Massive infrastructure spending needed in Africa
Economic growth in Africa picked up steam last year and is set to accelerate strongly in 2018, but “massive investments” are needed in infrastructure, the African Development Bank (ADB) said. Growth in...
View ArticleEast Africa Remains Fastest Growing in Africa in Coming Years
Projecting Africa’s aggregate growth and domestic product (GDP) to grow at 3.5 percent in 2018, and 3.7 percent in 2019, a new UN report reiterates that East Africa remains fastest-growing sub-region...
View ArticleAfrican Development Bank launches the 2018 Edition of the African Economic...
The African Development Bank is launching the 2018 edition of its yearly flagship report, the African Economic Outlook (AEO), on Wednesday, January 17, 2018 at its headquarters in Abidjan. As a leading...
View ArticleChinese Wuxi No.1 to establish $220mln textile industry in Dire Dawa
Wuxi No.1 Cotton Textile Plc, one of the largest textile manufacturers in China laid a cornerstone to establish an integrated textile industry in Dire Dawa industrial park. The company will erect its...
View ArticleEthiopia to host int’l floriculture horticulture trade fair
An international floriculture and horticulture trade fair that involves 120 local and foreign participants will be opened in March, 2018 in Addis Ababa. The 120 participants of “HORTIFLORA EXPO 2018”...
View ArticleChinese Firm to Install over $4bln Natural Gas Pipeline from Ethiopia to...
The Ministry of Mines, Petroleum and Natural Gas and the Chinese POLY-GCL company have concluded an agreement for the installation of a natural gas pipeline from Ogaden to Djibouti. POLY-GCL Company...
View ArticleFairfax Africa Fund Plans to Build $4 Billion Oil Refinery in Ethiopia
Fairfax Africa Fund a US-based investment firm, in collaboration with multiple partners from Asian countries is planning to build an oil refinery in Ethiopia with a total investment cost of four...
View ArticleAfrica’s Bright Prospects For 2018
In recent years, as the world has focused on the message from African leaders in government, business and civil society that Africa is rising, the price of grid connected renewable energy has...
View ArticleThe Economy at Crossroads
It is two narratives of the same economy, as seen and felt from the perspective of two broadly categorized entities risk analysis companies and the Bretton Wood Institutions, and the very businesses...
View ArticleThe Growing Importance of Renewable Power in Africa
To fuel economic growth and support its growing population, Africa needs power. Renewable energy technologies and distributed infrastructure are playing an increasingly important role in the...
View ArticleEight Expired Medicines Disposal Machines to go Operational
Eight modern machines which would help to dispose expired medicines and medical equipment locally are to operational, according to Ethiopian Pharmaceuticals Fund and Supply Agency. Adna Berhe, public...
View ArticleEthiopia and Egypt Ease Tension with Investment Cooperation
Egypt and Ethiopia have started recuperating their relationship reaching an agreement to establish a joint investment technical committee. The two countries have been locked in a tense relationship...
View ArticleEight Expired Medicines Disposal Machines to go Operational
Eight modern machines which would help to dispose expired medicines and medical equipment locally are to operational, according to Ethiopian Pharmaceuticals Fund and Supply Agency. Adna Berhe, public...
View ArticleUK’s Butyl Introduces Products to Ethiopian Market
Butyl Products Group (BPG), United Kingdom’s company specialized in design, development, manufacture and installation of liquid containment module systems introduces two products to customers in...
View Article32nd Ordinary Session of AU Executive Council Opens Today
The 32nd Ordinary Session of the Executive Council of the African Union (AU) opened today in Addis Ababa at the AU Headquarters. The two-day meeting brought together all the ministers for foreign...
View ArticleAfrican Leaders call for “Partnership not Support” at Africa Business and...
Their message was loud and clear: Africa requires partnership, not support. African Heads of State insisted they have a clear mandate to work with both public and private enterprises, to ensure the...
View ArticleEthiopia among 17 economies to grow faster than China
Ethiopia is among the 17 economies that will grow faster than China in terms of Purchasing Power Parity (PPP) in 2018, according to projections of PricewaterhouseCoopers (PwC) Global Economy Watch. The...
View ArticleThe Power of Going Green in the Cleaning Services Industry
In 2016, two significant factors affected the contract cleaning market in South Africa. The most important of these was increased demand for environmentally-friendly practices in cleaning solutions....
View ArticleShanghai import expo to open new opportunities for Ethiopian products
The upcoming China International Import Expo (CIIE) will provide new opportunities for Ethiopia to export its products to one of the world’s largest markets, said Ethiopia’s State Minister of Trade...
View ArticleEthiopian begins freighter service from Bahir Dar to Europe to facilitate...
In order to reach the world market for horticulture, the Ethiopian Airlines (Ethiopian) began direct freighter flight from Bahir Dar, the capital of Amhara regional state, to Liege, Belgium, carrying...
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