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Ethiopia Scrambles To Meet Property Demand In Booming Capital

AFRICANGLOBE - A property boom in Ethiopia's capital is putting pressure on the government to keep homes affordable for some of Africa's poorest people who also live in one of its fastest-growing economies.

Ethiopia’s Economy To Grow 10.5 Percent In 2015/16

AFRICANGLOBE - Ethiopia's economy is expected to grow by 9.5 percent this fiscal year ending June before accelerating to 10.5 percent in 2015/16, the World Bank said on Friday, adding inflation will remain in single digits during this period. The ruling Ethiopian People's Revolutionary Democratic Front (EPRDF) has touted its economic achievements before Sunday's election, although no one doubts it will sweep to power again.

Addis Ababa, Ethiopia Among Cities Of The Future With A Bright...

AFRICANGLOBE - According to the annual “Wealth Report” released by global real estate consultancy Knight Frank on March 5, Ethiopia's capital is among four cities in the world dubbed as "Cities of the Future", based on the wealth creation opportunities they will present in the future.

Chinese Developers Begin Urban Complex Project In Ethiopia’s Capital

AFRICANGLOBE - Poli Lotus International Center, the first urban complex project in Ethiopia developed by Chinese investment, was opened on Monday in Ethiopia’s capital Addis Ababa.

African Manufacturing An Awakening Giant

AFRICANGLOBE - A quiet boom in manufacturing in Africa is already taking place. Farming and services are still dominant, backed by the export of commodities, but new industries are emerging in a lot of African countries.