ADDIS ABABA, (Xinhua) — As part of its vision to become the manufacturing hub of Africa, Ethiopia will on Tuesday inaugurate the first phase of its flagship Chinese-built Hawassa Industrial Park. The industrial park is said to be the first Sustainable Textile and Apparel Industrial park in the African continent with state-of-the-art infrastructural capacity. It...
NAIROBI (Reuters) – The Kenyan central bank pumped in dollars into the market on Friday after the shilling weakened against the dollar, trader said. The shilling had weakened to 103.55/75 per dollar, mainly due to heavy demand from clients like oil importers, prompting the central bank’s intervention. It was still trading at that level midway...
Dubai-based flydubai today announced the start of flights to Kilimanjaro from 29 October. The relaunched service to the carrier’s third point in Tanzania, along with Dar es Salaam and Zanzibar, will see flydubai’s network in Africa expand to 12 destinations. flydubai began operations to Tanzania in 2014 and has seen a steady growth in passenger...
A Dubai-based investment company which is constructing Africa’s tallest building in Nairobi, says it has clinched a deal to build the Garissa-Rhamu-Mandera road under the annuity financing framework. White Lotus Group vice chairman Raju Poosapati told the Business Daily that the investment firm was finalising the agreement with the government to build the 700-kilometre road...
Uber chief executive Travis Kalanick announced Tuesday he would take an indefinite leave of absence as the embattled ridesharing giant unveiled steps to reform a corporate culture marred by a series of embarrassing revelations. The pioneering company has been facing pressure to rein in a no-holds-barred management style led by Kalanick and to reform its...
ADDIS ABABA: In the latest struggle with its illegal migration problem, Ethiopia is urging undocumented nationals residing in Saudi Arabia to take advantage of the three-month amnesty, which came into force on March 29. While an estimated 400,000 Ethiopians are presently undocumented by the Middle Eastern country, only close to 50,000 of them have shown...
By Dominic Omondi Addis Ababa / Djibouti train line. The 750 kilometre (460 mile) railway, built by two Chinese firms, links Addis Ababa to the Red Sea port city of Djibouti in about 10 hours. [AFP] It is official: Kenya is not the largest economy on this side of the Sahara. That coveted trophy goes...
Hass Petroleum said yesterday selling of 40 per cent stake to Oman Trading International (OTI) would involve neither change management team nor staff layout. The company said in a press release that the transaction entails sell of minority stake to the Oman based firm which is state enterprise. “There will be no change in management,...
Windhoek- Africa’s largest airline group, Ethiopian Airlines, has won the African Aviation African Airline of the Year Award for 2017, for the second year in a row, during the 26th Annual Air Finance Africa Conference & Exhibition held in Johannesburg, South Africa. The award was presented to Ethiopian in recognition of its continued rapid growth,...
BY ROBERT BRIEL Intelsat and Dalkom Somalia have signed an agreement for satellite services. The new deal will expand its broadband enterprise and direct-to-home (DTH) services in East and Central Africa and the Middle East. Under a multi-year agreement, Dalkom, a privately owned operator based in Somalia, will incorporate Ku-band satellite services provided by Intelsat...