By Brenda Goh and Yawen Chen | BEIJING Chinese President Xi Jinping pledged $124 billion on Sunday for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games. Xi used a summit on the...
October 7, 2026
Category: Market Bazaar
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DP World marks start of concession in Somaliland
Dubai- Dubai-based DP World, a global trade enabler, has celebrated its 30-year port concession for the management and development of a multi-purpose port project at Berbera, Republic of Somaliland which started on March 2. President of the Republic of Somaliland, Ahmed Mohamed Mohamoud and DP World Group chairman and CEO Sultan Ahmed bin Sulayem were...
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East Africa: For Uganda and Ethiopia, It’s $200m Less in US Aid
By Allan Olingo, The East African Uganda and Ethiopia will be the biggest losers in the region in the US President Donald Trump administration proposal to do away with all funding through the development assistance account, instead channelling these monies towards economic assistance. According to a State Department budget document seen by The EastAfrican, the...
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USAID-DuPont Partnership helps hundreds of thousands of Ethiopian farmers transform production and livelihoods
ADDIS ABABA, Ethiopia, The U.S. Agency for International Development (USAID) and DuPont announced that the Advanced Maize Seed Adoption Program (AMSAP), a public-private partnership between USAID, DuPont and the Government of Ethiopia, exceeded its goal by 150 percent to boost maize productivity among smallholder farmers and increase food production for Ethiopian communities. As part of America’s Feed...
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Kenya: Meet Chandaria Industries oligarch who mints billions from recycled waste paper
By Lee Mwiti, Standard Digital When I meet Mahesh Chandaria 60, for the first time, nothing strikes me like meeting a manufacturing oligarch – Kenya’s own version of Andrew Carnegie or John D Rockefeller. The sole owner of Chandaria Industries Ltd is a shy, smiling, grandfatherly figure. He lacks the showy trappings of power and wealth...
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Eastleigh: Kenya’s global Somali hub
Street hawkers mill around following protests by shop owners that saw a lockdown of 1st Avenue, the heart of Eastleigh’s business hub and one of Nairobi’s thriving business centres. FILE PHOTO | NMG By PAUL GOLDSMITH For years, rural development dominated developing world economic discourse. Most of Africa’s population resided in the countryside and the agrarian...
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Tourism, Construction Drive Kenya’s Economic Growth
By Allan Olingo, The East Afrcian Kenya’s economy grew by 5.8 per cent in 2016 — the highest in five years — supported by a significant increase in tourism earnings and the ever-growing construction sector. Data from the Economic Survey 2017 — the primary source of official statistics — released April 19 showed a turnaround...
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Kenya: Election Violence Dampening Prospects of Economic Growth
By Peter Warutere The violence that has hit the primaries of Jubilee and Nasa is sending disturbing signals that are likely to dampen economic prospects. The political climate has diverted capital and labour, from productive engagement to political campaigns. Perception of a looming disaster is strong enough to influence rational investors to wait and see...
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Ethiopian Catering Voted Outstanding Food Service by a Carrier in Africa
Ethiopian Airlines Inflight Catering,the largest single in-flight catering facility in Africa, has won Outstanding Food Service by a Carrier in Africa Awards on PAX International Readership Awards 2017 held in Hamburg, Germany, on Wednesday 5th April 2017. Through an online balloting process from the magazine’s website, 25 awardees from airlines, airline caterers and suppliers of...
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Jordan, Kenya Announce New Economic Partnership
BY MOHAMED AL-DAAMEH Amman- The joint Jordanian-Kenyan trade committee has stressed the importance of cooperation to enhance bilateral ties in different fields and to build efficient economic partnerships between the two countries. During the closing ceremony of its first session, the committee headed by Industry and Trade Minister Yarub Qudah and his Kenyan counterpart Adan...