economy

economy

OECD Annual Inflation Ticks up to 4.2% in September

OECD Annual Inflation Ticks up to 4.2% in September

Africa-Press - Eritrea. Annual consumer inflation in the Organization for Economic Cooperation and Development (OECD) area edged up to 4.2% in September, from 4.1%...
G20 Taskforce Calls for Global Panel on Inequality Emergency

G20 Taskforce Calls for Global Panel on Inequality Emergency

Africa-Press - Eritrea. A G20 taskforce established by South African President Cyril Ramaphosa has called for the creation of an international panel to tackle...
Oil Prices Ease on Supply Surplus and Weak US Manufacturing

Oil Prices Ease on Supply Surplus and Weak US Manufacturing

Africa-Press - Eritrea. Oil prices edged lower Tuesday after eight members of the OPEC+ group, including both OPEC and non-OPEC producers, decided to postpone...
World Bank’s investment arm to boost local-currency lending

World Bank’s investment arm to boost local-currency lending

Africa-Press - Eritrea. The International Finance Corporation, the World Bank’s private investment arm, is expanding its local-currency lending and direct investments into companies across...
Infrastructure: from Foreign Loans to Domestic Capital

Infrastructure: from Foreign Loans to Domestic Capital

Africa-Press - Eritrea. Africa needs between $100 to $150 billion per year to close its infrastructure gap. Economic growth on the continent over the...
U.S.-Africa Renewable Energy Policy Alignment

U.S.-Africa Renewable Energy Policy Alignment

Africa-Press - Eritrea. The U.S. and Africa are strengthening ties in renewable energy to address shared goals: boosting investments, improving energy access, and supporting...
ACEA Sparks Innovation and Jobs

ACEA Sparks Innovation and Jobs

Africa-Press - Eritrea. On the outskirts of Addis Ababa, 30-year-old Behailu Seboka, founder of Askema Engineering, manufactures brake pads using discarded materials from slaughterhouses....
African Union Implements AI in Transport Sector

African Union Implements AI in Transport Sector

Africa-Press - Eritrea. The African Union (AU) plans to harmonize the use of Artificial Intelligence (AI) in the transport sector, with the goal of...
NEPAD Leader Calls for Private Sector in Africa’S Growth

NEPAD Leader Calls for Private Sector in Africa’S Growth

Africa-Press - Eritrea. The Chairman of the NEPAD Business Group Nigeria (NBGN) Mr. J.K. Randle, has called for renewed private sector commitment to Africa’s...
Capacity-Upgrading Training for Teachers

Capacity-Upgrading Training for Teachers

Africa-Press - Eritrea. The Central Region branch of the National Teachers Association has provided capacity-upgrading training to teachers focusing on addressing student challenges. The...