Ethiopian Airlines opened its new air cargo terminal, which is comparable to Amsterdam Schiphol, Singapore Changi, or Hong Kong terminals, according to Tewolde GebreMariam, CEO of the Ethiopian. Airfreight annual throughput at Addis Ababa rose from 175,600 tonnes in 2014 to 211,700 last year while Nairobi volume fell from 259,100 to 231,700 tonnes in the...
October 7, 2026
Category: Market Bazaar
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Iran’s Exports to Somalia up by 38%
TEHRAN, (MNA) – Iran’s Trade Promotion Organization announced that volume of Iran’s exports to Somali had risen by 38 per cent in the previous Iranian year (ended March 20). “Last year, the country’s exports to Somalia, situated in the Horn of Africa, grew by 38% as compared to the earlier year,” noted Farzad Piltan, Director...
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THE BATTLE FOR A FREE INTERNET IN AFRICA
By Ashley Okwuos Earlier this year, Valery Colong Nyiwung lost $10,000 in just three months — almost 10 times the annual per capita income of Cameroon. And it wasn’t from playing the ponies. The only bet the tech entrepreneur made seemed to have winning odds: co-founding ActivSpaces, one of Cameroon’s leading technology hubs and an...
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Helping Somalia attract private investment will require realism, rigor and reforms
Stabilizing countries that have long been afflicted by fragility, conflict and violence (FCV) – and helping them shape effective reforms to strengthen the investment climate – is one of the most difficult challenges in international development. The task is all the more severe when, as in Somalia, a large proportion of the population has been...
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Confronting Africa’s Water Challenge
BY AKINWUMI ADESINA, ABIDJAN – Water is essential for life, and yet it is scarce in many parts of the world. Owing to the effects of climate change, Africa is experiencing its worst drought since 1945, especially in Southern Sudan, Somalia, Ethiopia, and Northern Nigeria. These fragile areas now need the global community’s support. We...
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Work begins on the tallest skyscraper in Africa
Kieron Monks, CNN (CNN) The mighty peaks of Kilimanjaro and Kenya are the highest points in Africa, towering over the East Coast nations. The mountains will soon be sharing a skyline with a man-made behemoth named simply: “The Pinnacle.” Kenyan President Uhuru Kenyatta recently laid the foundation stone for what will be the tallest building...
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UK to maintain duty-free access for developing countries after Brexit
Britain said it will maintain duty-free access to its markets once it has left the European Union for goods from nearly 50 developing countries including Bangladesh, Sierra Leone and Haiti. The government said around 48 countries would continue to benefit from tariff-free exports on all goods other than arms and ammunition to the UK and...
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Chinese infrastructure capabilities help promote regional interconnectivity, global growth
BEIJING – With the recent launch of operation of Kenya’s Mombasa-Nairobi railway, China’s remarkable infrastructure capabilities are again highlighted in promoting regional interconnectivity to pave way for global economic growth. Ronnie Lins, CEO of Center China Brazil: Research & Business, commended China’s infrastructure capabilities as leading the world. “China’s infrastructure capabilities take a lead worldwide,...
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Ethiopian Wins SKYTRAX World Airline Award for Best Airline in Africa
Africa’s largest airline group, Ethiopian Airlines, is pleased to announce that it has won SKYTRAX World Airline Award for The Best Airline in Africa on June 20, 2017 at the Paris Air Show. NEW YORK, NY, — Skytrax is the most respected global air transport rating organization that conducts the world’s largest annual airline passenger...
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Africa Most Expensive Place to Send Money, Says Report
By Dorothy Nakaweesi, the Monitor Kampala — Sending remittances to Africa is more expensive than anywhere else in the world, a new global report has shown. The report – Reducing the costs and scaling up service provision for remittance flows from the UK to Africa’ – was published last week at the Global Remittances Conference in...