LONDON – Somalia is inviting bids for 15 blocks across various basins under the country’s 2019 offshore licensing round. Delegates from the country’s Federal Ministry of Petroleum and Mineral Resources outlined the terms in London last week at an event organized by Spectrum Geo. The presentation was the first of its type ever staged outside...
By Faisal A Roble On February 7, 2019, Somalia conducted its first roadshow and unveiled official proposals for selling its oil and gas deposits. The venue chosen was London, England. The goal was to publicize and find two key actors: experts to operate and financiers to invest. What has been unveiled today is the public...
By Rasheed Hashi The world and the Somali peoples were shocked to recently learn that the Lower House of Parliament amended the Central Bank Act to hire a non-Somali Governor – a British man with no Central Bank experience and who is reportedly highly connected to international dealers. Social media platforms and coffee shops across...
By ZephaniaUbwani Regional security concerns were raised here yesterday as the East African Community (EAC) tables the application of Somalia to join the bloc today. “The kind of environment we are living today is that we are threatened by terrorism” lamented Chris Kiptoo, the Kenyan principal secretary for Trade said. He told a gathering at...
Press Release ALEXANDRIA, VA, — Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified 4-Star global airline, is pleased to announce that it will restructure its U.S. network, adding frequencies and shifting gateways as of the summer of 2019. The new U.S. network is aimed at giving passengers travelling between the U.S. and...
By Aarthi Swaminathan Yahoo Finance Writer Berlin-based think-tank Transparency International published its latest Corruption Perceptions Index, which ranks 180 countries and territories based on how corrupt their administrative and political institutions are perceived to be. The report gives gives each country a score from 100 (least corrupt) to 0 (most corrupt). “This year’s Corruption Perceptions...
By Kaleyesus Bekele Efforts by African countries to revive defunct national airlines appear ready to bear fruit in 2019 in Zambia, Ghana, and Uganda. Some of the latest attempts, however, involve partnerships with the private sector—in contrast to the public model many believe led to earlier flag carriers’ failure. Both Zambia and Ghana have signed...
ADDIS ABABA, Jan.16 (Xinhua) — The Ethiopian Roads Authority (ERA) on Wednesday signed a road construction agreement worth about 33 million U.S. dollars with Chinese firm Sinohydro Corporation. In a press statement, ERA said Sinohydro Corporation is expected to upgrade the 80.5 km Gedo-Menabegna gravel road to asphalt concrete level. “The financing for the asphalt...
Addis Ababa — The United Nations Development Programme (UNDP) has urged Ethiopia to make its rapid economic growth inclusive and embrace significant part of the population. Achim Steiner, Administrator of UNDP, who has been in Ethiopia for tow-day official visit told ENA on Wednesday that Ethiopia has shown high growth rate during the past few...
By Nyaboga Kiage Nairobi Governor Mike Sonko now wants Chinese experts to assist him in dealing with the Nairobi’s traffic menace. The governor met with experts from the Shanghai Municipal Engineering Design Institute at his office on Tuesday where he made the request for their expertise. “The group led by Chairman Zhou Jun and Assistant...