For 2025, GDP growth is projected to reach 2.5 percent as economic activity picks up, especially in the second half of the year, driven by the recovery in the services sector, says the International Monetary Fund (IMF). This is indicated after IMF staff team led by Mr. Pablo Lopez Murphy visited the country and conducted …
Service sector recovery to drive Mozambique economy in 2025 – etbaba.com Read More »
Vertiv Holdings Co (NYSE: VRT), among the global leaders in critical digital infrastructure, today announced it has acquired Waylay NV, a Belgium-based leader in hyperautomation and generative AI software platforms. The investment is said as part of its continued investment in AI-driven monitoring and control technologies for its power and cooling systems. Vertiv expects this …
Vertiv Holdings Co acquires Waylay NV – etbaba.com Read More »
Heirs Holdings, the family-owned pan-African investment group created by Tony O. Elumelu, CFR, marks its 15th anniversary this month, celebrating a decade and a half of catalysing transformative, long-term investment in Africa. Established in 2010, Heirs Holdings was founded on a mission: to transform Africa, creating economic and social wealth; a demonstration of Tony Elumelu’s …
The 15 years journey of Nigerian capitalist – etbaba.com Read More »
Africa’s millionaire population is projected to grow by 65% over the next decade, according to the newly published Africa Wealth Report 2025. The continent is currently home to 25 billionaires, 348 centi-millionaires, and 122,500 millionaires — a remarkable transformation from the late 20th century, when there were only a few billionaires and many African economies …
Africa’s millionaire population to grow 65% – etbaba.com Read More »
Nigerian independent oil and gas producer Heirs Energies aims to scale production to 110,000 bpd within the next five years, supported by additional drilling, well reactivations and infrastructure upgrades. The company pursues ambitious growth plans, including doubling its oil output by 2030 and expanding its footprint across Africa. Operator of OML 17 in Nigeria, Heirs …
Heirs Energies to scale production to 110,000 barrels per day – etbaba.com Read More »
In an effort to deepen economic ties between Japan and Africa, the African Trade & Investment Development Insurance (ATIDI) invites Japanese to expand their investment in Africa This is indicated on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9), taking place in Yokohama, Japan where ATIDI, Mitsubishi UFJ Financial Group (MUFG), …
ATIDI invites Japanese to expand investment in Africa – etbaba.com Read More »
By Andualem Sisay Gessesse – Introduction: Navigating Ethiopia’s Growing Investment LandscapeEthiopia has positioned itself as one of Africa’s fastest-growing economies, recording robust growth rates averaging 6% over the past decade, according to the World Bank. The government’s 10-Year Development Plan aims to diversify the economy away from agriculture towards manufacturing, energy, logistics, and ICT. Foreign …
By Andualem Sisay Gessesse – Due Diligence & Corporate Intelligence Consultant | Founder, NewBusinessEthiopia.com – Ethiopia Offers Opportunity — But Not Without Risk. Ethiopia, with over 125 million people and one of Africa’s fastest-growing markets, has become increasingly attractive to foreign investors. Sectors like agriculture, manufacturing, logistics, fintech, and construction are drawing global attention. However, …
Why Foreign Investors Lose Money in Ethiopia – etbaba.com Read More »
In 2024, the UN Secretary-General declared, “Cities are on the front lines of shaping a world that is more prosperous, sustainable, and inclusive” (United Nations, 2024). Nowhere is this statement more resonant than in Africa, where urban landscapes are transforming at an unprecedented pace. Over the past century, Africa has transformed from predominantly rural societies …
Shaping prosperous, sustainable, inclusive future for Africa – etbaba.com Read More »
Rising debt, geopolitical instability and declining aid flows are intensifying external pressure on African economies. In a briefing to the Africa Group of ambassadors at United Nations (UN) headquarters, Claver Gatete, Executive Secretary of the Economic Commission for Africa (ECA, highlighted the economic pressures facing African countries and outlined ECA’s response, from budget stabilization and …
Africa told to unite amid debt crisis, donor retreat – etbaba.com Read More »