Nigeria records 3rd largest debtor to W’Bank with $18.2bn – Report 

BY SAM OTUONYE Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association, with outstanding obligations of $18.2 billion as of June 30, 2025. This marked a rise from $16.5 billion in...

The Essential Guide to Doing Business in Ethiopia: Risks, Opportunities, and Must-Have Resources

By Andualem Sisay Gessesse – Ethiopia, with its population of over 120 million and one of the fastest-growing economies in Africa, is attracting increasing attention from foreign investors. The country’s strategic location in the Horn of Africa,...

Ethiopia Enhances Regional Integration by Supplying Electricity to Neighboring Nations

Addis Ababa, August 17, 2025 (ENA) -- The Ministry of Planning and Development has reported that Ethiopia has been creating a new dynamic for regional cooperation by extending its progress in renewable energy far beyond its borders, using clean...

Ethiopia plays vital role in combating climate change: Ministry

The Ministry of Water and Energy has emphasized that tackling the impacts of climate change demands unified action from all sectors, highlighting Ethiopia’s significant contributions toward global mitigation efforts. Speaking at a pre-summit...

Angelina Jolie spotlights Ethiopia’s culinary excellence and healthcare advances during Addis Ababa visit

Hollywood icon and humanitarian Angelina Jolie recently made a visit to Addis Ababa, bringing global attention to the city’s thriving culinary scene and its vital healthcare initiatives. Her visit, which included an elegant dinner at one of...

Ethiopia to Copy Kenya's Tax Tricks to Increase Revenue

Ethiopia is turning to regional peers such as Kenya to guide its sweeping tax transformation plans as the country grapples with a sharp decline in domestic revenue collection. According to a recent report on Ethiopia’s tax-to-GDP ratio, the...

Ethiopian-Canadian advocate honored for...

Markos Z. Tegegn, a prominent charity advocate in Winnipeg’s Ethiopian community, has been honored with one of the Canadian government’s most prestigious awards for his years of dedicated service to those in need, both in Canada and Ethiopia. An...

Ethiopia Ranks 22nd Globally...

Africa Leads in Global Generosity The Charities Aid Foundation’s (CAF) World Giving Report 2025 reveals compelling insights into global philanthropy trends, placing Ethiopia prominently at 22nd in the world for generosity, with its people donating...

Over half of Ethiopia’s...

More than 50% of Ethiopia’s adult population remains excluded from formal financial services, posing a significant challenge to the country’s economic development and social inclusion. Millions, particularly rural residents, have no access to...

The horrors of Gukurahundi and complicity of World Bank and IMF

To put it into perspective, Gukurahundi was characterised by inversion of human rights violations, including torture, disappearances, abductions, sexual molestation, rape, ethnic profiling and arbitrary arrests, detainment in concentration camps,...

Is Dubai’s short-term rental market hurting long-term property value?

0 BTME Submit Award 0 BTME Awards 0 Thank You 0 Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud 0 stat 0 test 0 Qatar National Bank 0 Top 100 GCC Companies 2013 0 HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud 0 Programme 0 HRH Prince Alwaleed...

Business leaders seek rate cut, power relief to spur exports

KARACHI: Business leaders on Saturday called on the government to create a pro-business environment by cutting interest rates, lowering power tariffs, and supporting export-led growth. Speaking at a joint press conference on the economic roadmap,...

Ethiopia: We Are Here To Resist, Strive and Purge

Resist. Strive. Purge. According to the Ethiopian ruling party’s self-assessment, since it came to power Seven (7) Years Ago, it has brought about tangible changes on Three (3) National Agendas, despite the fact that, over the Last Two (2) Years,...

Elevating African Business Education

In a rapidly evolving African business education landscape, the Association of African Business Schools (AABS) plays a critical role in shaping quality, relevance, and impact tailored for the continent’s unique needs. At the forefront of this...

Study recommends VAT withholding extension to private companies

A new study recommends extending VAT withholding responsibilities to private companies, aligning them with the current requirements for public bodies. At the same time, the forthcoming implementation of VAT and excise taxes on fuel is expected to...

PSS launches Ethiopia’s first...

Premier Switch Solutions (PSS), in partnership with global payments leader MasterCard, has unveiled Ethiopia’s first locally verified, world-class online payment verification system, marking a new era in digital payment security for the country....

Floated Currency Promise Meets Hard Reality

As a demonstration of its firepower, the Central Bank floated 150 million dollars on August 5, with 28 banks bidding at a weighted average of 138 Br. Several commercial banks disclosed their foreign currency disbursements following the auction...

Envoy speaks at FPCCI’s meeting ‘Pakistan and Ethiopia face many similar challenges’

Nigeria’s debt to W’Bank IDA hits $18.2bn – Report

Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association, with outstanding obligations of $18.2bn as of June 30, 2025. This marks a rise from $16.5bn in June 2024, representing a...

Ethiopia Records World’s Sharpest Tax-to-GDP Ratio Decline in a Decade

Ethiopia has suffered the sharpest and sustained crumble in tax-to-GDP ratio recorded anywhere in the world over the past decade, a new government-backed study reveals. The joint report by the Ministry of Finance and the Institute for Fiscal...