By Pierre Donadieu and Aurelia End EIGHT candidates are vying to become the next head of the strategic African Development Bank as the continent is undergoing an economic transformation in an anticipated vote that will pit some of the region’s major players against each other. With 80 AfDB shareholders—54 African states and 26 non-African countries—set...
By Yonas Abiye The Government of Ethiopia is going to launch a campaign to win votes for Sufian Ahmed, who is one of the candidates for the presidency of the African Development Bank (AfDB), the continental policy lending institution. The current Minister of Finance and Economic Development of Ethiopia, Sufian, who will turn 57 in...
By Rene Vollgraaff Three African finance ministers are among eight candidates in the running to replace Donald Kaberuka as president of the African Development Bank. Ethiopia’s Sufian Ahmed, Chad’s Kordje Bedoumra and Cristina Duarte from Cape Verde have been nominated for the position, the lender said in an e-mailed statement on Friday. The other candidates...
By Abdullahi Ahmed Nor The recent tripartite agreements signed in Asmara last week, which seek to align the interests of Somalia, Eritrea, and Egypt, initially appear to be a strategic step towards neutralizing Prime Minister of Ethiopia Mr. Abiy Ahmed’s ambitions to annex Somali coastal territory in the North. However, if we carefully assess the...
By Ali Haji Warsame Somalia has numerous universities across the country, from the North to the South and East to the West, where thousands of students, after completing their secondary school leaving certificate in the 12th year, typically enroll each year. These universities offer a range of courses, including Accounting, Marketing, Management, Law, Business Administration,...
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 the world was not doing enough to help it move past the punishing years of...
Somalia President Hassan Sheikh Mohamud visited the Business Bay Square Mall (BBS Mall) in Eastleigh, Nairobi. He was accompanied by a delegation including Kenyan Defence CS Aden Duale, Somalia Ambassador to Kenya Jabril Ibrahim Abdille, and Kamukunji MP Yussuf Hassan. He explored the complex, including the bowling area (Party on Arcade), the mosque, the diverse food...
The East African economy is projected to grow by 5.1 percent this year with Kenya, Rwanda and Tanzania leading the region’s economic momentum. A report by audit, tax and consulting firm RSM (Eastern Africa) Consulting Ltd, dubbed “The East African Economic Outlook 2024” and presented during the EAC CEO Roundtable on Tuesday in Nairobi, reveals...
A year ago, the world was celebrating the signing of agreements to end the brutal war waged in Ethiopia’s Tigray region from late 2020 through 2022. Leaders and analysts were turning their focus to economic and social recovery for the vast nation in the Horn of Africa, assessing the reconfigured regional security dynamics, and rebuilding frayed...
By Charles Onyango-Obbo The African cross-border infrastructure affair is getting steamy again. The latest, we learnt the other day that the US, European Union, the African Development (AfDB), and the Africa Finance Corporation launched a meaty $600 billion project to develop the Lobito Corridor to the Democratic Republic of Congo, and the Zambia–Lobito railway, which...