(bloomberg/Ana Monteiro & Ntando Thukwana, 18 April 2018)
East African economy has held position for most of past decade
Ghana GDP surged 8.5% in 2017 as Sankofa field started output
Ghana has lost its mantle as the African economy likely to grow the quickest this year to Ethiopia, which has held the position for most of the past decade, International Monetary Fund data showed. West Africa’s second-biggest economy should expand 6.3 percent this year, the IMF said in its World Economic Outlook released Tuesday. That’s lower than the 8.9 percent forecast in October, and is also less than the raised 7.4 percent estimate for Ivory Coast and the prediction for Ethiopia, which was held at 8.5 percent.
Recent advances in technology are creating scalability for sub-Saharan African investments, with technology-enabled businesses well-positioned for growth. Acting as a catalyst and enabler to business, investors are finding that technology-enabled solutions can alter the trajectory of consumer access and affordability for many companies in sub-Saharan Africa including Energy, logistics, financial services, education and government records.
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Ethiopian Women in Energy Network, #EWiEN, relaunched today in Addis Ababa, Ethiopia with an improved governance structure in the presence of larger stakeholders including Abraham Belay(Dr.), CEO of EEP, members of #EWiEN, invited guests, sponsors and volunteers.
The Relaunching program includes key note speeches, presentations, panel discussions and official launching ceremony.
As introduced by Atsede Gualu(Dr.),#EWiEN Chairwoman, and Filagot Tesfaye(Engineer), #EWiEN President, #EWiEN has a vision to see Ethiopian Women, at the heart of the energy sector, as change agents and beneficiary in the effort of providing energy access to all. The network will focus on Empowering, promoting Visibility and Networking women in the energy sector.
With the appointment of Sahle-Work Zewde as first female president, and the creation of a gender-balanced cabinet, Ethiopia is attracting global attention for efforts to promote gender equality. This is against a backdrop of some of the lowest gender equality performance indicators in Sub-Saharan Africa. Gaps between men and women are especially prevalent in infrastructure sectors such as energy, where the roles and responsibilities of women and girls in the household, market, and community can affect their access, control, and use of electricity services.
Ethiopia has set a 2025 target of universal electricity access, as well as 100% access for primary and secondary schools, hospitals, and primary health centers. With the help of the World Bank Group, the country is pioneering a new model to promote equality between men and women while it works toward universal electricity access.