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The African Development Bank and the World Economic Forum launched a new framework aimed at steering private capital into Africa’s most fragile and underserved economies, in an effort to narrow the continent’s persistent development financing gap. The initiative, known as the Humanitarian and Resilience Investing (HRI) Roadmap for Africa, is designed to mobilise commercial and […]

The Ministry of Water and Energy has formally called on African nations to strengthen hydro diplomacy in managing transboundary rivers, warning that the continent faces an annual financing gap of more than 50 billion US dollars for water and sanitation infrastructure. The appeal came during the African Union’s 2026 annual summit, held on the 63rd […]

Ethiopia said on Thursday that a committee representing holders of its 6.625 percent Eurobond due in 2024 had rejected a revised restructuring proposal that removed a controversial value recovery instrument, prolonging uncertainty over the country’s first international sovereign debt workout. The Ministry of Finance said the revised proposal was discussed during restricted negotiations held between […]

Semera Special Economic Zone has secured three additional investors, raising the total number of operational tenants to four, as the park begins to build early-stage industrial clustering anchored in Afar’s salt-based mineral endowment, a key upstream input for basic chemical value chains. The zone’s general manager, Ahmed Hassen, told Birrmetrics that one firm entered the […]

Authorities have introduced temporary exemptions for diaspora banking customers who have been unable to register for Ethiopia’s Fayda digital identification system, following disruptions caused by the enforcement of mandatory ID-linkage rules in the banking sector. The Ethiopian Diaspora Service said overseas Ethiopians and people of Ethiopian origin who have not yet obtained Fayda IDs will […]