Nairobi, Kenya — The Central Bank of Kenya has projected Kenya’s economy to grow at a sustained rate of 5.9 percent, a slight downgrade from its previous 6 percent estimate. CBK Governor Patrick Njoroge, during the post-Monetary Policy Meeting (MPC) … Continued
Archetype Group has been chosen by Carnegie Hill Hospitality, which is partnering with Accor, to work on its first luxury property in Djibouti: Fairmont Djibouti, located in Djibouti City, which is said to be one of the country’s most affluent areas. Strategically located … Continued
Abdirahman Mohamed Abdi, 21, who is deaf, runs a thriving online retail business employing 15 young people. He is supporting his parents and also paying fees for his two younger brothers in a local primary school. His online shop, called … Continued
Ethiopian Airlines is due to reactivate its Boeing 737 MAX fleet in February. According to the chief executive officer of Ethiopian Airlines, Tewolde Gebremariam, it took more than 20 months for the company to regain confidence in the safety issues … Continued
NAIROBI, Dec 16 (Reuters) – The Kenyan shilling is expected to face pressure but that may ease gradually, while the Zambian kwacha is also anticipated to weaken amid higher importer appetite for hard currency. KENYA Kenya’s shilling is expected face … Continued
By ABDULKADIR KHALIF, The East African Somaliland, the self-declared independent region north of Somalia, on Saturday officially launched a renovated Berbera International Airport, seeking a slice of the growing aviation earnings in the region. President Muse Bihi, alongside Somaliland government … Continued
NAIROBI, Kenya (AP) – Ethiopia´s once rapidly growing economy is taking another hit tied to its yearlong war, with global clothing manufacturer PVH Corp. saying it is closing its facility there because of the “speed and volatility of the escalating … Continued
By Bryant Harris, The National News Prime Minister Abiy Ahmed came out swinging on Thursday against US threats to remove Ethiopia from a key trade pact over the humanitarian crisis in Tigray. The prime minister’s office released a video urging … Continued
(Reuters) – Facebook Inc’s (FB.O) main social media site, popular photo-sharing platform Instagram and messaging app WhatsApp, were down for tens of thousands of users, according to outage tracking website Downdetector.com. Reuters could not immediately confirm the issue affecting the services. However, … Continued
Somalia’s largely unbanked population could still aid the growth of small and medium enterprises (SMEs) in the country, if they join mobile money service. A new study on Somalia’s business environment says use of mobile money services could plug the … Continued
The European Union has announced that it will impose a universal charger for smartphones, setting up a clash with Apple and its widely used iPhone. “European consumers have been frustrated long enough about incompatible chargers piling up in their drawers,” … Continued
JOHANNESBURG, South Africa, APO Group/ — Coming to African Energy Week (AEW) 2021 in Cape Town on the 9th-12th of November, leading East African producers are committed to emphasizing the region’s significant upstream investment opportunities, networking with African ministers from across … Continued
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