During the official opening of the 51st African Conference of Ministers responsible for economy development on Monday, Dr. Abiyi Ahmed, the Prime Minister of Ethiopia, said  his country will ratify the African Continental Free Trade Area (AfCFTA) deal. He urged the assembled finance ministers and policy makers to use their ‘collective vision’ to create the […]

The office of Integrity and Anti-Corruption of the African Development Bank (AfDB) found Ngong to have engaged in a fraudulent practice in the context of a consultancy engagement with the institution, AfDB said. The African Development Bank Group, which has been investing in the development of the continent, today announced the banning of Robert Akika […]

Ethiopian government is conducting investigation of corrupt government officials, who are suspected of being engaged in elicit financial outflows and stashing stolen money of the country in offshore banks and investments. This is indicated by the new Prime Minister Dr. Abiy Ahmed on Tuesday in Addis Ababa, speaking to his cabinet ministers and government officials […]

The African Development Bank (AfDB) is to provide $20 million to boost lending to small and medium-sized enterprises in Liberia, the Bank said after approving the funding on Wednesday. The loan, approved by the Board of Directors of the Bank on Wednesday, May 16, 2018, is a trade finance package for three Liberian commercial banks: […]

The Board of Directors of the African Development Bank has approved EUR 200 million loan to support inclusive and Sustainable Development of Agricultural Value Chains in Morocco. This operation will support the creation of jobs in rural areas by developing inclusive value chains that will Increase the sustainability and effectiveness of jobs created through green […]

Boosting intra-Africa trade is the most effective way to bring economic growth and development to the continent, says African Union Commission Deputy Chairperson, Ambassador Kwesi Quartey. In a speech at the 51st session of the Conference of African Ministers of Finance, Planning and Economic Development in Addis Ababa, Ambassador Quartey said Africa’s ability to trade […]

By Andualem Sisay Gessesse, Busan, Korea – If African countries have to replicate the industrialization development model of Japan and Korea, which have managed to develop their manufacturing industries in short period of time, government need to play crucial role, President of African Development Bank said. “The role of the state is key for developing […]

The Committee to Protect Journalists (CPJ) urges  authorities in Puntland, a semi-autonomous region in Somalia, to immediately release journalist Ibrahim Obo Daud, also known as Suldan Godogodo. Ibrahim was arrested on May 4 in Garowe, the administrative capital of Puntland, according to Media Association of Puntland (MAP) chairman Mohamed Dahir and Bashir Mohamed, Ibrahim’s Norway-based cousin. Ibrahim, […]