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Congo: Peace Deal to Break Great Lakes’ Conflict Pattern

AFRICANGLOBE - A peace, security and cooperation framework agreement for the Democratic Republic of the Congo (DRC) and the Great Lakes region was signed in Ethiopia at the weekend raising hopes of a return to peace in the region. 

Africa Must Unite Or Sink — Kwame Nkrumah

AFRICANGLOBE - In celebration of Black History Month we post the speech Ghana's Kwame Nkrumah made in Addis Ababa the Ethiopian capital on May 24, 1963 during a meeting of 32 independent African countries who wanted to chart a new destiny for the continent.

Ethiopia Records Double-Digit Economic Growth Under GTP

AFRICANGLOBE - Ethiopia's Ministry of Finance and Economic Development on Wednesday announced that Ethiopia has registered an average of 10% economic growth during the past two years of the five-year Growth and Transformation Plan (GTP).

Exploring the Ancient City of Harar

AFRICANGLOBE - The old part of Harar is called jegol, which means the old walled city. The walls around Harar are more than two meters tall, and were built to defend the city from migration as well as attacks from enemy armies. To get into the city you would have to go through one of the six gates, where guards would make sure that nobody would enter illegally.

AU Commission Chairperson Calls for African Standby Force

AFRICANGLOBE - The chairperson of the African Union Commission (AUC), Nkozasana Dlamini-Zuma Thursday in Addis Ababa, Ethiopia, urged for the need to put into operation the African Standby Force, with a view to providing the continent with a quick response to the conflicts and other situations that require military intervention.

World Bank Launches $4bn fund to Invest in Ethiopia

AFRICANGLOBE - The World Bank is set to pump $4 billion into Ethiopia in the coming four years in order to enhance competitiveness and employment generation through its country partnership strategy. Launching the new strategy on Wednesday in Addis Ababa, the bank said the money will be used to build on the progress achieved by Ethiopia during the past five years.

Ethiopia: The Awakening of a Sleeping Giant

When you walk on the streets of Addis Ababa in Ethiopia, it feels like the city is one big building site. Anyone with some money to invest is clearly putting it into property in this growing urban centre. Construction can be a good sign in a developing country. Not only does it provide employment in the short term but infrastructural development supports the growth of other economic sectors in the long-run.

China: Infiltrating The Heart Of Africa

AFRICANGLOBE - "China's gift to Africa." The new headquarters of the African Union, a towering 20-storey building in Addis Ababa, Ethiopia, is so called because China picked up the $200 million tab for the state-of-the-art complex. Ethiopia's tallest building, completed in December 2011 in time for an AU summit the following month, includes a 2,500-seat conference hall.

Ethiopia Opens Up For Investment

AFRICANGLOBE - Ethiopia's Prime Minister Hailemariam Desalegn, has shown earliest signs that he wants to put an end to Addis Ababa’s aloofness and invite...

Ethiopia: Addis Ababa, the New York of Africa?

AFRICANGLOBE - Addis Ababa loosely translated means a 'new flower'. The capital city of Ethiopia is indeed blooming and very fast, Addis is also...

Addis Ababa Named One of the World’s Best Cities to Visit...

Lonely Planet, the global travel guidebook company, has named Addis Ababa, Ethiopia as one of the world’s best cities to visit in 2013. Lonely Planet...

New AU Chief Vows to Tackle Mali Crises

The new head of the African Union Commission, Nkosazana Dlamini-Zuma, took office on Monday becoming the first female to assume the top position of...

Africa Seeks to Grow More, Buy Less

Africa can ensure food security by producing wheat. New research presented in Addis Ababa, Ethiopia this week shows that the continent has the potential...

No Further Talks With Sudan Over Abyei Says South Sudan

South Sudan said it would not hold further talks with Sudan on the disputed area of Abyei and vowed to discuss the fate of...

Ethiopia Inaugurates Cable Production Plant, Truck Assembling Factory

Ethiopia on Thursday inaugurated a wire and cable production factory and a truck assembling factory executed in cooperation with a Chinese company Poly Technologies...

World Bank Approves $1.15 Billion Interest Free Loan for Ethiopia

The World Bank has endorsed a $1,15 billion interest free loan to Ethiopia under its country partnership strategy (CPS) that will help the Horn...