Ethiopia currently heads the league for hotel development in East Africa, according to a regional focus from the influential annual hotel pipeline survey by Lagos-based W Hospitality Group. Details of the survey, which covers the whole of the African continent, … Continued
ABIDJAN, Ivory Coast, — The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide … Continued
NAIROBI, Kenya, – Approximately 155 million mobile money transactions worth US$2.7 billion are conducted in Somalia every month, making it one of the most active mobile money markets in the world. According to a World Bank finding, mobile money has superseded … Continued
BY THILASONI BENJAMIN MUSUKU, World Bank The mobile money market is booming in Somalia. Approximately 155 million transactions, worth $2.7 billion or 36% of gross domestic product (GDP), are recorded every month. Mobile money accounts for a high proportion of money … Continued
BY KHARI JOHNSON, VB Facebook has used artificial intelligence to improve its machine translation models, allowing the social media giant to recognize and translate 24 new languages. The new language translation pairs include Serbian and Belarusian to English in Europe; … Continued
By Colm Gorey After the smash hit release of the film Black Panther – chronicling the defence of a hyper-advanced city in a fictional city-state called Wakanda by a superhero king – a smart city developer aims to help build something similar. … Continued
DUBAI, United Arab Emirates — The High Court of England & Wales has granted an injunction restraining Djibouti’s port company, Port de Djibouti S.A. (PDSA), from treating its joint venture shareholders’ agreement with global trade enabler DP World as terminated. … Continued
ADDIS ABABA (Reuters) – An Ethiopian ship docked in an Eritrean port for the first time in two decades on Wednesday and Eritrea announced plans to upgrade a road to its neighbor, local media said, in further signs of strengthening … Continued
Mogadishu : The president of the Federal Republic of Somalia Mohamed Abdullahi Farmajo is leading efforts to consolidate gains made at the Forum on China-Africa Cooperation by facilitating the prospect of a tripartite agreement on economic Integration between the countries … Continued
France 24 Xi spoke before the start of a two-day China-Africa summit that is expected to focus on his cherished Belt and Road initiative, a global trade infrastructure programme. The massive scheme is aimed at improving Chinese access to foreign … Continued
Hawassa Industrial Park was completed in 2016 (Government of Ethiopia) Ethiopia has announced plans to commission four Chinese-built industrial parks by the end of the year as concerns grow over the level of debt the country is taking on. Belachew … Continued
By Macharia Gaitho, President Uhuru Kenyatta will find Chinese officials keenly studying his every move as he lands in Beijing for the Heads of State Summit of the Forum on China-Africa Cooperation (FOCAC) just days after meeting US President Donald … Continued
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