AMSTERDAM (Reuters) – The Dutch government on Thursday canceled a trade mission to Saudi Arabia next month due to concerns over the disappearance of dissident journalist Jamal Khashoggi, a spokeswoman said. “All trade missions to the country have been suspended for now”, a spokeswoman for PSPS Consultants, which had organized the trip for the government,...
October 6, 2026
Category: Market Bazaar
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Investors keen to grow mobile money in Somaliland
Mohammed Ahmed Ismail, a currency exchanger, waits for clients in Somaliland’s capital Hargeisa. PHOTO | COURTESY On the dusty streets of Somaliland’s capital Hargeisa, Mohammed Ahmed Ismail is arranging paper money in his tidy, waiting for clients who wish to exchange foreign currency. Ismail has more than five years experience in the trade. Together with...
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First commercial flight in 40 years links Ethiopia to Somalia
Mogadishu (AFP) – An Ethiopian airline on Saturday made the first commercial flight between Addis Ababa and Mogadishu in 41 years, in yet another sign of warming ties between neighbouring Horn of Africa nations Ethiopia and Somalia. A plane from the private airline Ethiopia National Airways landed at Mogadishu’s Aden Adde airport, and will conduct...
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Doctor-coptor VIDEO: DHL drone delivers medicines in East Africa
A DHL-led pilot project to deliver medicines by parcel drone to remote areas in Kenya, East Africa, has completed more than 180 take-offs and landings. During a six month test period, the German logistics giant, together with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and drone manufacturer Wingcopter, flew the rapid response drone over a total distance of...
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In Nigeria, Shell’s onshore roots still run deep
BODO, Nigeria (Reuters) – Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country’s onshore industry for decades. But for the company that pioneered Nigeria’s oil industry in the 1950s, the...
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Ethiopia leads hotel expansion in East Africa
Ethiopia currently heads the league for hotel development in East Africa, according to a regional focus from the influential annual hotel pipeline survey by Lagos-based W Hospitality Group. Details of the survey, which covers the whole of the African continent, will be one of the key discussions at the Africa Hotel Investment Forum (AHIF), which...
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African Development Bank’s Board approves Policy on Non-Sovereign Operations
ABIDJAN, Ivory Coast, — The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet specific eligibility...
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Mobile money overtakes cash in Somalia
NAIROBI, Kenya, – Approximately 155 million mobile money transactions worth US$2.7 billion are conducted in Somalia every month, making it one of the most active mobile money markets in the world. According to a World Bank finding, mobile money has superseded the use of cash in the country, with over 70 percent of adult Somalis using...
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Protecting Somalia’s growing mobile money consumers
BY THILASONI BENJAMIN MUSUKU, World Bank The mobile money market is booming in Somalia. Approximately 155 million transactions, worth $2.7 billion or 36% of gross domestic product (GDP), are recorded every month. Mobile money accounts for a high proportion of money supply in the domestic, dollarized economy and has superseded the use of cash; seven out...
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Facebook adds 24 new languages to its automated translation service
BY KHARI JOHNSON, VB Facebook has used artificial intelligence to improve its machine translation models, allowing the social media giant to recognize and translate 24 new languages. The new language translation pairs include Serbian and Belarusian to English in Europe; Zulu and Somali to English in Africa; and Cambodian and Mongolian to English in Asia....