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Ethiopia's industrial zone thrives despite economic downturn [Business Africa]

Ethiopia's industrial zone thrives despite economic downturn [Business Africa]

Business Africa

Bole Lemi , Ethiopia’s thriving industrial sector

Ethiopia’s Bole Lemi Industrial Zone is a project that covers 156 hectares.

It is designed to help companies such as agro-processors, pharmaceutical and textile manufacturers produce and sell value-added goods and boost revenue from exports.

Already the industrial zone has close to 9,000 people while Industrialization represent 5% of the country’s GDP.

New dawn for Chinese Yuan

China’s yuan, or Renminbi (RMB), enters an historical milestone as it officially joins the International Monetary Fund (IMF)‘s Special Drawing Rights basket on Saturday.

The inclusion of the Chinese currency marks the first change in the IMF’s currency basket since the adoption of the euro in 1999. Elvis boh and William Bahiya have the in-depth story.

African economic growth dips to two-decade low says World Bank

Sub-Saharan African economies is at its lowest level in over two decades as world bank expect it to fall to 1.6 percent in 2016.

Africa has been one of the world’s fastest growing regions, Armelle Nga and Michael Dibie tell us how and why the continent came about this fall.