Browsing: AU Summit 2020

The African Economic Outlook 2020 report prepared by the African Development Bank was praised at the 33rd African Union Summit in Addis Ababa for being an effective blueprint for addressing Africa’s human capacity gap.

The 2020 report, under the theme Developing Africa’s workforce of the future, was presented at a side event attended by civil society, policymakers, global and regional development organizations, the media and academia.

“The facts mentioned in the second part of this report are striking. It reminds us of the size of the investment that must be made in the development of human capital in Africa, an essential component for achieving productive transformation,” said Victor Harison, the African Union Commissioner for Economic Affairs.

Also Read: African Economic Outlook indicates steady growth through 2021

The African Economic Outlook has become the blueprint for planning and for sound economic research about Africa said the Secretary-General of the African Development …

Canada, the world’s second largest country and the fastest economy among G7 has set aside $10 million for developing African women, and slated potential investment agreement with Ethiopia.

The $10-million contribution is to the African Union Commission for gender equality and women empowerment.

The Canadian Prime Minister (with his first visit to Ethiopia) spent the first full day of a three-day trip to Addis Ababa meeting with some of the African Union’s heaviest performers in a series of one-on-one on the sidelines of the union’s 33rd sessional meeting in Addis Ababa.

READ:Ethiopian Airline’s CEO reveals new airport underway

Canada and Ethiopia

According to the Canadian media, Global news, Trudeau said Canada and Ethiopia are about to start negotiating a Foreign Investment Protection Agreement.

Also, the Canadian Trade Minister Mary Ng, who is in Africa with a trade delegation of Canadian companies, wouldn’t say how long those negotiations could take …