One year ago, we did not know how many Somalis were poor and how programs and policies could help to reduce poverty or at least build resilience against falling deeper into poverty. We knew that Somalis receive an estimated $1.4 billion (24 percent of GDP) in remittances every year. But we did not know whether...
November 9, 2026
Category: Market Bazaar
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Ethiopia: Ethio-Djibouti Railway Commences Full Ride Trials
By Mengisteab Teshome Ethio-Djibouti railway project has started full rail ride trials completing unit ride trials prior to the commencement of passenger and freight services. Ethiopian Railways Corporation (ERC) Communication Services Head Dereje Tefera told The Ethiopian Herald that any railway project should undergo various trails and checking as well as it needs to be...
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Ethiopian And Azul Brazilian Airlines Enter Code Share Agreement
Accra, Ghana- Africa’s largest airline group, Ethiopian Airlines and Azul Brazilian Airlines have entered a codeshare agreement effective October 01, 2017. Through the codeshare partnership Ethiopian Airlines will add its flight code (ET) in Azul’s operations; hence, customers will be able to purchase tickets directly from Ethiopian Airlines sales channels to fly to seven Brazilian...
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Somalia: Fishing trade sees boost from boat engines, freezers
Only a decade ago this sleepy town made global news headlines as Somalia’s “pirate capital”, a fact captured in books and movies recounting vessels hijacked for ransom, including the Hollywood blockbuster “Captain Phillips.” Piracy may now be a part of Eyl’s past, fittingly for a town full of history. An old fort that once housed...
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Aviation outlook in Africa: Clear skies or turbulence ahead?
by Richard Li According to the African Development Bank, the continent has been growing at a fast pace, averaging 4.88% from 2005 till 2015. Moreover, both the International Monetary Fund and World Bank predict that in the coming years, many of the fastest growing economies will be from Africa. As for the aviation sector, the World...
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Kenya economically stable, food-secure despite politics – CSs Rotich, Bett
By MATHEWS NDANYI Kenya’s economy is stable despite the prolonged political season following the presidential election petition, Treasury CS Henry Rotich has said. Rotich said all economic indicators show key sectors are stable and will improve once the repeat election takes place on October 26. “What we all urge is that peace and unity be...
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Trump says friends going to Africa to ‘get rich’
New York – US President Donald Trump hailed Africa’s business potential on Wednesday, telling several leaders of African nations he has many friends going there to “get rich.” At a lunch with the leaders amid the UN General Assembly, Trump mused about the vast continent’s opportunities and challenges. “Africa has tremendous business potential,” he said....
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Africa’s economic giants face increasing competition from upcoming Kenya and Ethiopia
JOHANNESBURG, — Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is still favourable for businesses. Despite recent...
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IGAD Holds Consultations For Free Movement Of Persons
By Jale Richard JUBA, [Gurtong]-IGAD member states include Ethiopia, Djibouti, Kenya, Sudan, Uganda, South Sudan, Eritrea (inactive) and Somalia. IGAD secretariat started a three day meeting on Wednesday with officials of the Ministry of Foreign Affairs and International Cooperation, Ministry of Interior and civil society organizations seeking their inputs to the document. Similar meetings have...
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How Aid in Cash, Not Goods, Averted a Famine in Somalia
By Roshni Majumdar UNITED NATIONS, (IPS) – In February, when the government of Somalia sounded an alarm to the UN about risks of a famine in the country, the UN’s Office of Coordination of Humanitarian Affairs (OCHA), besides quickly shuffling a response team, was acting from a steep sense of history. The Office, instead of sending...