Ethiopia to Privatize Sugar Projects in First Quarter of 2020

Ethiopian Ministry of Finance announced today that six sugar projects will be privatized in the first quarter of 2020.  Finance State...

Global Efforts Needed to Accelerate Digital Economy Benefits: UN Report Says

Concerted global efforts are required to spread the rapidly expanding digital economy’s gains to many people who currently reap little benefit from it, according...

South Africa’s Eskom Begins 400MW Power Supply to Zimbabwe

South African utility Eskom Holdings SOC Ltd. began exports of up to 400 megawatts into Zimbabwe on Friday, easing a protracted power crisis characterized by...

World Export Development Forum Opens in Ethiopia

The World Export Development Forum (WEDF) was opened in Addis Ababa today under the theme “Trade and Invest in One Africa.”

How Africa can secure its long-term economic growth

In recent weeks we have seen investors discarding riskier assets for perceived safe havens, such as government bonds, due to escalating trade tensions between...

Kenya Opens Second Phase of Massive Railway Project

By Ruud Elmendorp NAIROBI - Kenya's President Uhuru Kenyatta officially opened on Wednesday the second phase of his flagship infrastructure project:...

Time for a Gold Rush in West Africa?

Africa’s largest money manager sees "significant investment opportunities" in West African gold mining as the industry at the southern end of the continent declines.

East Africa continues to develop as important gas hub

East Africa and the Indian Ocean have witnessed substantial discoveries of oil and gas in in the last decade, but the full potential of...

BRI could Help Africa Achieve Transformation Agenda

NAIROBI- China's Belt and Road Initiative (BRI) could play a major role in helping Africa achieve its economic transformation agenda, a Kenyan official said on...

Japan Plans to Double Africa’s Rice Production by 2030

The Sasakawa Association will work with the Japan International Cooporation Agency (JICA), to help double rice production to 50 million tonnes by 2030.  Japanese...

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China Remains Dev’t Partner of Africa: AUC

China remains one of the strategic development partners for structural transformation in Africa, the African Union Commission (AUC) said. A two-day conference...

Ethiopian Airlines named CAPA Airline of the Year

Ethiopian Airlines, IndiGo and Qantas Airways received the top airline awards at the 2015 CAPA Aviation Awards for Excellence, held on 7-Oct-2015 in Helsinki as part of CAPA’s 2015 World Aviation Summit. Athens, Budapest and Vancouver were...

COMESA, EU sign €8.8 million to support private sector competitiveness

The European Union and COMESA signed 8.8 million Euros Contribution Agreement to increase private sector participation in sustainable regional and global value chains through...