By Abdulkadir Suleiman By January 27, 2015, a very relative few people knew Mohamed A. Ibrahim (Farkeeti)—the outgoing Finance Minister. He was not well known in the circle of Somali politics until Prime Minister Omar Abdirashid assigned him to lead the country’s economic institutions and to envision reform policies that drive financial institutions into more...
November 9, 2026
Category: Market Bazaar
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Security Increasing Priority for Tech Investments by World’s Airports
MONTREAL, Canada — Airports are placing a higher priority on IT investments for passenger and airport security with 50% rating it a high priority, up from 37% last year. This is according to the 2016 Airport IT Trends Survey, the extensive annual study of IT trends within the global airport industry co-sponsored by SITA and...
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Kenya’s developing retail market makes way for global brands
By Nelly Murungi Oxford Business Group’s (OBG) The Report: Kenya 2016 says that the rising urbanisation levels and and increased disposable income are likely to fuel growth in Kenya’s retail sector, and that this demand will drive the construction of floor space. According to the report, “Over the past five years the average value of consumer spending has risen...
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Berbera port: UAE presence expands in Africa
By Awad Mustafa in Dubai The United Arab Emirates has signed an agreement to establish a second foreign military base in the Horn of Africa. The new base, according to the source present at the negotiations, will be established at the coastal city of Berbera in Somaliland and will be an air and naval base....
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36 Hours in Nairobi, Kenya
By JEFFREY GETTLEMAN Nairobi the capital of Kenya, calls itself the City in the Sun, and a visit can be as pleasant as that sounds. Most outsiders drop in for two reasons: business and animals. A short flight from spectacular wildlife parks such as the Maasai Mara, Nairobi has also become a magnet for some...
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Ethiopian airlines to spread its wings to Oslo
By CitiFMonline Ethiopian Airlines will commence scheduled five weekly flights to Oslo, Norway via Stockholm with the ultra – modern Boeing 787 Dreamliner effective March 26, 2017. Oslo is the capital, most populous city and governmental centre in Norway, a hub to the Norwegian trade, banking, industry and shipping. Group CEO Ethiopian Airlines, Mr. Tewolde...
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Governments pledge $75 billion to World Bank’s poorest countries fund
By David Lawder | WASHINGTON WASHINGTON The World Bank said on Thursday that 48 governments have ratcheted up the fight against extreme poverty by committing $75 billion in new funds to the International Development Association, the bank’s fund for the poorest countries. The replenishment will enable IDA to scale up development interventions to tackle conflict,...
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African Development Bank lends $159 mln to Ethiopian Airlines
Ethiopian Airlines will get a $159 million loan from the African Development Bank to help finance an expansion plan that includes doubling the size of its fleet and increasing its revenue to $10 billion over the next decade. The state-owned carrier has around 80 planes, including Boeing 787 Dreamliners and Airbus A350-900 jets, and has...
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East Africa the new Caribbean? The tourism case for promoting regions
By Helen Sullivan It may be time to stop reminding your American friends that Africa is not a country – tell them it’s a series of regions. According to a new report by the World Bank, The Unexplored Potential of Trade in Services in Africa, the key to boosting tourism on the continent could be to actively...
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Turkish Airlines launches its direct services to Zanzibar
Ankara, Turkey, (WAPA) – Turkish Airlines has launched yesterday its direct flights between Istanbul and Zanzibar. Following this addition, the airline will now be flying to 293 destinations worldwide; 50 of which are in Africa. These include the east African city hubs of Dar es Salaam, Kilimanjaro, Nairobi, Mogadishu, Djibouti, Asmara, Addis Ababa, Kigali, Entebbe...