Ethiopian Airlines successfully weathered the Covid pandemic by shifting its strategy, but Africa’s only profitable carrier still faces “real challenges” in sourcing parts and staying competitive at a time of inflation, its CEO told AFP. The 2022-2023 financial year ending June … Continued
Addis Abeba – The World Bank said the Addis-Djibouti corridor will get a significant upgrade with a $730 million grant following a newly approved Horn of Africa Initiative’s Regional Economic Corridor Project. The “vital trade route and a lifeline for Ethiopia’s … Continued
Kenya’s economic growth for the first three months of the year slowed on the back of deceleration in most key sectors amid a recovery in farming activities, the statistics agency announced Tuesday. Kenya’s economic growth for the first three months … Continued
An intense fire broke out at the Jigjiga market, situated in the capital city of the Somali state in Ethiopia, on Friday evening. The market, which is a central commercial district in the city, was rapidly engulfed by the devastating … Continued
China is helping African countries upgrade their infrastructure, from telecom networks to high-speed railways, as the world’s second-largest economy brings cash and technologies to the continent. China’s investment in Africa has continued to grow as it has remained the continent’s … Continued
Kenyan President William Ruto has called on African countries to shift away from using the US dollar for intra-African trade. During his address at the Djibouti parliament on Tuesday, Ruto spoke on the need to abandon dependence on the US … Continued
By Abdighani Hirad Summary Is Somalia ready to join the East African Community (EAC)? Would Somalia’s political, economic, and social fragility put it in a weak position and negate any benefits derived from the EAC? Given inadequate labor export capacity … Continued
Uganda’s constitutional court on Friday repealed the country’s Narcotic Drugs and Psychotropic Substances (Control) Act, 2015 which, among other things, prohibited the sale and use of several narcotic drugs in the country. This follows a 2017 petition to the court … Continued
Ethiopian Airlines Group, the largest aviation group in Africa, holds a grand opening of the largest hotel on the African continent as it inaugurates the second phase of the Ethiopian Skylight Hotel. Ethiopian Airlines opened the first phase of the … Continued
A crucial component of a nation’s development is economic growth, which is determined by how much more commodities and services are produced over time. Economic growth is a sign of a nation’s general well-being and wealth. Several countries have seen … Continued
Addis Abeba– World Bank Group President David Malpass met with Ahmed Shide, Minister of Finance of Ethiopia. In his conversation with Minister Shide, President Malpass discussed the progress achieved by Ethiopian authorities in the implementation of the November 2022 peace … Continued
The world economy is expected to grow less than 3 percent this year, down from 3.4 percent last year, increasing the risk of hunger and poverty globally, the head of the International Monetary Fund (IMF) has said. Kristalina Georgieva said … Continued
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