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economy

Ethiopia launches Ethiopian Security Exchange (ESX) – etbaba.com

As part of its market liberalization, Ethiopia on Friday launched Ethiopian Security Exchange (ESX) at the presence of Prime Minister Abiy Ahmed. It is stated that the ESX is now open for business, ready to connect opportunities with investors, empower businesses, and fuel economic growth. “In a historic milestone for our economic and financial landscape, …

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Addis set to host future tech expo 2025 – etbaba.com

RCNDC Consultancy, an IT consulting and software solutions provider, in partnership with the FDRE Ministry of Education and the FDRE Ministry of Innovation, announced the Future Tech Addis Expo 2025. This event will take place at the prestigious Skylight Hotel in Addis Ababa, bringing together global tech leaders, innovators, entrepreneurs, policymakers, and investors to shape …

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U.S. population up 2.64 million with addition of one migrant every 23 seconds – etbaba.com

The U.S. Census Bureau projects the U.S. population to reach 341,145,670 on New Year’s Day, an annual increase of 2,640,171 or 0.78% and with the addition of one international migrant entering the country every 23 seconds. The combination of births, deaths and net international migration increases the U.S. population by one person every 21.2 seconds, …

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African American-owned businesses annual payroll reaches $61.2 billion – etbaba.com

The U.S. Census Bureau today released new estimates on the characteristics of employer businesses that recorded 194,585 Black or African American-owned businesses with $211.8 billion in annual receipts, 1.6 million employees, and about $61.2 billion in annual payroll. According to the 2023 Annual Business Survey (ABS), which covers reference year 2022, there were approximately 5.9 …

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IMF to provide $47.4 million to Mauritania – etbaba.com

The IMF Executive Board concluded today the 2024 Article IV consultation with Mauritania and also completed the Third Reviews under the 42‑month blended Extended Credit Facility arrangement (ECF) and the Extended Fund Facility arrangement (EFF), and the Second Review under the Resilience and Sustainability Facility arrangement (RSF). The decision allows for an immediate disbursement of …

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Ethiopia startup data hub launched – etbaba.com

The Ministry of Innovation and Technology of Ethiopia, Systemic Innovation, and GrowthAfrica, in partnership with Dealroom.co today launched the Ethiopian Startup data Hub. The hub is said a transformative, open-access database designed to drive data-driven insights and foster international connections for Ethiopia’s dynamic startups and growth ventures. The platform enhances visibility, strengthens connections, and promotes …

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World Bank announces $100 billion for IDA21 replenishment – etbaba.com

The World Bank Group today unveiled a record $100 billion financing package for the 21st replenishment cycle of the International Development Association (IDA21), the largest in the fund’s history. This commitment includes a joint contribution of $23.7 billion from 59 donor countries. The IDA21 replenishment will provide critical support to low-income countries over a three-year …

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Top African designers lined up for Cape Town Fashion Week – etbaba.com

African fashion brands have taken the world by storm this year, across major fashion weeks and trade events, from London and Milan to New York and Paris – and now they are coming to the catwalks of the Mother City. Cape Town Fashion Week: The Edit Spring Summer 24, presented by Africa Fashion International (AFI), …

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Economic cooperation at center of President Biden’s visit to Angola – etbaba.com

Mainly focusing on business and investment cooperation, President Biden of the United States of America is set to visit Angola from December 2nd through 4th, says a US official. His visit will highlight how this visit builds on his bilateral meeting with President Lourenço in November 2023, the U.S.-Africa Leaders’ Summit in December 2022, and …

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Oil pipeline damage, refugee inflow challenge South Sudan economy – etbaba.com

BY YANET FANTAYE WOGAYEHU – The economy of South Sudan is being challenged by the damages to the pipeline that carries 70 percent of it’s oil production through Sudan, and by the influx of massive refugees from the neighboring country – Sudan, says the IMF. The challenges have “led to a sharp decline in oil …

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