Somalia held a consultative road map meeting last week, which would see its legal structures aligned to those of the East African Community (EAC) to enable it to benefit from the regional bloc. The one-week meeting, attended by EAC partner … Continued
Mombasa port bypassed its main Eastern African competitors, Djibouti and Dar es Salaam, in the latest World Bank global ports index over ship delays and non-tariff barriers. According to the newly released Container Port Performance Index (CPPI) 2023, increasing business … Continued
Toronto – This week, Ethiopia claims to have discovered 21.3 billion cubic meters of natural gas reserves in the Ogaden region in the south eastern part of the country. The Ethiopian Herald, a state-owned media outlet, on Saturday cited Milion Matheos, … Continued
Over the past two decades, the volume of remittances sent globally has increased fivefold. Despite this growth, there is still a pressing need to reduce transaction costs and improve access to financial services for the 1.4 billion adults worldwide who … Continued
The National Fuel Reform Steering Committee has launched a probe into what it says is an unusually large number of businesses applying for permits to operate gas stations and distribute fuel products. Despite an embargo on new fuel distribution and … Continued
Fasano, Italy – This year’s G7 summit bore the hallmarks of a fragile club, yet one that still manages to put up a good fight when it comes to shielding Western interests. On Saturday, the leaders of what were once the … Continued
Ethiopia has earned over $4.2 billion in remittance over the past 10 months, a senior official has disclosed. Briefing journalists on Wednesday, the country’s Minister of Planning and Development Fitsum Asefa said the country is attracting over $4 billion on … Continued
Addis Abeba – Ethiopia’s coffee industry is experiencing a robust year, with exports reaching a staggering $1.2 billion in the past 11 months, according to the Coffee and Tea Authority. This revenue stems from the export of 252,446 tons of coffee … Continued
LONDON, (Reuters) – Africa needs quicker debt restructurings, more favourable lending terms and some $25 billion for the Africa Development Fund to avoid a lost decade, the head of its development bank said. The continent was suffering from “long fiscal COVID” and … Continued
Boeing, the world’s largest aerospace company, has picked Ethiopia for its new Africa headquarters. South Africa and Kenya were passed over as preferred locations, losing out on the resulting investment. On The Money Show, Bruce Whitfield notes that Boeing … Continued
South Korea is banking on its first summit with African leaders on Tuesday to raise its profile on the continent and boost economic ties, officials said ahead of the meeting in Seoul. But in an Africa where China, the US, … Continued
Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Djibouti on March 22, 2024. After the negative shock of the pandemic and a weak recovery in 2021, the November 2022 peace agreement in Ethiopia … Continued
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