The slowdown of manufacturing in China due to the corona virus (COVID-19) outbreak is disrupting world trade and could result in a USDUS50 billion decrease in exports across global value chains, according to a report published by UNCTAD on March 4, 2020. The most affected is the manufacturing sector, especially producers of precision instruments, machinery, automotive and communication equipments.



Ethiopian Business ReviewApril 15, 20204263

Iceland has topped the Global Gender Gap Index for the 11th year in a row, according to the World Economic Forum’s Global Gender Gaps Report published last month. In 2020, the forum surveyed 153 countries. The highest possible score is 1 (total equality) and the lowest score is 0 (total inequality). Economic participation opportunity, educational attainment, health, survival, and political empowerment are factors taken into consideration in calculating the index.



Ethiopian Business ReviewMarch 15, 20205065

Ethiopia’s economy exhibited a nine percent growth in the past financial year. This is two percentage points higher than the amount registered during 2017/18 fiscal year. The expansion in the economy is attributed to 11Pct growth in services, 3.8Pct in agriculture and 12.6Pct in industrial sectors. The total GDP of the country has reached ETB1.8 trillion during the previous financial year.



Ethiopian Business ReviewFebruary 15, 20204795

The 2018 Corruption Perception Index, published by Transparency International, measures the perceived levels of public sector corruption in 180 countries and territories. The index scores on a scale of zero (highly corrupt) to 100 (very clean). Accordingly, sub-Saharan Africa is the lowest scoring region on the index, and has failed to translate its anti-corruption commitments into any real progress. A region with stark political and socio-economic contrasts and longstanding challenges, many of its countries struggle with ineffective institutions and weak democratic values, which threaten anticorruption efforts.



Ethiopian Business ReviewOctober 28, 20194961

In Africa, the number of internet users grew by 116 times since 2000. Currently, more people in Africa use the internet than in Latin America, North America, or the Middle East. At this moment, there are 525 million internet users in Africa, while 447 million people use internet in Latin America and the Caribbean. On the other hand, there are 328 million and 174 million internet users in North America in the Middle East, respectively.



Ethiopian Business ReviewAugust 28, 20195692

Between 1997 and 2008, average non-tax revenue has been increasing in Africa largely driven by the global commodity price boom. Nevertheless, especially after 2012, non-tax revenue declined sharply due to dropping commodity prices. Despite this, the non-tax revenue collected by African countries reached a staggering USD133 billion in 2017, which is much higher than the USD100 billion the continent reportedly loses annually in the form of illicit financial flows.



African countries exported USD476.6 billion dollars of goods in2018, 12.8Pct higher than the 2017 average. The figure is however 11.3Pct lower than the aggregate export earnings of 2014. In comparison, global exports from all countries worldwide equaled USD19.2 trillion in 2018, of which Africa’s export represent an estimated 2.5Pct.



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