By Dawit Endeshaw Ethiopia is to start extracting the first ever natural gas deposit from Ethio-Somali Region as of tomorrow, The Reporter learnt. It is to be recalled that back in March, 2018, Poly-GCL, a Chinese company engaged in oil and gas exploration and development project in the Ethio-Somali Regional State, has already discovered oil...
ADDIS ABABA, (Xinhua) — The Ethiopian Parliament is to grill on Monday Prime Minister Abiy Ahmed on recent border and economic liberalization decisions made by the ruling coalition. In a press statement, the Ethiopian Parliament, said Ahmed in a special parliamentary session will present explanation about key decisions taken by Ethiopian People Revolutionary Democratic Front...
By Mohamed Sheikh Nor Ethiopian Prime Minister Abiy Ahmed said his country will abolish trade barriers with neighbor Somalia as part of an effort to create a single market in the Horn of Africa region. Abiy, the first Ethiopian leader to visit in more than 40 years, made the comments Saturday at a joint media briefing...
DUBAI, United Arab Emirates (AP) — War profiteers, terror financiers and drug traffickers sanctioned by the U.S. in recent years have used Dubai’s real-estate market as a haven for their assets, a new report released Tuesday alleges. The report by the Washington-based Center for Advanced Defense Studies, relying on leaked property data from the city-state,...
DUBAI, United Arab Emirates, — It has been noted in some reports that DP World may consider an out of court settlement with respect to the dispute with the Djiboutian government over their illegal action in taking control of the port at Doraleh. A DP World spokesperson said that the concession agreement remains in place, and...
Doha (AFP) – Qatar pledged Wednesday to create 10,000 jobs for Jordanians on the territory of the energy-rich Gulf state, as well as invest $500 million in the kingdom hit by anti-austerity protests. The announcement came two days after Saudi Arabia and the United Arab Emirates made a $2.5-billion pledge to Jordan in conjunction with...
ADDIS ABABA (Reuters) – Ethiopia’s decision to sell stakes in its lucrative telecoms monopoly and other assets could open one of the world’s largest untapped markets to huge potential investments by firms willing to work with a government still wary of private enterprise. The stake sales are part of a raft of measures announced by...
The African Development Bank has participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund (SIF). The ceremony was witnessed by Albert Mafusire, the African Development Bank’s Principal Country Economist for Somalia, who represented the Bank’s Deputy Director General for East Africa and Country Manager for Somalia, Nnenna...
By Sofia Christensen & Edward McAllister DAKAR (Reuters) – When Fatou Kine’s failed attempt to reach Europe left her jobless and penniless in Algeria, she turned to an agency she had heard helped migrants return home. The United Nation’s International Organization for Migration, or IOM, did that and more. It flew her back to Senegal...
By Maggie Fick and Omar Mohammed NAIROBI (Reuters) – Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without a bank account. Now, a proliferation of lenders are using the same technology to extend...