ECA Launches One-Stop Shop for Finding Data

Aug 16 , 2020


The United Nations Economic Commission for Africa (UN-ECA) launched the first tool that offers a unique view of price variations in African countries, regional economic communities, and at the continental level. Launched virtually on August 11, 2020, the tool brings the prices and exchange rates of all African countries onto one platform that is accessible to citizens, decision makers and other stakeholders. The platform will also provide monthly, quarterly and annual analysis of inflation. The role of national statistics offices and national revenue authorities in ensuring the platform has timely, accurate and up-to-date data will be crucial, according to Vera Songwe (PhD), executive secretary of UNECA. "Lack of price data to enable, monitor, analyse and manage economies through informed policy decisions has often led to civil unrest," she added. The platform is expected to provide data on price movements to gauge how consumer prices are changing, trends in income distribution, poverty levels and income inequalities.


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Abyssinia Bank Taps to Digital Loan Solution

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ROLLING CREDIT

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SPREADING HORIZONS

Left) Elias Woldu and Mesnbet Shinkute sign a Memorandum of Understanding on behalf of the Ethio-American and Addis Abeba Chamber of Commerce & Sectoral Association, respectively. Some estimates put the number of Ethiopian diaspora living abroad at over two million people, larger than the population of several small nations. Continued economic and political deprivation has forced many to leave the country for better opportunities. While migration to other countries is still high, the number...