Economy

Moody's: Ethiopia's economy is growing but political risks intensify

abjy ahmedEthiopia's economy and wealth levels have been growing strongly at nine per cent per annum on average for the past five years, however, underlying political tensions risks derailing economic activity, according to Moody's Investors Service

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AfDB, Portugal and Cabo Verde to accelerate diversification, private sector development

privatisaThe African Development Bank (AfDB) and the governments of Cabo Verde and Portugal have signed a country-specific memorandum of understanding to implement the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries in Africa

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EU to provide US$44.8bn to accelerate Africa’s investment

EU ECAExtending its support to the African Continental Free Trade Agreement (AfCFTA), the European Union (EU) Commission has proposed US$44.8bn to attract investments that are set to create around 10mn jobs in Africa

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African Development Fund impacts lives of millions in the continent

afdb engThe African Development Fund (ADF) is facilitating rapid rollout of development projects and continues to transform and sustain lives to provide a concessional buffer to needy economies on the continent

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Zimbabwe launches new industrial policy

africa zimZimbabwe government has launched new industrial policy with an aim to transform the economy through value addition, increase employment levels and promote a culture of savings

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