Ethiopian Business Review

In Ethiopia, micro finance institutions (MFIs), which were mostly founded with the aim of fighting poverty, play a big role in addressing the needs of people who are considered ‘high-risk’ by commercial banks. In a country where over 77pct of the population is unbanked, MFIs provide loans to the large portion of the population with very few assets.

Published in Statistics
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Inadequate infrastructure continues to undermine the competitiveness of African countries in the global arena. Despite being blessed with ample mineral and other natural resources, the continent has the lowest infrastructural development in the world in areas like energy, water, sanitation, transportation, and communications technology.

Published in Statistics
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The mission of the United Nations to end extreme poverty is unlikely to be met, largely due to the growth in food insecurity in developing countries, according to the World Poverty Clock, a data lab created by a Vienna-based NGO last year. Based on targets set by the UN almost twenty years ago, about 83 million people should have been lifted out of poverty by now. 

Published in Statistics
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