed Ali Youssouf) signed and an agreement that would grant Djibouti power system interconnection access once Ethiopia’s Grand Renaissance Dam project reaches completion, All Africa reported.
Dana Sanchez, 2:44 pm
Sub-Saharan African will need more than $300 billion to achieve universal access to power by 2030, according to a report by the International Energy Agency.
Makula Dunbar, 12:21 pm
The International Monetary Fund has urged the Ethiopian government to allow more private investment in areas of the economy that it normally controls as a monopoly. A visiting IMF mission has for the last two weeks been meeting with several top government officials to discuss the country’s economy.
Dana Sanchez, 11:36 am
U.S. and African officials plan to meet in August in Addis Ababa to assess trade growth. They should push to drop complex tariffs, needless checkpoints and other customs barriers that impede cross-border trade, an editorial suggests.
Dana Sanchez, 5:04 pm
Old Mutual, which started in South Africa more than 100 years ago, is building its operations on the continent as emerging markets contribute the bulk of the insurer’s earnings.
Dana Sanchez, 12:17 pm
Delonex plans to focus mainly on Ethiopia, Kenya, Uganda and Central Africa since the region is still in its early days of exploration, the company says.
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