Category: Market Bazaar

KHARTOUM- (Xinhua) — A Sudanese official on Sunday said that no drop in the water level of the Blue Nile has been detected despite Ethiopia’s start of the second filling of the Grand Ethiopian Renaissance Dam (GERD). “Since April, Al-Daim station on the border with Ethiopia has not monitored any drop in the daily level...

Growing its ever increasing footprint in Africa, integrated logistics solutions provider Dubai Ports World (DP World) and the government of Somaliland have inaugurated a new container provider at Berbera port. This follows the completion of the first phase of the port’s expansion plan, as part of its development into a major regional trade hub serving the Horn...

Business Daily Reimbursements to Kenya for its troops fighting Al-Shabaab militia in Somalia fell short of target by Sh3.51 billion in nine months to March as the UN-backed planned date for troops withdrawal draws closer. The Treasury says in latest exchequer statistics the European Union (EU) and its partners wired nearly Sh3.35 billion in the...

Kenya and Somalia will equally share proceeds of oil and gas sales within the disputed maritime triangle in a deal brokered by Qatar. A redacted agreement between the two warring states exclusively seen by the Star shows the 50:50 sharing deal is expected to be signed in Doha soon. Qatar has a major interest in...

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 Traders Association chairman Kimathi Munjuri said a flights ban was ill advised and that Kenya...

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 Berbera into one of the major trade and logistics corridors of the Country’s international trade...

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 create a complex context going forward. It is against this backdrop of risk tempered with...