How fast is Africa really growing?

Financial Times By Razia Khan of Standard Chartered Bank Africa is rising, but poor data availability means that we can’t be sure by how much. There are proxies that help shed some light. Chinese customs data show that Africa-China trade ballooned to $210bn last year from $5bn-$7bn at the end of the 1990s. Lending to

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Ethiopia: “I can’t eat GDP!”– Why Numbers don’t Matter!

By Fekadu Bekele Last February a one-day seminar was conducted by Heinrich Böll Stiftung, a foundation which is founded after the name of one of the legendary figures of peace movements during the 1970s and 80s, famous for his many critical works as a writer. The foundation intimately linked to the Green party, actively participating

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UK agency says faulty wiring likely caused Dreamliner fire

By Alwyn Scott NEW YORK (Reuters) – A fire that scorched the top of a Boeing Co 787 Dreamliner at London Heathrow airport last summer was likely caused by faulty wiring in an emergency rescue beacon that led to “an uncontrolled discharge” from a lithium-ion battery, the UK aviation safety agency said on Wednesday. The

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Heineken to Open New Brewery in Ethiopia

WSJ Africa One of World’s Fastest-Growing Beer Markets AMSTERDAM— Heineken HEINY -0.39% NV will next month open a new brewery in Addis Ababa, Ethiopia, in what is the Dutch brewer’s latest push to expand in Africa, one of the world’s fastest-growing beer markets. The brewery in Kilinto, on the outskirts of Addis Ababa, will be Heineken’s third plant in

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The British expat who has opened a farm in Ethiopia

BBC By James JeffreyAddis Ababa, Ethiopia The business hopes to take advantage of increased milk consumption in Ethiopia Beside the small town of Adiguden a group of cows prance and buck when released from their shed into a paddock beneath the piercing sunshine of the midday sun in northern Ethiopia. They are owned by a

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Ethiopian bank to provide interest-free funds for pilgrims

The account, dubbed “Lebeik,” will allow Ethiopian Muslims to deposit money in savings for their Hajj and Umra pilgrimage, according to a statement issued following the signing of the agreement. World Bulletin / News Desk An Ethiopian bank has signed an agreement with the Islamic Affairs Supreme Council to provide an interest-free savings account for

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Chinese phone comes preloaded with spyware

AP (AP Photo/G Data Software, Frank Born) BERLIN (AP) — A cheap brand of Chinese-made smartphones carried by major online retailers comes preinstalled with espionage software, a German security firm said Tuesday. G Data Software said it found malicious code hidden deep in the propriety software of the Star N9500 when it ordered the handset

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Ethiopian student designs advanced generation aerial robots

Phys.org Doctoral candidate Abeje Yenehun Mersha designed novel human-in-the-loop control architectures for this new and advanced generation of aerial service robots. Mr. Mersha is affiliated with the CTIT research institute of the University of Twente, in The Netherlands. He is due to obtain his doctoral degree on Friday June 13th. The need for robots able

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Ethiopian Airlines to start service to Madrid, Spain

Ethiopian Airlines Ethiopian Airlines, the largest airline in Africa, is pleased to announce that it has finalized preparations to start three weekly services to Madrid, Spain starting from September 2, 2014. Ethiopian flights to Madrid will be operated through Rome and will bring the number of the airline’s international destinations across five continents to 83.

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Ethiopia ranks second poorest country in the world – Oxford University Study

Oxford University According to The Global Multidimensional Poverty Index (MPI), published by Oxford University, Ethiopia ranks the second poorest country in the world just ahead of Niger. The study is based on analysis of acute poverty in 108 developing countries around the world. Despite making progress at reducing the percentage of destitute people, Ethiopia is still

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