Category: Market Bazaar

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 situation.” The company´s statement, emailed to The Associated Press, comes two weeks after U.S. President...

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 the United States not to expel Ethiopia from the African Growth and Opportunity Act (AGOA),...

(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, the error message on Facebook’s webpage suggested a Domain Name System (DNS) error. DNS allows...

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 hole of financial inclusion, and dodges most of the barriers in Somalia, because it aids...

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,” said EU executive vice president Margre the Vestager in a statement on Thursday. “We gave...

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 the continent, key international stakeholders, and both international and national oil companies from Africa’s top...

Ethiopian Airlines has unveiled new digital option dubbed My Sheba Space that enables economy class travelers to purchase one or more empty seats on board to get extra space and relax. Ethiopian has responded to COVID 19 pandemic by introducing passenger safety guidelines implementing social distancing and sanitization measures in its ultra-modern Addis Ababa Bole International Airport...

As a country, Somalia has for years been reeling under extreme weather conditions ranging from drought, to floods resulting in starvation, hunger amongst other miseries etc. This poverty stricken country has repeatedly relied on foreign support, including the UN, to cope up with the natural disasters striking it. In tough times, particularly in the aftermath...

Telecoms companies in Somalia have until the end of the month to apply for licences to operate, or they will have to cease. The National Communications Authority (NCA) of Somalia has issued a warning that they will have to conform with the country’s unified licensing framework which complies with national communication law. The law covers...