Browsing: Ethiopia

Kenya’s appeal comes at a moment when East Africa has seen only one exit through an IPO in the past…

On the 1st of June 2023, African ministers for trade and industries adopted a protocol that prevents trading second-hand clothes across the continent under the preferences of the AfCFTA. This was during the high-level African Union – East African Community and the private sector forum, the second Ministerial Retreat of the Council of Ministers on the AfCFTA, held in Nairobi, Kenya, to assess the progress and address critical aspects of the agreement’s implementation.

The Grand Ethiopian Renaissance Dam (GERD) impact on downstream nations Egypt and Sudan has turned the project into a geopolitical…

Fresh financing will bolster Ethiopia’s progress in achieving wheat self-sufficiency. Data shows Ethiopia’s wheat productivity has struggled to match the…

Initiative with the US company is expected to cost around $15 million in initial investments. The joint venture will primarily…

Until the Biden Administration, US-Africa trade relations had remained remarkably consistent. Africa Growth and Opportunities Act (AGOA), in place since October 2000 through five separate US administrations, has been the ‘centrepiece’ of this consistency.

Ongoing wars in Africa are bleeding billions from poor economies as investors flee the region. Sudan army is spending about…

Given these large costs and the effect on Africa’s economic growth, it remains imperative to prevent the prevalence of conflicts. Several economic and structural factors, including low-income levels, poor growth outcomes, weak governance, state capacity, and inequality of opportunity—especially across ethnic, religious, and regional groups—increase the likelihood of conflict. Addressing these challenges would address political instability in Africa and prevent conflict.

In the last 20 years, Africa’s external debt has grown fivefold to about $700 billion. According to Chatham House, a policy centre in London, Chinese lenders account for about 12 per cent of that amount. As of November 2022, the International Monetary Fund (IMF) and the World Bank considered 22 low-income African countries to either be in debt distress or facing potential external debt distress.

Facebook accused of unlawful termination of Kenyan content moderators Kenyan Labour Court rules Facebook parent company Meta has a case…