The International Monetary Fund (IMF) forecasts that Ethiopia’s economy will only grow by 2 percent for the current fiscal year began July 8, 2020. “Looking forward, economic growth is projected to be 2 percent in 2020/21 due to the lingering impact of the pandemic, and is expected to rebound to 8.7 percent in 2021/22, consistent …
Ethiopia economy grows 2 percent this year, IMF says – etbaba.com Read More »
The African Trade Policy Centre (ATPC), a unit of the UN Economic Commission for Africa (UNECA), in collaboration with Business Unity South Africa (BUSA), will host a conference on leveraging the African Continental Free Trade Area (AfCFTA) to boost women’s economic empowerment on Tuesday 23 February. The virtual event is aimed at creating a better …
African women’s empowerment in the AfCFTA era – etbaba.com Read More »
ECommerce growth in Europe drove logistics investments up to €38.64 billion ($46.5 billion) in 2020. It was the highest figure on record since 2013 and was driven by a record up-take of warehouses in the region, according to the research data analyzed and published by Comprar Acciones. Based on a GLP report, leasing activity in …
European logistics investment soared to $46.5 billion in 2020 – etbaba.com Read More »
Kenyan President, Uhuru Kenyatta, on Monday passionately delivered an inspiring keynote address during the Economic Commission for Africa’s (ECA) fourth African Business Forum, emphasizing the importance for African governments to create enabling regulatory environments, develop vibrant and sustainable financial and research support structures to spur innovation on the continent. Mr. Kenyatta said partnering with a …
Digitalization – Sustainable Development Goals critical accelerator – etbaba.com Read More »
The Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, on Friday 5 February 2021 met with African Ministers in charge of finance and the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, to discuss immediate economic response to the COVID-19 pandemic. During the virtual meeting, which was convened by the …
African ministers discuss economic response to COVID-19 – etbaba.com Read More »
Prime Minister Abiy Ahmed today inaugurated Fibela Industrial Complex, the biggest edible oil factory in the factory covering 60 percent of the demand of the country. The factory built in Amhara Region with a total investment of 4.5 billion Birr. Built within Bure Integrated Agroindustry Park, the new factory has the potential to produce 1.5 …
Ethiopia inaugurates biggest edible oil factory – etbaba.com Read More »
The Ministry of Finance of Ethiopia has denied recent press reports of its intentions to implement debt treatment exercise to its public external debt. In its press statement the Ministry recalled that since June 2020, Ethiopia has signed a Memorandum of Understanding with the Paris Club under the auspices of the G20 Debt Service Suspension …
Ethiopia denies intentions to implement debt treatment exercise – etbaba.com Read More »
In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination. According to the World Bank’s Global Economic Prospects report, Djibouti is expected to experience the strongest GDP growth in Africa this year with a projected rate of 7.1%. This outlook …
Djibouti pursues its ambitious growth projects in 2021 – etbaba.com Read More »
Ethiopian Investment Commission has indicated that the country has attracted $1.1 billion foreign direct investment during the first five months of the year. The commissioner of Ethiopian Investment Agency, Lelise Neme, told the state broadcaster ETV, that the projects are registered in manufacturing, agriculture and hospitality sectors. The Commissioner stated that the spread of coronavirus …
Ethiopia attracts $1.1 billion FDI in five months – etbaba.com Read More »
During the first five months of the budget year of the country started July 8, 2020, the Government of Ethiopia has secured $1.4 billion remittances from the Ethiopian diaspora who used legal banking channels to send money to their relatives. When the year ends, the east African country expects to get $4 billion hard currency …
Ethiopia secures $1.4 billion remittance from diaspora – etbaba.com Read More »