The jobs challenge is bigger than ever in the poorest countries

ABN# Over the next decade, close to 600 million people will be looking for jobs, mostly in the world’s poorest countries. The South Asia region alone will need to create more than 13 million jobs every year to keep pace with its demographics. In Sub-Saharan Africa, despite a smaller population, the challenge will […]

Fighting climate change with capital markets

ABN# BY AKINCHAN “AKI” JAIN ON THU, 03/21/2019 As a structured finance specialist in the World Bank Treasury, I work on a trading floor and talk to banks, investors, and development partners daily, so together we can find cost-effective and sustainable solutions to address climate change. The World Bank estimates that without […]

Trees and forests are key to fighting climate change and poverty. So are women

ABN# According to WRI’s ‘Global Forest Watch’, from 2001 to 2017, 337 million hectares of tropical tree cover was lost globally – an area the size of India. So, we appear to be losing the battle, if not the war, against tropical deforestation, and missing a key opportunity to tackle climate change (if […]

Almost 400 people winched from stricken cruise liner off Norway

ABN# OSLO (Reuters) – Rescue services had airlifted 397 people to safety from a luxury cruise liner with engine trouble off the coast of Norway by Sunday morning and were preparing to tow the vessel to a nearby port. The Viking Sky, with 1,373 passengers and crew on board, sent […]

Alphabet soup: Boomers, Gen X, Gen Y, and Gen Z explained

ABN# What separates Generation Y from X, and is Generation Z a thing? How old is each generation? Are they really that different? It’s easy to see why confusion about generational cohorts abounds. If you’ve ever felt muddled by this “alphabet soup” of names…you’re not alone. The real frustration hits […]

Generation Z characteristics: 5 infographics on the Gen Z lifestyle

ABN# Just when many companies are finally starting to understand millennials, a new generation is starting to emerge. Generation Z—people who were born from 1995 onwards—is making its presence known as people from this generation are starting to enter the workforce and earning their own income. Marketers and market researchers still have a […]

Italy signs deals worth 2.5 billion euros with China

ABN# (Reuters) – Italy signed a preliminary accord with China on Saturday that makes it the first country of the Group of Seven industrialised nation to join the Chinese Belt and Road infrastructure project. Around 30 parallel deals were signed on the sidelines of the visit to Rome by Chinese […]

U.S. airlines visit Boeing as FAA awaits 737 MAX upgrades

ABN# Teams from the three U.S. airlines that own 737 MAX jets headed to Boeing Co’s factory in Renton, Washington, to review a software upgrade on Saturday, as U.S. regulators prepared to receive and review the fixes in coming weeks. The factory visits indicated Boeing may be near completing a […]

African tourism sector booming – global body

ABN# Travel and tourism in Africa grew by 5.6% in 2018 compared to the global average of 3.9% and the broader African economic growth rate of 3.2%, according to the World Travel & Tourism Council (WTTC). This makes Africa the second-fastest growing tourism region. Asia-Pacific is the fastest growing. According […]

African countries can do better with improved fiscal policy, says Songwe

ABN# The 38th meeting of the Committee of Experts of the Conference of African Ministers of Finance, Planning and Economic Development opened in Marrakesh, Morocco, Wednesday with a clarion call for African countries to improve their fiscal policy and expand their tax base so they can ably fund their developmental processes. […]

Ethiopians celebrate return of Emperor Tewodros’ lock of hair

ABN# Ethiopians on Wednesday celebrated the decision by a London museum to hand back locks of hair cut from the corpse of an Ethiopian emperor during a British invasion 150 years ago. Ethiopians, many dressed in the national colours of red, gold and green, cheered as staff at the National […]

What’s the Business Case for Climate-Focused Urban Development in Africa?

ABN# By Chris Gordon A long-standing mystery of modern times is why the great Mayan cities in Central America disappeared after having survived for over a millennium. At the time of their collapse, there was massive deforestation to clear land for maize and firewood for the Mayans’ expanding population. There was […]

Africa Has a $100 Billion Infrastructure Problem. What’s Missing?

ABN# By Linus Mofor Africa suffers from poor quality and expensive infrastructure servicescompared to other parts of the world. It is estimated that this constrains productivity by up to 40 percent and reduces the continent’s GDP by about 2 percent per year. With the imminent enforcement of the African Continental Free Trade Area—which will […]

Who Will Save Africa’s Rural Farmers When Investment and Climate Change Roll In?

ABN# By Jennifer Mohamed-Katerere Any private sector investments in Africa’s food sector must take account of Africa’s smallholder farmers if the investments are to survive, particularly with climate change. Agriculture represents 15 percent of the continent’s total GDP (PPP), and the sheer size of the smallholder sector—more than one-third of […]

UAE banks suspend customers who did not share identity documents

ABN# UAE banks have suspended services to customers who failed to comply with a Central Bank of the UAE directive to submit their Emirates ID. Emirates NBD and Commercial Bank International confirmed on Wednesday that affected customers had not supplied their identity documents by the February 28 deadline stipulated by the Central […]

Cyclone Idai: Red Cross warns of a growing humanitarian crisis

ABN# Survivors of Cyclone Idai in Mozambique are facing “horrendous” conditions, according to a senior Red Cross official who said that receding flood waters could reveal a death toll even higher than the 1,000 predicted by the country’s president. Elhadj As Sy, secretary-general of the International Federation of Red Cross […]

Bitcoin Futures Rollout In Jeopardy

ABN# Intercontinental Exchange (ICE)’s plans to launch bitcoin futures in November of last year have been delayed because of regulators. According to a report in The Wall Street Journal citing people familiar with the matter, plans for ICE, which owns the New York Stock Exchange, to roll out the bitcoin futures contract […]

How global warming is decimating some fish populations and helping others

ABN# BY Tom Bawden Groundbreaking study finds key North Sea species have declined by 34.6% since 1930 North Sea fish populations are being hit hardest by global warming Read more at: The surprise discovery this month that climate change has decimated key North Sea fish populations means fishing quotas […]

Tropical Cyclone Idai highlights climate change issues

ABN# As Mozambique and Zimbabwe try to pick themselves up following devastation from Tropical Cyclone Idai, the role of climate change is becoming more and more relevant. The interesting bit is that it is not apparent that human activities have facilitated the occurrence of such disasters, as researchers pore over. […]

Facebook stored your password in plain text, exposed

ABN# Facebook on Thursday admitted that millions of passwords were stored in plain text on its internal servers, a security slip that left them readable by the social networking platform’s employees. “To be clear, these passwords were never visible to anyone outside of Facebook and we have found no evidence […]

Experts Tease Out Kingpin Role of Digitization for Africa’s Revenue Harvest

ABN# Marrakech — Digitization has been variously described as pivotal in ramping-up revenue collection for financing Africa’s development. This convergence of views characterized discussions at one of the plenary debates of the 38th meeting of the Committee of Experts of the ECA Conference of African Ministers of Finance, Planning and […]

British Airways launches double Avios promotion

ABN# British Airways is offering double Avios on six flights taken before the end of the year. However you’ll need to get organised – all flights must be booked by April 19 (and flights you’ve already booked don’t count). Executive Club members must register for the deal before booking, and the bonus […]

Ethiopia Ratifies Continental Free Trade Area Agreement

ABN# The House of People’s Representative (HPR) has approved the draft proclamation for the ratification of African Continental Free Trade Area Agreement today. The HPR ratified unanimously the proclamation for the ratification of African Continental Free Trade Area (ACFTA). As of the end of February this year, 52 out of […]

Rwanda Breaks Its World Record: Now Has 68% Women In Parliament

ABN# Rwanda has broken its a current world record of 64% women representation in parliament. The new world record for women representation in parliament has now shot up to 67.5%. Out of 80, now women occupy 54 seats, which is 67.5%. The new record came out on Tuesday night after […]

Ethiopian Airlines Refutes the Baseless Allegations Published in the Washington Post.

ABN# Ethiopian Airlines strongly refutes all the baseless and factually incorrect allegations written in the Washington Post dated March 21, 2019. All the allegations in the article are false defamations without any evidence, collected from unknown and unreliable sources and meant to divert attention from the global grounding of the […]

India ‘will not burden Africa with huge debt’

ABN# India has promised African countries that it will not burden the continent with huge debts like other developed powers.In an address during the closing ceremony of the CII-Exim Bank Africa partnership project, secretary of External Affair’s T.S Tirumurti said his government would assist African nations achieve their development plans […]

Besieged May pleads with EU to help save her Brexit plan

ABN# A dogged but isolated Prime Minister Theresa May headed back to Brussels on Thursday to beg for more time to deliver her Brexit plan, but EU leaders are likely to refuse her request for a three-month postponement. Instead, as the 28 heads of government meet for their spring summit, […]

Niger spends N3.2bn on the renovation of Government House

ABN# Over N3.2 billion is being used for the renovation, rehabilitation, and reconstruction of the Government House of Niger State. The Commissioner of Works, Zakari Jikantoro, made this known to newsmen after the state executive meeting in Minna. He said phase one of the renovation, which gulped N2.1 billion, had […]

Indonesia seeks answers as Ethiopian crash comparisons mount

ABN# JAKARTA/CHICAGO (Reuters) – Indonesian investigators described on Thursday the panic of pilots grappling with airspeed and altitude problems in the last moments of their doomed Lion Air flight, as comparisons mounted with a disaster in Ethiopia. The March 11 Ethiopian Airlines crash that killed all 157 on board has […]

Egypt, Nissan agree to produce 100,000 cars a year

ABN# INTERNATIONAL – Egyptian state-owned carmaker El Nasr Automotive Manufacturing and Japan’s Nissan have reached an initial agreement to produce 100,000 cars a year in Egypt, the minister for public enterprises said on Tuesday. The agreement is part of efforts to boost the proportion of locally made auto components in cars […]

Niger has the world’s highest birth rate – and that may be a problem

ABN# While fertility levels have declined rapidly in most parts of the world, many countries in the sub-Saharan African region of the Sahel have seen their reproductive rates go down very slowly, and only very slightly. The average woman in Niger, for example, still has 7.2 children, according to the Population Reference […]

The United States ranked 19th happiest in the world

ABN# The ranking contained in the World Happiness Report released by the Sustainable Development Solutions Network for the United Nations on March 20, saw Ghana improve her ranking to 99 from 108 (2018) in the global ranking of 156 countries. In the Sub-Saharan African ranking, Ghana placed fourth behind Mauritius (57), […]

Ethiopia opens up budding logistics sector

By Tom Gardner ABN# Ethiopia has high hopes for manufacturing and exports, but the country will not be competitive until it solves its logistical problems. To that end, the state is starting to liberalize the sector. In January, it emerged that Ethiopian exports had once again disappointed, undershooting the government’s six-month […]

Africa’s investment outlook is bright

By Obi EjimofoChief Innovation Officer at Asoko Insight ABN# New sources of investment spell an upbound moment for Africa. The case for the optimists: Deals data analyzed by Asoko Insight show investors are bullish about Africa, with 861 deals undertaken between 2015 and 2018 and the number of deals growing annually. 44% […]

Pound falls as Brexit saga takes another turn

ABN# Sterling was on the slide on Wednesday as Theresa May requested a three-month delay to Brexit, plunging Britain deeper into crisis. The pound shed 0.5% versus the US dollar to 1.319 at the London market close. Against the euro, sterling was also down 0.5% at 1.162. It came after […]

Manchester United ‘to sign Toby Alderweireld in £26m deal’

ABN# Manchester United will reportedly land Tottenham Hotspur center-back Toby Alderweireld at the end of the 2018-19 campaign. Alderweireld will see his current deal with Tottenham expire in the summer of 2020. A clause in the Belgium international’s contract means that he will be available for £26m this summer’s transfer window, and according […]

Ethiopian Airlines to launch a new route to Istanbul

ABN# Ethiopian Airlines has launched a new route to Turkey’s Istanbul with flights set to depart from April 1, 2019. Istanbul will be the airlines’ 120th international destination and the direct service from Addis Ababa will operate three times per week. The route will be serviced by a Boeing 737-800, […]

Inaugural Asmara-Addis Lit Fest“ launched: “a new pan-African literary event”

In Brussels, Belgium the first edition of the Asmara-Addis Literary Festival (in Exile) took place on the 8th of February, 2019. Considering Belgium’s chequered with Africa, Brussels is probably not the best location for this festival. However, a conversation between Eritrea and Ethiopia, countries which fought for over two decades […]

33 ways Davos 2019 made an impact on the world

33 ways Davos 2019 made an impact on the world ABN# Shaping the Global Agenda Prime Minister Abe of Japan used a special address to commit his country’s G20 Chairmanship to launch an agenda for global data governance. Abe said that the process, dubbed the Osaka track, would work the auspices of […]

Advanced Drone Operations Toolkit: Accelerating the Drone Revolution

Advanced Drone Operations Toolkit: Accelerating the Drone Revolution ABN# The Advanced Drone Operations Toolkit provides a modular approach for governments to enable societally important and safe drone projects. Each recommendation is based upon lessons learned from the latest successful pilot projects in Switzerland, Rwanda, and Malawi – saving lives and […]

Trump Says No Trade Deal Will Be Final Until He Meets With Xi

Trump Says No Trade Deal Will Be Final Until He Meets With Xi ABN# President Donald Trump said negotiations are going well on the last day of high-level trade talks between the U.S. and China but that no deal will be final until he meets with Chinese President Xi Jinping. […]

Every Black Sabbath album – ranked!

Every Black Sabbath album – ranked! ABN# By Michael Hann Highs and lows … Black Sabbath. Photograph: Ann Clifford/The LIFE Picture Collection/Getty Images Seventh Star (1986) Seventh Star was meant to be Tony Iommi’s first solo album, until label and management decided no one was going to buy it, and insisted […]

In Side the Ethiopian Christmas

In Side the Ethiopian Christmas By Aklile Tsige /ABN / If Western-style December hi jinks are not enough, why not head for the Ethiopian cities and towns, and join the country’s January Christmas celebration-and take in a trekking holiday while you are at it? Ethiopia, one of the oldest nations […]

M-BIRR e-payment platform supports the neediest Ethiopianhouseholds

M-BIRR e-payment platform supports the neediest Ethiopian households BY ABN # According to The World Bank, in 2015-2016 Ethiopia faced the worst climatic impact in 50 years and resulted in 10 million food insecure households in rural Ethiopia.  To address this challenge, The World Bank and other development agencies, in […]

Ethiopian Inaugurates Airport Terminal Expansion and New Hotel

Ethiopian Inaugurates Airport Terminal Expansion and New Hotel BY ABN Ethiopian Airlines Group, the largest aviation group in Africa, inaugurated astate-of-the-art passenger terminal and its Skylight Hotel on 27 January 2019. FDRE Prime Minister H.E. Dr. Abiy Ahmed; African Union Chairperson H.E. Moussa Faki; Group CEO Tewolde GebreMariam; Ministers; high-level government […]

Volkswagen is set to install assembly plant in Ethiopia

Volkswagen is set to install assembly plant in Ethiopia   Volkswagen known internationally as the Volkswagen Group, is a German multinationalautomotive manufacturing company headquartered in Wolfsburg, Germany. Volkswagen was founded in 1937, to manufacture the car which would become known as the Beetle. In the early 1930s, the German auto industry was still largely […]

Ethiopia: Authorities enhance prison management skills

Ethiopia: Authorities enhance prison management skills     ABN #  04 December 2018 Participants attending the training being provided by Paulus, Adama, Oromia Region, 2018. CC   BY-NC-ND / ICRC / Alemayehu Takele “Making good use of available meagre resources could change the quality of life in prison. This was […]