Miraa traders want the government to restore diplomatic ties with Somalia to secure the Sh16 million a day market. They also want authorities to avoid actions that will further jeopardise the already strained relationship between the two countries. Nyambene Miraa … Continued
Addis Ababa- DP World, a leading global provider of end to end logistics solutions, and the Ministry of Transport, have signed a Memorandum of Understanding (MoU) with the aim of developing the Ethiopian side of the road linking Ethiopia to … Continued
In 2020, the economies of Djibouti, Ethiopia, Kenya and Somalia together grew by 0.88%, despite the significant downside risks precipitated by the COVID-19 (coronavirus) pandemic and the accompanying economic shakeout. Stark divergence in growth profiles, underlying fragilities and significant risks … Continued
Ankara, Turkey- Several Somali enterprises have been the target of a fascist attack in the Turkish capital Ankara’s central Kızılay neighborhood, in less than a week after a newspaper’s racist reporting on Somali nationals. Various reports said a mob on … Continued
Executive Summery Charcoal is one of the most important commodities in sub-Saharan Africa, with as much as 80% of the urban population in the East Africa region using charcoal as their primary energy needs for cooking. It is cheap, efficient … Continued
By Mary Wambui The report by Global Initiative Against Transnational Organised Crime (GI-ATOC) dubbed ‘Black Gold; The charcoal grey market in Kenya, Uganda and South Sudan’ shows that Kenya is now a major transit point of charcoal coming from the … Continued
Washington, DC: The Executive Board of the International Monetary Fund granted additional interim assistance to Somalia under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative in an amount of SDR 0.68 million (about US$ 0.97 million) on a lapse of … Continued
The government is exploring new options for Miraa after running into problems with Somalia, a key market in the region. Speaking during the launch of Meru County Micro and Small Enterprises Post Covid-19 Recovery Strategy, Industrialisation, Trade and Enterprise Development … Continued
Somalia’s sale of offshore oil blocks has hit a rock following the dismissal of the chief executive of the petroleum authority amid claims of political interference only six months into his tenure. Petroleum and Mineral Resources Minister Abdirashid Mohamed Ahmed, … Continued
By ABDULKADIR KHALIF, The East African Somalia’s Prime Minister Mohamed Hussein Roble on Wednesday rescinded a decision to dissolve the Somali Chamber of Commerce and Industry following complaints from traders. At a press briefing in Mogadishu, Mr Roble said the … Continued
Although, Africa’s aviation industry is screened with issues of poor quality standards, inconsistency, ageing fleet of aircrafts et al. Amidst all that, some African airlines have been able to deliver quality service to passengers. Here is a list of the … Continued
Governments in Africa lose about $25 billion annually to corporate abuse by multinationals who transfer profits to offshore tax havens and to individuals engaging in tax evasion through undeclared assets. Of these losses, $23.2 billion is to tax abuse by … Continued
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