Category: Market Bazaar

By Bemenet Wondewossen, Addis Fortune The Ethio-Djibouti Gauge Railway is set to double the number of freight trains a day to four pairs by November in an effort to break even. It has been functioning with two pairs of freight trains a day – sending two trains to Addis and two to Djibouti – for...

Nita Bhalla NAIROBI (Thomson Reuters Foundation) – A multibillion-dollar oil pipeline planned for East Africa could spell disaster for local communities, charities said on Thursday, warning of lost land and livelihoods unless oil firms listen up and change tack. French energy giant Total and its partner China National Offshore Oil Corporation plan to exploit oil...

By Ismail Sebugwaawo, Khaleej Times Abu Dhabi- Two people were killed in a gas explosion that ripped through a fast food restaurant in Abu Dhabi on Monday morning, authorities said. One of the victims was near the explosion site on Rashid Bin Saeed Street (Airport Road), while the other was a passerby who was hit...

ADDIS ABEBA – Ethiopian Airlines Group said it has successfully completed a new passenger terminal at its hub Addis Ababa Bole International Airport with an emphasis on Bio Security and Bio-Safety measures. The new terminal has check-in hall with sixty check-in counters, thirty self-check-in kiosks, ten self-bag drop/SBD/, sixteen immigration counters with more e-gate provisions,...

Jevans Nyabiage, South China Morning Post Beijing may not fight the decision by Taiwan  to establish a representative office in Somaliland  if the relationship is restricted to commercial ties and not political or diplomatic, analysts say. On Monday, the Taiwanese flag was hoisted in Hargeisa, the capital of the breakaway region of Somaliland in northwest Somalia, marking...

BY AHMED KHALIF The annual hajj pilgrimage to Mecca was slated to begin this week. In normal times, pilgrims from around the world would be flocking to Islam’s holiest site, where they would take part in days of rituals central to their faith. But these are not normal times. As a result of the coronavirus pandemic, Saudi Arabian...

Abdimajid Jama Sanharir, owner of Sokeeye Ice Cream, one of three ice cream parlours in Dhagahley refugee camp in Dadaab, Kenya, is feeling the impact of the Covid19 pandemic on his business. His biggest customers were school children, who used to buy ice cream and soft drinks, but they have not been coming since March...

By Viktor Katona, Oilprice Somalia’s government has announced that it would hold its first-ever offshore licensing round this August, marking the starting point of Africa’s perhaps most adventurous oil frontiers. Still recovering from the disastrous consequences of the Civil War, Somalia currently produces no oil whatsoever and has no exploratory activity taking place. This does...