Wednesday, October 16, 2019
Wardheer News

Norway to Provide Bridging Loan to Somalia

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 joint venture scales operations in Ethiopia

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

Egyptian tuk-tuk start-up Halan to expand to Ethiopia

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

Ethiopia Largest Recipient of FDI in Eastern Africa

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

Global regulator discrepancies over Boeing 737 MAX worry IATA

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

Kenya anti-corruption body halts Telkom-Airtel merger

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

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