The African Export-Import Bank (Afreximbank) officially launched the African Trade and Distribution Company (ATDC),...

Authorities and development experts are urging Africa nations to address a critical financing gap...

The Great Ethiopian Renaissance Dam (GERD), Africa’s largest hydroelectric project and a symbol of Ethiopia’s development and unity, has been completed after 14 years of construction and is set for inauguration on September 9, 2025. Officials confirm that over 91% of the project’s total financing—approximately 223 billion birr—was provided through loans from the Commercial Bank of Ethiopia (CBE). The remaining 9%, about 23.8 billion birr, came directly from the Ethiopian people through bond sales and gifts. Moges Mekonnen, Corporate Communication Director at Ethiopian Electric Power (EEP), described this financing model as unique and a reflection of Ethiopia’s commitment to self-reliance and national sovereignty. “The Great Ethiopian Renaissance Dam demonstrates to the world our strong desire to grow in our own capacity and protect our national interests without pressure,” Moges said. The total project cost surpassed 233 billion...

Karavan Press, an independent publisher based in Cape Town, South Africa is the winner...

As African nations confront escalating climate risks, new analysis reveals that governments across the...

The Grand Ethiopian Renaissance Dam (GERD) stands as one of the most ambitious and transformative infrastructure projects in Africa’s...

Africa is the continent most severely impacted by climate change today, even though it has contributed the least to...

Poverty remains one of Ethiopia’s most pressing challenges, as it does for many developing countries. But like India—which has...

In Ethiopia, the private media sector is facing unprecedented challenges, squeezed relentlessly by government actions that increasingly threaten its...