bussines news
Africa’s Average Debt-To-GDP Ratio Will Stabilize At 65% In 2024: Research
Africa’s average debt-to-GDP ratio will remain high at 66% in 2023 and stabilize at 65% in 2024, the African Union indicated, citing a recent research analysis. This is due to growing financing needs associated with rising food and energy import bills, high debt service costs, exchange rate depreciations, and rollover risks. In addition, many countries …
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Africa’s Cooperation with Other Countries Crucial for Dev’t, Says Economics Prof. Sachs
Africa as a whole needs strong relations with other countries across the globe to register huge economic development, Professor Jeffrey Sachs observed. The Office of the Prime Minister held its first “Perspectives” – PMO Occasional Lecture Series yesterday by featuring the world-renowned development economist Professor Jeffrey Sachs. In his lecture, the professor said Africa as …
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Next 40 Years Will be Africa’s Years, Says Professor Jeffrey Sachs
The highly reputed international living economist, Professor Jeffrey Sachs said that the next 40 years will be Africa’s years. The Office of the Prime Minister launched and held the first “Perspectives” – PMO Occasional Lecture Series today featuring world-renowned development economist Professor Jeffrey Sachs. In a lecture he gave to high-ranking government officials, diplomatic corps, …
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Int’l Companies Crucial In Creating Competition, Bringing Capital: UNDP Economic Advisor
The involvement of international companies in the Ethiopian market is critical in creating competition and bringing capital into the country, United Nations Development Program (UNDP) Ethiopia Economic Advisor Zafar said. The primary objective of Ethiopia’s Home-grown Economic Reform is to sustain growth through creating an economic environment supportive of private investment and structural transformation. In …
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Ethiopian Business, Investment Forum Held in Doha
An Ethiopian Business and Investment Forum that aims to consolidate the economic foundation of Ethio-Qatari ties with a focus on enhancing cooperation on horticulture, agri-business, and tourism was held in Doha, Qatar, today. Opening the forum, Foreign Affairs State Minister Mesganu Arga said Ethiopia welcomes Qatari enterprises to invest and take advantage of its untapped …
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Japanese Investors Say Ethiopian Industrial Parks Conducive For Investment
Japanese investors who participated in the Ethio-Japan Investment Forum and visited some of the industrial parks acknowledged that Ethiopian industrial parks are suitable for investment. Japanese investors and various officials who participated in the forum visited the Bole Lemi and Kilinto Industrial Parks. During their visit, the members of the Japanese business delegation observed firsthand …
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Ethiopian Investment Promotion, B2B Forum Held In India’s Gujarat
The collaborative efforts between the Ethiopian Embassy in India and the Southern Gujarat Chamber of Commerce (SGCCI) culminated in a pivotal business and investment forum held from December 8th to 9th, 2023, at Surat, Gujarat’s epicenter of commerce. Ethiopia’s Ambassador to India, Demeke Atnafu delineated the plethora of investment prospects available in Ethiopia, accentuating priority …
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Ethiopian Officially Returns To Madrid
Ethiopian Airlines, the biggest passenger and cargo carrier, today announced its return to the Spanish capital, Madrid. The airline’s social media post mentioned that it has resumed four weekly passenger flights to Madrid. During the event, Ethiopian Airlines Group CEO Mesfin Tasew said Madrid is the last destination to rejoin our networks suspended during the …
