economy

Impact, concerns and prospects of Chinese investments in Africa

By Andualem Sisay Gessesse – Official reports show that China has been Africa’s largest trading partner for 12 years, even though bilateral trade declined 10.5% to USD 187 billion in 2019. It is also the fourth-biggest investor in the continent. In this article we look into the focuses, scale, motives, impacts, issues often raised related …

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Nissan to acquire shares in Vehicle Energy Japan Inc

Nissan Motor Co., Ltd. announces that it has entered into a definitive agreement to acquire shares in Vehicle Energy Japan Inc., a company engaged in the automotive lithium-ion batteries business. Nissan will acquire the shares after the completion of regulatory procedures, including necessary approvals and permissions. Nissan will acquire all the common shares of Vehicle …

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An economist look at Ethiopian economy, inflation

By Muluneh Gebre – Ethiopia’s macro-economic performance remains positive amid severe inflation, drought and clashes in different parts of the country, a senior Ethiopian economist has said. Adem Feto (PHD), a researcher at the Ethiopian Economic Association, says Ethiopia, one of Africa’s fastest-growing economies, is experiencing critical shortage of foreign currency reserve and one of …

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Indian top investments in Africa and concerns

By Woubishet Sisay – Indian investment in Africa has been steadily increasing over the years, as India seeks to strengthen its economic ties with the continent. This investment encompasses various sectors such as agriculture, manufacturing, infrastructure, telecommunications, energy, and mining. The Indian government, as well as private companies, have been actively involved in promoting trade …

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Ethiopian, Geven-SkyTecno to manufacture blankets for Boeing 737 MAX

Ethiopian Airlines and Geven-SkyTecno have inaugurated a state-of-the-art facility for the manufacturing of Insulation Blankets for Boeing 737 MAX airplanes as part of a Boeing agreement (BSCA) between The Boeing Company, Geven-Skytecno and Ethiopian Airlines. The new joint venture company of Ethiopian Airlines and Geven-SkyTecno, named “Ethiopian Sky Technologies”, is based in Addis Ababa with …

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IMF reflects on Kuwait economy urging for structural reform

The Executive Board of the International Monetary Fund (IMF) reflected on the economy of Kuwait urging for a structural reform. The call came after the IMF concluded the Article IV consultation with Kuwait and considered and endorsed the Staff Appraisal on a lapse-of-time basis without a meeting. In its recommendation the IMF said: “…A structural …

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TDK Ventures invests in digital intelligence platform

TDK Corporation announced today that its subsidiary, TDK Ventures Inc., has invested in the Industry 5.0 – focused startup Infinite Uptime, who’s digital intelligence platform leverages state-of-the-art sensor technology, and advanced analytics. TDK’s digital intelligence platform also leverages machine-learning algorithms to monitor vital mechanical equipment within industrial applications to anticipate and promptly address failures, ensuring …

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African solution, new world order prescribed for debt burden

By Andualem Sisay Gessesse – Dakar, Senegal – Calling for an African solution and a new world order, the third edition of African Conference on Debt and Development (AfCoDD III) that aims to reflect on African countries debt burden, is opened this morning in Dakar, Senegal. Experts along with representatives from non-governmental, governmental and media …

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China’s manufacturing output surges by 322%

It has been more than ten years since China surpassed the United States as the greatest industrial powerhouse in the world. China’s industrial output increased by 322% over the past two decades, which is six times faster than US growth. China’s percentage of the world’s manufacturing output increased tenfold. China’s manufactured exports have been expanding …

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