CAPE TOWN, South Africa– Rich in hydrocarbons and possessing a favorable geological structure, Somalia holds huge opportunities for investors looking to enter the East African market, said the country’s Minister of Petroleum and Mineral Resources, Hon. Abdirashid Mohamed Ahmed at … Continued
OSLO, Norway, APO Group/ — The Government has proposed that Norway should provide a short-term bridging loan of NOK 3.135 billion to Somalia in 2020 to clear Somalia’s debt arrears to the World Bank’s International Development Association. Technically, this is … Continued
DHL-Ethiopian Airlines Logistics Services – a joint venture formed between DHL Global Forwarding and Ethiopian Airlines – is scaling its operations in Ethiopia. The company has named Berhanu Kassa as General Manager. Previously director of logistics services at Ethiopian Airlines, … Continued
By Ali S. Yusuf The latest update on Somalia’s economy issued by the World Bank on Monday, September 9th, 2019, highlights impressive figures posted by the Horn of Africa nation with growth projected to rise in the coming years. According … Continued
By Yousef Saba CAIRO (Reuters) – Halan, an Egyptian technology start-up that uses two- and three-wheeled vehicles to transport passengers and goods, will begin operating in Ethiopia before the end of 2019, its chief executive told Reuters. The company, which … Continued
The president of Somaliland has announced that the UAE no longer plans to build a military airport in the semi-autonomous republic. Instead, the partly built project will be turned into a civilian airport. According to Reuters, President Muse Bihi Abdi … Continued
HARGEISA, Somaliland, – South Korean car manufacturer Hyundai is the latest multinational company to venture into the Horn of Africa via Somaliland. Hyundai launched its fleet of cars in Somaliland joining Coca Cola as the world-renown companies that have invested … Continued
Nairobi — Ethiopia beat all other eastern African countries last year as the largest recipient of Foreign Direct Investment (FDI), according to a new report authored by financial consulting firm EY. The EY Attractiveness Survey 2019 released this week shows … Continued
ADDIS ABABA – Surfing the internet with seamless reliable connectivity has now become the new normal onboard Ethiopian Airlines flights thanks to the onboard WiFi internet connectivity the Airline introduced on its A350 fleet using the latest broadband satellite technology (Kaband). With … Continued
CHICAGO (Reuters) – The head of the International Air Transport Association (IATA) warned on Tuesday that any discrepancy among global regulators over reapproving Boeing Co’s (BA.N) 737 MAX for commercial flight could set a worrying precedent for future aircraft programs. … Continued
The government’s anti-graft commission in Kenya said on Wednesday that it had suspended a planned merger of Airtel Kenya with partly state-owned Telkom Kenya, pending a probe into allegations about the misappropriation of public funds at Telkom. Bharti Airtel, based in India, said … Continued
KAMPALA (Reuters) – Uganda on Tuesday relaunched its national carrier, Uganda Airlines, hoping to take a slice of the East African aviation business that is dominated by Ethiopian Airlines ETHA.UL The country is banking on its emerging oil industry and … Continued
Aljazeera NY Times Africa News The Nation