Sub-Saharan Africa’s economy to contract by 3.2%

The COVID-19 pandemic continues to represent an unprecedented health and economic crisis, with costs that will be felt most keenly by the poorest segments of the world’s population, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook for Sub-Saharan Africa. “This is a fast-moving crisis” said Abebe Aemro Selassie, Director of the […]

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Sub-Saharan Africa’s economy to contract by 3.2%

The COVID-19 pandemic continues to represent an unprecedented health and economic crisis, with costs that will be felt most keenly by the poorest segments of the world’s population, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook for Sub-Saharan Africa. “This is a fast-moving crisis” said Abebe Aemro Selassie, Director of the […]

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Founder Institute Addis Ababa accelerator moves online, opens applications for entrepreneurs across all of EMEA

Founder Institute Addis Ababa, the local chapter of the world’s largest pre-seed accelerator, announced that its 2020 program will take place 100% online, allowing anyone across EMEA to participate in the program from the comfort of home. Any aspiring entrepreneur or team interested in building a company with some of Addis Ababa’s top startup mentors […]

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DGB gets new VP for operations

Debub Global Bank announced the appointment of Fekadu Shegute as Vice President Operations commencing from June 29, 2020. Fekadu assumed the position of Vice President Operations after approved by the National Bank of Ethiopia. Fekadu was serving the bank as Acting VP-Operations for few months before the national bank willed his promotion. Academically, Fekadu meets […]

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Study highlights the role of renewables for a sustainable recovery

Renewable energy sources can play a crucial role to ensure health, food and education to the African population in the Covid-19 recovery phase. This is the outcome of the study “The impact of Covid-19 on Africa’s energy sector”, developed by RES4Africa Foundation and the United Nations Economic Commission for Africa (UNECA), in partnership with SDA […]

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PM Abiy Ahmed congratulates newly elected Malawian President Lazarus Chakwera

Addis Ababa, June 29, 2020 (FBC) – Prime Minister Abiy Ahmed has extended congratulatory message to the newly elected president of the republic of Malawi Lazarus Chakwera today. “On behalf to the Government of Ethiopia, I would like to extend my congratulations to Malawi’s new President Lazarus Chakwera on the recent election victory.” the Premier […]

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China supports Ethiopia, Sudan and Egypt to resolve differences over GERD through dialogue

Addis Ababa, June 29, 2020 (FBC) – In a telephone conversation he held with his Ethiopian Counterpart, Gedu Andargachew, Chinese Minister of Foreign Affaris Wang Yi said his country is committed to support Ethiopia, Egypt and Sudan to resolve their differences through dialogue regarding GERD. Wang Yi said China pays a special attention to its […]

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