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Africa faces ‘permanent decline’ if China-West tensions rise

Africa risks losing $10bn of foreign direct investment and official development assistance if the world splits into isolated trading blocs in the wake of US-China decoupling, warns a report from the IMF.

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  • NEWS
  • January 20, 2023

Ethiopian PM appoints Mamo Miheretu as Central Bank Governor

Ethiopia’s prime minister appointed Mamo Mihretu as governor of the National Bank of Ethiopia.

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  • NEWS
  • January 15, 2023

An Investment Hub in the making

Debre Berhan town, located 130Km from the capital, known for its cold climate and alcoholic beverage productions, has become a centre of large-scale manufacturing.

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  • NEWS
  • December 25, 2022

Norwegian Mining Company Strikes Gold

In the next two months, Norway-based boutique mining company Akobo Minerals will begin gold production south of the Akobo River, Gambela Regional State. The company has explored...

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  • NEWS
  • December 21, 2022

Mayor Pushes Banks to Enter Real Estate Development Despite Limiting Laws

Mayor Adanech Abiebie is contemplating inking a deal with private commercial banks to build real-estate projects through public-private partnerships with hopes of addressing the chronic housing demand.