Several African Central Banks Are Exploring Digital Currencies to Enhance Payment Systems.
As Africa strives towards financial inclusion, several countries in the continent are currently exploring the use of Central Bank Digital...
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Economy
merabweri
- Mar 28
- 1 min
Africa dominates list of the world’s 20 fastest-growing economies in 2024.
In 2024, Africa is poised to dominate the list of the world’s 20 fastest-growing economies, with eleven African nations expected to...
130
merabweri
- Feb 26
- 1 min
Trends in African Startup Funding Show a Shift in Investor Focus
In 2023, African startups secured a total of $2.9 billion in funding across equity, debt, and grants for deals exceeding $100k, marking a...
170
merabweri
- Feb 26
- 1 min
Six of the Top 10 Performing Economies in the World are Expected to Come From Sub-Saharan Africa in 2024.
According to the IMF, six of the top-10 fastest-growing economies are expected to emerge from Sub-Saharan Africa. Ivory Coast, leading...
90
spotlightethio
- Jan 2
- 1 min
Chinese Lending to Africa Fell to its Lowest Level in Two Decades
Over the past two decades, China has emerged as one of the largest business partners for sub-Saharan Africa, purchasing over a fifth of...
120
spotlightethio
- Nov 6, 2023
- 1 min
Major Shift in Investment Strategies Across Sectors in East Africa
A new report reveals a remarkable shift in where investors are focusing their attention in East Africa, a trend driven by recent global...
120
spotlightethio
- Aug 9, 2023
- 1 min
Africa Accounts For 66% Of The World's $1.2 Trillion Mobile Money Market
In a clear indicator of the rise of digital finance, mobile money services are growing faster than anticipated globally and most notably...
280
spotlightethio
- Aug 9, 2023
- 1 min
Africa Has At Least 345 Companies With Revenues of $1 Billion Or More
Africa is home to many large companies: at least 345 companies have annual revenues of at least $1 billion and collectively, they produce...
150
spotlightethio
- Apr 21, 2023
- 1 min
87% of Ethiopia's Energy Consumption is Powered by Renewables
Africa is the one region of the world where renewables play a truly dominant role in energy consumption. About 87% of Ethiopia's energy...
170
spotlightethio
- Mar 6, 2023
- 1 min
Venture Capital Funding Continued To Grow In Africa Despite Global Slump
The African Tech sector was one of the few, if not the only, VC markets to boast net growth funding and deals in 2022. VC funding grew 8%...
120
spotlightethio
- Feb 9, 2023
- 1 min
The Cost of Starting A Business In Ethiopia Is $152.78 USD
Reforms are underway to make the process cheaper and simpler to start a business in Ethiopia 📈 This will spur innovation, economic...
490
spotlightethio
- Feb 6, 2023
- 1 min
Ethiopia Is Emerging As A Global Offshoring Destination
Offshoring is when a business moves some of its operations overseas to reduce costs and access a larger pool of skilled people. As labour...
320
spotlightethio
- Feb 6, 2023
- 1 min
Ethiopia’s Economy Grew The Fastest In Africa From 2010 to 2019, Averaging 9.45% Per Year
Ethiopia was the fastest growing economy in Africa between 2010 and 2019 📈 Ethiopia’s economy experienced strong, broad-based growth...
30
spotlightethio
- Feb 6, 2023
- 1 min
Addis Ababa Ranks Second As World’s Best Location To Set Up Data Centers.
According to the latest fDi Intelligence study, Addis Ababa ranked as the world’s second-best location to set up a data center. Beijing...
160
spotlightethio
- Feb 6, 2023
- 1 min
More Than Half Of Global Population Growth Between Now And 2050 Will Occur In Africa.
According to recent UN forecasts, the population of Africa is projected to double by 2050 to over 2 billion, accounting for most of the...
180
spotlightethio
- Feb 6, 2023
- 1 min
Foreign Direct Investment To Ethiopia Grew By 79% To $4.3 Billion In 2021.
Foreign direct investment (FDI) flows to Ethiopia grew by 79% to $4.3 billion in 2021, making it one of the top FDI country destinations...
30
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