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AU urged to advance global financial architecture reform agenda – etbaba.com

BY ANDUALEM SISAY GESSESSE – African leaders and the African Union Commission (AUC) are urged to advance justice and reparations for Africa at the ongoing AU Summit. The leaders are told to advance the agenda of reforming the global financial architecture which has been harming African people. The call is made this afternoon by a …

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Bondholders can make 30% profit from rejected Ethiopia deal – etbaba.com

A new report released today finds that Ethiopia’s bondholders would still make 30% profit from the government’s proposed debt restructuring deal. The briefing also concludes that IMF debt sustainability targets could only be met if bilateral creditors accepted being repaid significantly less than bondholders. The report by The Horn Economic and Social Policy Institute (HESPI), …

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WTO, OECD report reflects on data flow regulation – etbaba.com

A new report by the World Trade Organization (WTO) Secretariat and the Organization for Economic Cooperation and Development (OECD) identifies the potential economic implications of regulatory systems for data flows across borders and data localization. The publication underscores the benefits of open regimes that include safeguards and stresses the economic value of finding more convergent …

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IFC invests $50 million in Lagos Free Zone Company – etbaba.com

The International Finance Corporation (IFC) has announced an equity investment of up to $50 million in Lagos Free Zone Company. The investment is aimed at supporting the development and expansion of Nigeria’s first deepsea port-based, private special economic zone, the Lagos Free Zone. This investment is designed to address critical infrastructure gaps, attract local and …

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Merck Foundation, Africa’s first ladies mark World Cancer Day 2025 – etbaba.com

Merck Foundation (www.Merck-Foundation.com), the philanthropic arm of Merck KGaA Germany, marks ‘World Cancer Day 2025’ together with Africa’s First Ladies and Ministries of Health. Through their Cancer Access Program, Merck Foundation is building quality and equitable cancer care capacity in Africa. Senator Dr. Rasha Kelej, the CEO of Merck Foundation, highlighted, “At Merck Foundation, we …

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Phoenix eyes welcoming more Ethiopian students in Canada – etbaba.com

BY YANET FANTAYE WOGAYEHU – Phoenix Magnet Academy (PMA), one of the top boarding international high schools in Canada with world class education and facilities, eyes receiving more students from Ethiopia. “Based on the feedbacks we are getting from the students who already joined us from Ethiopia and the growing interest, we look ward to …

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Ethiopian Quality Award Organization, HayaSebat Marketing partnered – etbaba.com

BY ANWAR HUSSEN MOHAMMED – With the aim of recognizing and awarding manufacturers of quality products and excellent service providers in Ethiopia, Ethiopian Quality Award Organization (EQAO), and HayaSebat Marketing and Branding company have inked a partnership agreement today. The agreement is signed in Addis Ababa this morning between Mr. Tewodros Mebratu, CEO of EQAO, …

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Africa told to pursue just, inclusive circular economy model – etbaba.com

Transitioning to a just and inclusive circular economy in Africa presents a unique opportunity to create jobs, stimulate sustainable economic growth, and reduce pressure on natural resources, say experts. This is indicated by the experts and representatives attending a two-day validation workshop for the review of a Circular Economy Action Plan in Port Louis, Mauritius. …

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