Business

Repo Rate Reduced to Boost Economic Growth.

Windhoek: The Bank of Namibia (BoN) has reduced the repo rate by 25 basis points to 7.00 percent to stimulate domestic economic activity. The decision was made during the sixth and final Monetary Policy Committee (MPC) meeting of 2024, held on 02 to 0...

PIDA Week 2024 Concludes with Call for Actionable Infrastructure Dev’t in Africa.

Addis Ababa: The 8th Programme for Infrastructure Development in Africa (PIDA) Week, hosted in Addis Ababa, concluded today with a call to action for the development of sustainable, resilient, and inclusive infrastructure across the African continent....

Ethiopian Airlines Wins ‘Best Sustainable Airline of 2024-Business Class Category’ Award.

Kampala: Ethiopian emerged as the winner among four nominees, recognized for its remarkable contribution to Uganda's vibrant tourism industry, at a colorful event held at the Sheraton Kampala Hotel. According to Ethiopian News Agency, the award marks...

One-Stop Border Posts Report Calls for Tailored Solutions to Boost Africa’s Trade Efficiency.

Addis Ababa: A newly launched report by the African Union Development Agency-NEPAD (AUDA-NEPAD) emphasizes the importance of tailored, collaborative solutions to enhance trade facilitation across the African continent. According to Ethiopian News Ag...

Danish Diplomat Commends Ethiopia’s Economic Reforms.

Addis Ababa: Sebastian Lukas Bych, Deputy Head of Mission at the Royal Danish Embassy in Ethiopia, commended the considerable progress achieved by Ethiopia subsequent to the recent implementation of comprehensive economic reforms. He asserted that the...

PM Abiy Celebrates Ethiopian Air Force’s Milestone with Sun 2 Aircraft.

Addis Ababa: Prime Minister Abiy Ahmed announced the successful readiness for flight of the Sun 2 aircraft, developed by the Ethiopian Air Force, marking a significant milestone as the force celebrates its 89th anniversary. This achievement was highli...

Business Insider Africa Highlights Ethiopia in Top 10 for Lowest Diesel Costs in Africa.

Addis Ababa: Business Insider Africa has listed Ethiopia as one of the top 10 African countries with the lowest cost of diesel in November based on data from GlobalPetrolPrices.com. The report highlights the significant impact of energy costs, particu...

Ethiopia Aims for Two Billion USD in Gold Revenue, PM Abiy Announces at New Mining Factory Inauguration.

Addis Ababa: Prime Minister Abiy Ahmed has inaugurated a state-of-the-art gold exploration and mining factory in Dima Woreda, Gambella Region of Ethiopia. The factory is established by ETNO Mining, a subsidiary of Akobo Minerals, which is a Scandinavi...

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M-Pesa Foundation Launches Sh30 Million School Infrastructure Project in Murang’a

MURANG'A: Learners at Karimamwaro Primary School in Kandara Sub County, Murang'a County, are set to benefit from a Sh30 million infrastructure project commissioned by the M-Pesa Foundation. The project includes the renovation of six classrooms, the co...
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Presidents of Angola and South Africa Meet to Enhance Bilateral Cooperation

PRETORIA: Angolan President João Lourenço and South African President Cyril Ramaphosa convened in Pretoria on Thursday to discuss and strengthen cooperative relations between their respective nations. This meeting marks the beginning of President Lour...

Youth Urged to Pursue Technical Training Amid Declining White-Collar Opportunities, Says Garissa Governor

GARISSA: Garissa Governor Nathif Jama has called on the youth in the region to seek technical education to equip themselves with skills necessary for self-employment, highlighting the dwindling availability of white-collar jobs. Speaking during the Ja...

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Deputy Minister of Foreign Affairs Kostas Fragogiannis and Secretary-General for International Economic Affairs, Vicky Loizou, to participate in a business mission to Japan, led...

Deputy Minister of Foreign Affairs for Economic Diplomacy and Openness, Kostas Fragogiannis, and the Secretary-General for International Economic Affairs and Openness, Vicky Loizou, will travel to Tokyo on January 28, accompanying a business delegation...

President reshuflles Luanda and Moçâmedes railway companies

Angolan president João Lourenço on Thursday appointed Manuel António Kanda Kanda as CEO of the Luanda Railway Company (CFL).According to a statement that reached ANGOP, João Lourenço appointed Manuel João Lourenço (Technical Area), Luzia Vanessa Correi...

Gov’t Earmarks Centers Of Excellence To Spearhead Wildlife Research Agenda

The government has earmarked four research centers of excellence that will spearhead the country's first four-year wildlife research agenda to inform the science informed conservation efforts.The research centers will be responsible for coordinating a...