Category: Market Bazaar

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...

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...

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...