Tuesday, June 25, 2024
Wardheer News

Somalia moves closer to enjoying perks of joining EAC

Somalia held a consultative road map meeting last week, which would see its legal structures aligned to those of the East African Community (EAC) to enable it to benefit from the regional bloc.  The one-week meeting, attended by EAC partner … Continued

How Mombasa beat Djibouti, Dar in new World Bank port ranking

Mombasa port bypassed its main Eastern African competitors, Djibouti and Dar es Salaam, in the latest World Bank global ports index over ship delays and non-tariff barriers. According to the newly released Container Port Performance Index (CPPI) 2023, increasing business … Continued

Remittances: A growing lifeline for the unbanked

Over the past two decades, the volume of remittances sent globally has increased fivefold. Despite this growth, there is still a pressing need to reduce transaction costs and improve access to financial services for the 1.4 billion adults worldwide who … Continued

Ethiopia’s 10-month remittances surpass $4.2b

Ethiopia has earned over $4.2 billion in remittance over the past 10 months, a senior official has disclosed. Briefing journalists on Wednesday, the country’s Minister of Planning and Development Fitsum Asefa said the country is attracting over $4 billion on … Continued

Ethiopian coffee booms despite looming EU regulation

Addis Abeba – Ethiopia’s coffee industry is experiencing a robust year, with exports reaching a staggering $1.2 billion in the past 11 months, according to the Coffee and Tea Authority.  This revenue stems from the export of 252,446 tons of coffee … Continued

SA fails to lure Boeing for new Africa headquarters

Boeing, the world’s largest aerospace company, has picked Ethiopia for its new Africa headquarters. South Africa and Kenya were passed over as preferred locations, losing out on the resulting investment.   On The Money Show, Bruce Whitfield notes that Boeing … Continued

Why South Korea wants a piece of Africa

South Korea is banking on its first summit with African leaders on Tuesday to raise its profile on the continent and boost economic ties, officials said ahead of the meeting in Seoul. But in an Africa where China, the US, … Continued