The Mauritanian beat four other candidates after three rounds of voting. He becomes the 9th president of the pan-African ...

Ethiopia has taken historic steps to address macroeconomic imbalances while fostering sustainable growth ...

The African Development Bank forecasts a 3.9% growth in Africa’s economy for this year, a slight downtick from earlier ...

The African Development Bank (AfDB) and Dashen Bank have signed a $40 million trade finance transaction guarantee facility designed to strengthen Dashen Bank's ability to support Ethiopia's vital ...

A new report from ActionAid International has issued a stark warning to Ethiopia, calling on the government to abandon IMF-prescribed austerity measures amid ...

Kenya is notably absent from the list of Africa’s fastest-growing economies in 2025. The country faces considerable ...

Ethiopia has reported record earnings from coffee exports, generating USD 1.87 billion over the ten months to April 2025 a historic high for the Horn of ...

Central Bank of Kenya (CBK) data indicated that the shilling closed the month of May 2025 on a firm note as foreign currency ...

ILO Assistant Director-General and Regional Director for Africa, Fanfan Rwanyindo, praised the conference’s record-breaking scale.

To strengthen the microfinance institutions' provision of credit to the small-scale enterprises, the Development Bank of Ethiopia provided loans to the microfinance institutions. The refunding ...

The bank, which is Africa's biggest development lender with $318 billion in capital, also cut its initial 2026 growth ...

A staff team from the International Monetary Fund (IMF) led by Mr. Alvaro Piris, visited Addis Ababa from April 3 to 17, 2025, to discuss the 2025 Article IV consultation and the third review under ...