economy

economy

IMF to advance low-cost food emergency loans to poor nations

IMF to advance low-cost food emergency loans to poor nations

Africa-Press - Eritrea. The International Monetary Fund has launched a new Food Shock Window programme, a funding mechanism that seeks to help vulnerable countries...
World Bank backs solar minigrids to address energy access gaps

World Bank backs solar minigrids to address energy access gaps

Africa-Press - Eritrea. Around 733 million people in Sub-Saharan Africa still have no access to electricity with the concern that by 2030, 91 per...
“Dignity is Found within a Society’s Tradition.” Designer Henok

“Dignity is Found within a Society’s Tradition.” Designer Henok

Africa-Press - Eritrea. Our guest today, Henok Kidane Tewelde, has been named “best designer of the year.” He works with the staff administration at...
Staple food prices surge to 14-year high – IMF

Staple food prices surge to 14-year high – IMF

Africa-Press - Eritrea. Prices of staple foods in sub-Saharan Africa surged by an average 23.9 per cent in 2020-2022, the highest since the 2008...
OECD slashes global growth forecast, warns of recession in Europe

OECD slashes global growth forecast, warns of recession in Europe

Africa-Press - Eritrea. The Organization for Economic Co-operation and Development (OECD) has lowered its global economic growth forecast for 2023, and warned that many...
Oil slips to 9-month low as strong dollar, likely recession spur demand jitters

Oil slips to 9-month low as strong dollar, likely recession spur demand jitters

Africa-Press - Eritrea. Oil prices continued to plunge on Monday to nine-month lows as several countries opted to increase interest rates to tame rising...
Pound slumps to all-time low against dollar

Pound slumps to all-time low against dollar

Africa-Press - Eritrea. The pound has fallen to its lowest level against the US dollar since decimalisation in 1971. In early Asia trade, sterling fell...
Microsoft, AfDB partner to drive Africa's youth entrepreneurship

Microsoft, AfDB partner to drive Africa’s youth entrepreneurship

Africa-Press - Eritrea. Microsoft and the African Development Bank will teach and finance Africa’s youth entrepreneurs. The initiative is part of AfDB Youth Entrepreneurship Investment...
Technology key to unlocking jobs for African youths - AVIC

Technology key to unlocking jobs for African youths – AVIC

Africa-Press - Eritrea. Young and expanding working age population will drive Africa's progressive growth if harnessed. The Chinese Multinational construction firm AVIC International said this...
Global markets dive as central banks hike rates, recession fears escalate

Global markets dive as central banks hike rates, recession fears escalate

Africa-Press - Eritrea. Amid hawkish monetary policy steps by central banks around the world and growing recession concerns, global stock markets continued on a...