One of the occurrences of the final decade of the 20th Century that has profoundly impacted the Ethiopian economy and politics is arguably Eritrea’s independence from the country in 1993. It made Ethiopia a landlocked country, forcing it to depend on the ports of its neighbors to import and export goods, to say the least. Ethiopia currently relies on ports in  Djibouti for 95 Pct of its international trade, while the Ports of Sudan and Berbera (mostly for aid) and Ethiopian Airlines (mostly for perishable goods, such as flowers) cover most of the remainder.

COP27, the 27th Session of the Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC), started on November 6, 2022. The event, hosted by Egypt, marked the 105th anniversary of the Great October Revolution and took place 869 years after The Treaty at Wallingford.

This is not the first COP summit in Africa: COP7 and COP15 were held in Marrakesh, COP12 in Nairobi, and COP17 in Durban. UNFCCC is a very travel-happy organization, moving events from one continent to another almost every year.

Explicating Some Misconceptions

Agenda 2063 is Africa’s strategic framework for inclusive economic growth and structural transformation. The continent is planned in detail on how to achieve this vision over a period of 50 years from 2013 to 2063; goals are also set. This Agenda packed with seven aspirations and twenty goals, which are aligned with the United Nations’ sustainable development goals that combine the social, ecological, and economic sustainability pillars. For a number of reasons, agriculture and African development are intertwined. One of the Agenda 2063 goals commits “to increase modern agricultural production and productivity,” implying agricultural growth is decisive for Africa’s transformation. However, the low agricultural development in the continent is linked to inadequate investments on the sector to stimulate sustained growth. The structural adjustment measures adopted to cut public spending at the end of the 20th century led to a decline in state-led agricultural initiatives in Africa. Policymakers are correcting the mistakes in the past, “Africa will take full responsibility for financing its own development,” as one of the 20 goals noted. Accordingly, it is imperative to emphasize the need for development-oriented financial institutions that support initiatives that have crucial developmental impacts. This article is mainly to explicate misconceptions regarding the roles played by public development banks, in general, and to provide evidence-based performance indicators on the success of current strategic reform plan of the Development Bank of Ethiopia (DBE), a reform plan aimed to strengthen the provision of cutting-edge development banking services Ethiopia.

Argentina’s crisis-stricken economy stands in stark contrast to the country’s excellence on the football field. To break the never-ending cycle of macroeconomic crises, Argentineans must learn from their national team’s dedication, tenacity, and respect for the rules of the game.